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VeoRide company logo
MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Travel (mobile)
veoride.com

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Founded Year

2017

Stage

Series A | Alive

Total Raised

$16.05M

Last Raised

$16M | 2 mos ago

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About VeoRide

VeoRide is a bike sharing service that allows users to check out a bike through a mobile app, and return it to any rack.

VeoRide Headquarter Location

1001 N Milwaukee Ave Ste 401

Chicago, Illinois, 60642,

United States

Latest VeoRide News

The AI police are here to bust you for bad escooter behavior

Aug 6, 2021

Your escooter is tracking your ride Story by Escooter providers are forever seeking ways to facilitate, promote, and enforce safe and responsible ridership. Companies are increasingly turning to AI to aid their efforts. Uber recently published a  patent  using cameras, mapping, and custom AI processors to detect non-compliant rider behavior such as parking outside designed areas. Uber can then notify users of improper parking or issue penalties. Get free rides for sticking a helmet on your head Veoride uses image recognition in their user app to track and reward riders wearing a helmet. Uber is not the first company to use AI to control user behavior. Chicago escooter company Veoride  debuted helmet detection tech in 2020 . Riders upload a photo of themselves wearing a helmet to the VeoApp and receive a ride discount. Voi pilots computer vision for safer escooter rides In the UK, Voi is underway with trials of a world-first large-scale pilot of computer vision for shared escooters. AI technology detects when an escooter leaves the road and rides on a sidewalk or when the vehicle is parked incorrectly. The company can also see if an escooter is standing up and parked in a rack. Users riding on the sidewalk receive an audible alarm. In a future phase, the pilot will explore automatically slowing scooters for sidewalk riding or dangerous riding in heavily pedestrianized areas. Currently, Voi credits riders who end their trip in recommended parking spots, and send a photo of their park to the Voi app. The app fines riders for incorrect parking in some cities. Since introducing the ‘end of ride photo’ feature in early March, illegal parking has decreased 45% in Liverpool. Data from the pilot will be shared with the council to collect data-driven insights into escooter use and their interactions with other modes of transport and pedestrians. Vehicle Intelligence goes underneath the hood AI also provides vehicle safety insights. MIT spin-off Superpedestrian has developed a proprietary Vehicle Intelligence system to detect and protect against more than 100 common malfunctions. Within nanoseconds, the scooters can detect potential problems such as battery fires, short circuits, or failed brakes and take corrective action to avert damage. Spin,  the micromobility unit of Ford Motor Company , has launched a Pedestrian Defense system that can detect dangerous behavior such as riding on the sidewalk, riding the wrong way down a one-way street, and aggressive swerving. The software can slow down and stop rides autonomously and alert riders to rule violations. There’s also the ability to generation collision reports in the event of a crash. At the end of each ride, riders receive a Safety Rating, and those that improve receive ride discounts. Repeat offenders cannot use the escooters again, which chronicles both unsafe and safe behaviors. This individual Safety Rating then delivers customized in-app and SMS safety training. What about double riding? Double riding is a huge problem for micro mobility providers Surprisingly, there’s no detection service yet for people doubling up—with two or even three people riding on an escooter at the same time. Technology already exists to help address the problem. For example, sensors could measure weight distribution to detect when more than one rider uses a scooter, disabling the motor Do EVs excite your electrons? Do ebikes get your wheels spinning? Do self-driving cars get you all charged up?

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Expert Collections containing VeoRide

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

VeoRide is included in 3 Expert Collections, including Bike & Scooter Tech.

B

Bike & Scooter Tech

343 items

We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.

M

Mobility-as-a-Service

548 items

Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.

S

Smart Cities

1,344 items

VeoRide Web Traffic

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