In 2013, VeloMetro’s founders had a series of “aha moments” that lead them to create an entirely new way to travel. In their native Canada, the team saw the success of one-way car-sharing networks and the increasing interest in electrified vehicles. At the same time, they noticed how station-based bike shares were rarely profitable and, in some cases, city governments were picking up the tab.
These “aha moments” inspired VeloMetro’s founders to devise something that would keep the ride-sharing model intact, but at a lower cost with greater accessibility.
Electric Avenue
Enter the Veemo VeloMobile, an enclosed electric-assisted bicycle that provides car-like functionality for urban travel. Through the Veemo app, users reserve the next available VeloMobile, and pay for the time they use. Need to run a million errands across town" Veemo. Meeting friends at that great sushi spot" Veemo. Not sold on the idea of owing a car" Veemo. “VeloMobiles have been around for a 100 years – they were really popular in France when there was a fuel scarcity,” explained Kody Baker, Chief Executive Officer, VeloMetro Mobility Inc. “Automobiles took over but VeloMobiles became a niche product for any enthusiast who wanted a really aerodynamic human-bike vehicle.”
The Veemo model reflects what many budget-minded and environmentally-conscious consumers are looking for. It’s simple, sustainable, and riders pay a...