THE CHALLENGE


The mobility sector is in a time of unprecedented transformation.

As urban cores grow in density, more people now need to move around a city than ever before. However, current urban transportation options are not cutting it.

People are increasingly frustrated by driving due to traffic congestion, air pollution, costs of operating a car, and lack of exercise. Meanwhile, many people are afraid to cycle, don’t like overcrowded transit systems, and find taxis and ride-hailing face the same issues as driving.

Cars

  • Congested roads
  • Pollution
  • Expensive

Bicycles

  • Lack of protection
  • Minimal cargo space
  • Sweat inducing

Public Transportation

  • Not flexible
  • Crowded
  • Unpredictable

Carshare

  • Congested roadways
  • Parking can be difficult
  • Driver's licence needed

Ride-Hailing and Taxi

  • Expensive when you want it most
  • Adds to city congestion
  • Potential for unpleasant drivers

 

An opportunity has opened for new mobility options to solve these growing problems. Mobility issues are not going away any time soon, as urban mobility is becoming one of the major challenges of the 21st century.

OUR SOLUTION: 


A three-wheeled, electric-assist, enclosed velomobile sharing service.

Flexible personal transportation for a city.

BENEFITS OF 


VeloMetro’s product is twofold: the velomobile and the accompanying Veemo sharing service.

As an enclosed 3-wheeled pedal-assist vehicle, the velomobile offers the comforts of a car with the functionality and freedom of a bicycle. Veemo is a free-floating ‘one-way’ shared service that offers the convenience and flexibility of renting out a velomobile at any time, for as long as needed.

Car Comforts

  • Protection from weather
  • Cargo room
  • Safety on roadways

Bicycle Functionality

  • Bike lane access
  • Easy electric-assist pedaling
  • No driver’s licence needed

Sharing Model

  • Reserve/unlock with our app
  • Rent vehicle by the minute
  • Free parking

VeloMetro sells mobility as a service for short trips around a city using a new platform of connected, enclosed electric-assist bicycles.

SHARING SERVICE MODEL 


We see a market sweet spot for micro-mobility in the current transportation landscape. A space between car share and bike share, where lightweight pedal-electric vehicles can fundamentally outperform the automobile and bicycle in urban areas in consumer value, economics, and the achievement of liveable cities.

Per Minute Pricing

  • High margin cash flow
  • Direct to consumer
  • Low barrier to purchase

On-Demand

  • Flexible
  • Convenient
  • Rapidly scalable

New Mobility

  • Reduced congestion
  • Clean transportation
  • Smart cities

SHARED MOBILITY COMPETITION 


Alternatives to car ownership by trip length.

veemos by water
veemo street

VEEMO PILOT 2018


Veemo launched a public fleet of 5 velomobiles at the University of British Columbia. Students, staff, and residents rented Veemo velomobiles by the minute to get around campus.

High User Growth

Validated Revenue Model

Positive User Feedback

MEDIA COVERAGE


TEAM


VeloMetro’s team is well-positioned for success, with over 30 years of electric vehicle engineering experience, extending to automotive design, batteries, electronics, and online interfaces. Members of the team and advisors bring years of shared mobility experience to their roles at VeloMetro.

INVEST


VeloMetro Mobility is currently raising a $9.5M round at an $11.4M pre-money valuation. We seek accredited investors who are passionate about redefining the future of urban transportation. We have a minimum investment size of $25k at this time.

Use of proceeds:

500 Vehicle Fleet

Production Tooling

Vancouver Veemo Launch

Working Capital

Runway to Series A

SHARED MOBILITY MONEY RAISED


Shared mobility is at the forefront of the changing transportation sector. In recent years, car, bicycle, and scooter shares are appearing in cities worldwide.

Bird

$415M

Lime

$467M

ofo

$2.2B

Mobike

$928M

customer in veemo
bctech summit 2017 veemo
velometro veemo justin trudeau