Why does Veomo deserve the Venture EIT Awards?

Mobility in urban environments is changing rapidly. By simplifying access to mobility information, Veomo wants to provide cities and businesses with a solution that makes it easier for people to access new forms of mobility.

Over the past decades, the industry has ramped up production facilities and managed to make vehicles affordable and accessible to everyone. The resulting individual transport has changed our understanding of mobility and the appearance of the city.

For many, traffic jams, bad air and lack of living space have become the norm. However, this development is slowly coming to an end and needs to be changed. A new awareness of sharing, usage and sustainability and new digital technologies have enabled new mobility services to be introduced to the market. The multitude of new services is making it difficult for many to switch to shared and sustainable mobility. The availability and business areas are often only found in the app or on the website of the respective provider.

“This makes it difficult to compare different services. Furthermore, there are many potential users who have not yet dealt with new mobility services and who follow their daily commuting routine”, says Dominik Radic, CEO of Veomo.

The above is the rationale for the foundation of Veomo. Its founders are convinced that the transition to new mobility is essential for liveable and sustainable cities.

Their software Veomo informs about the availability of mobility in real time on large monitors at high frequent places. Veomo visualises the full transparency of the new mobility, such as departure times of the public transport, distances to car – bike – scooter sharing, waiting times for ride-hailing, car-pooling, real time traffic information, company shuttles and more – all at a glance.

In order for them to succeed in transforming mobility, they need to reach the broad masses. Their information platform is made for the people. Regardless of age and digital understanding – everyone can find out about the wide variety of mobility in their environment without access to smartphones and/or the Internet.

Mobility involves different and changing needs. That is why “Veomo believes that understanding the end user’s needs is crucial for success and failure. To accelerate the transition to the new mobility and build a successful business, we need quick and easy solutions for our customers. For us, venture means being able to quickly and easily test a product idea in the market, while keeping an eye on scalability. Therefore we follow the Lean Start Up approach with our software solution“, says Radic.

Veomo successfully applied to the EIT Urban Mobility Scale Up Hub and were accepted into the programme. Together, we are working on a solution for the EIT Challenge 5 – Data exploitation. In addition, and we are delighted of presenting them as our Venture nominee for the the EIT Awards.

We are crossing our fingers for you, Veomo!

Three startups are ready to test their pilots across European cities!

Urban Radar, Nüwiel, and eParkomat have been selected as the winning participants from the Scale-up Hub programme that will receive up to 50.000€ in equity funding for implementing their pilot’s proposal to the City Club Challenges in the  European cities of Barcelona, Hamburg, and Ostrava, respectively.

Urban Radar, founded in France in 2018, is a cloud platform that revolutionises the way cities manage and regulate their mobility in response to the disrupting urban logistics demand. Their proposal is a pilot project to improve urban logistics by providing the pilot city, Barcelona, a custom-made platform for kerb management and logistics optimization.

For the city of Hamburg, the start-up selected is Nüwiel. Founded in 2016 in the same city where it will test their project, it provides innovative electric bike trailers, which offer a sustainable and reliable solution for transporting goods in urban areas.

Finally, the scale-up testing their pilot project in the city of Ostrava: eParkomat. Founded in Karvina in 2016, they help cities solve the parking problem by using AI & anonymized data of mobile operators, delivering real-time parking occupancy, as well as an analysis based on tracking of driver’s habits. They will implement their platform with the aim of helping drivers navigate directly to the location with highest probability of available parking and managing prices according to the real demand.

Their innovative approach to urban mobility has allowed them to be perceived as the most valuable projects for our cities. By the end of this year, we will be able to obtain their analyses and learn from this experience, that will have a positive impact on the citizens of these cities and, hopefully, a lot more in the coming years.

The Scale-up Hub programme is developed by the EIT Urban Mobility, an innovation community bringing together academia, research, businesses, and cities to work on innovative solutions for the mobility challenges facing cities. EIT Urban Mobility is supported by the European Institute of Innovation and Technology (EIT), acts to accelerate positive change on mobility to make urban spaces more liveable.

Power4Global call selects five startups for presentations at Reuters Mobility Summit

Twenty three startups submitted their information to be evaluated. All participating startups had to submit a pitch deck and answer a set of questions focused on the viability of their business model, scalability and other important factors. All of these attributes were then examined individually by the evaluators who gave the startups a total score. Based on this score, the selected startups are:

  • EVIO – Electrical Mobility
  • Huddl Mobility Limited t/a CitySwift
  • Meep
  • Vianova
  • Volvero

The Next Steps

These five startups, as those that were not selected, will now be able to attend the six preparation investment sessions. These sessions will put the emphasis on the expansion to foreign markets such as the US, as well as other important business sectors. Learn more about them here.

Each session will have a speaker with expertise on fields related to startup scalability and growth.

Power4Global and GoGlobal

Power4Global is an integral part of the GoGlobal programme, itself part of the larger Business Creation programme by EIT Urban Mobility. It is focused on aiding urban mobility startups in their expansion outside of Europe, particularly in the United States. This programme would have concluded in the selected startups visiting Silicon Valley, particularly, San Diego. Due to COVID-19 limitations, though, the event will take place virtually.

The GoGlobal programme is organised by a multidisciplinary, international consortium comprised of CARNET and PowerHUB.