About VeoRide
VeoRide is a company based in West Lafayette (United States) founded in 2017 by Yanke Edwin Tan and Bowen Candice Xie.. VeoRide has raised $16.03 million across 2 funding rounds from investors including FJ Labs, Autotech Ventures and UP Partners. VeoRide operates in a competitive market with competitors including TIER, Helbiz, Gotcha, HOPR and Carre Mobility, among others.
- Headquarter West Lafayette, United States
- Founders Yanke Edwin Tan, Bowen Candice Xie
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.03 M (USD)
in 2 rounds
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Latest Funding Round
$16 M (USD), Series A
Jul 13, 2021
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Investors
FJ Labs
& 3 more
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Employee Count
Employee Count
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Funding Insights of VeoRide
VeoRide has successfully raised a total of $16.03M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $16.0M
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First Round
First Round
(13 Dec 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series A - VeoRide | Valuation | Autotech Ventures | |
| Dec, 2017 | Amount | Seed - VeoRide | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VeoRide
VeoRide has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include FJ Labs, Autotech Ventures and UP Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing globally
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Founded Year | Domain | Location | |
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Investments in mobility sectors are made by UP Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VeoRide
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - VeoRide
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veoride Comparisons
Competitors of VeoRide
VeoRide operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TIER, Helbiz, Gotcha, HOPR and Carre Mobility, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Latest news on Veoride
Frequently Asked Questions about VeoRide
When was VeoRide founded?
VeoRide was founded in 2017.
Where is VeoRide located?
VeoRide is headquartered in West Lafayette, United States. It is registered at West Lafayette, Indiana, United States.
Is VeoRide a funded company?
VeoRide is a funded company, having raised a total of $16.03M across 2 funding rounds to date. The company's 1st funding round was a Seed of $30K, raised on Dec 13, 2017.
What does VeoRide do?
VeoRide was founded in 2017 in West Lafayette, United States, and operates in the electric vehicle rental sector. An app-based platform is provided for users to locate, book, and unlock vehicles such as electric kick scooters and bicycles through QR code scans. IoT-enabled features support eco-friendly rides, with vehicles parked at user-chosen locations upon completion. The application is available on Android and iOS platforms.
Who are VeoRide's investors?
VeoRide has 4 investors. Key investors include FJ Labs, Autotech Ventures, UP Partners, and Interplay.
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