We are officially back to where it all started: Purdue University!
Veo has returned home to bike-friendly West Lafayette with a mixed fleet of 500 bikes and scooters. Veo was founded by Purdue graduates Candice Xie and Edwin Tan in 2017 with a mission to make clean transportation accessible to all.
The community came together to celebrate Veo’s launch on April 20th, where Xie and Tan presented Purdue President Mung Chiang with a custom golden scooter to commemorate Veo’s launch on campus.
From startup to scaling across the nation
Xie and Tan started Veo in 2017 with a business plan and big aspirations.
The co-founders credit the Purdue Foundry, an entrepreneurship and commercialization accelerator on campus, for setting them up for success. The Foundry’s Entrepreneurs-In-Residence program helped them come up with a business plan and provided valuable advice. After incubating their company at the Foundry, Xie and Tan did a small-scale pilot program with their teal-colored shared bikes around the city of West Lafayette. Their bikes quickly became a popular way to get around Purdue and the bike-friendly community of West Lafayette.
Veo now operates in over 50 markets across North America with fleets of shared electric bikes and scooters it designs and manufactures in-house. With a focus on deliberate and responsible growth, Veo in 2020 became the industry’s first profitable micromobility company. Recognized as a Forbes Best Startup Employer, the company now has over 200 employees and continues to grow as it deploys new vehicle types and enters new markets across North America.
Veo’s diverse portfolio of markets includes New York City, Los Angeles, Seattle and Washington, D.C., as well as universities including the University of Illinois Urbana-Champaign, Indiana University, Texas A&M University and Rutgers University.