VEER Campaign's Highlights
Veer designs carbon fiber drivetrains to replace dated chain drives for light electric vehicles - with the goal to provide a better drive solution as urban transportation evolves to go more electric. Their 2020 sales surpassed $100,000 in the growing eBike and eScooter markets ($23 billion and $18.6 billion, respectively).
Below a few highlights from the company's StartEngine campaign:
- Large, growing market: Veer is expanding into the Light Electric Vehicle Market with the electric bike market valued at $23 billion in 2020 alone.
- Impressive sales: Veer Cycle saw more than $100,000 in sales in 2020.
- Valuable mission: The Split Belt is designed to enhance light electric vehicle usage for local transportation, contributing to cities’ efforts to go green and combat climate change.
Did I Invest In VEER?
I’m still in the process of writing a full deal report and decide whether or not I will invest in VEER. I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!