VEER

Bomb-proof carbon belt drivetrains

VEER

Bomb-proof carbon belt drivetrains

Novato, CA
Consumer Products
Transportation
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).

$423,389

raised
476
Investors
$7.54M
Valuation
$0.64
Price per Share
$298.88
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
5
Days Left

$423,389

raised
476
Investors
$7.54M
Valuation
$0.64
Price per Share
$298.88
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
5
Days Left

Rewards

Get rewarded for investing more into VEER:

$298+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
You Rock! Level Up
30% discount on an order, shirt, stickers.
$1,000+
Investment
We Love You? Level Up
2% bonus shares, 30% discount on an order, shirt, remote control electric motorcycle.
$2,500+
Investment
Riders LevelUp
5% bonus shares, 30% discount on an order, shirt, remote control electric motorcycle.
$5,000+
Investment
Owners Level Up
10% bonus shares, lifetime 30% discount on orders, shirt, underwear, remote control electric motorcycle, glorious founder edition trophy.
$10,000+
Investment
Founders Level Up
15% bonus shares, 1 raffle ticket for 1of3 Custom Founder Edition eBikes w/ Veer Split Belt, meet w/founding team, 1st look at products in dev, lifetime 30% discount on orders, shirt, underwear, remote control eMotorcycle, founder edition trophy.

Reasons to Invest

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.

The Split Belt™: A carbon fiber belt drivetrain alternative for light electric vehicles

When a mangled bike chain sent our Founder & CEO, Sean Hacking straight into the pavement in the middle of traffic, he decided to take matters into his own hands for everyone else who could be riding but are intimidated by the safety, reliability, and inconsistent performance.


The Split Belt carbon fiber drive by Veer is a next-gen drivetrain that boosts durability, performance, range, and affordability of bicycles and light electric vehicles like eBikes, eScooters, and eMotorcycles. 



*Images above are computer generated demo versions.

We want to replace dated chain drives for light electric vehicles - with the goal to provide a better drive solution to increase ridership as urban transportation evolves to go more electric.

We outperform the traditional bike chain in durability, simplicity, and safety—which we believe is why we’ve already shipped 1,000 belts in the last two years and won an award at the world’s largest bike trade show, Eurobike, for our Split Belt design.

*The above information is based on internal research and management's experience.

We believe we have mastered regular pedal bikes and we are ready to take over the electric motor vehicles sector. 


The Problem


Transportation of the future shouldn’t rely on technology from the past

We believe most electric scooters, electric motorcycles, and other forms of light electric vehicles still use the same outdated metal chain drives that were designed for manual bikes 140 years ago. 


Chain drives are mechanically efficient and cheaper in upfront cost, but they are difficult to maintain and can become more expensive in the long run due to maintenance and upkeep. Poorly cared-for chains have the potential to fail mid-ride, posing a huge danger to riders.

Many light electric vehicles also do not have a method to change gears, causing the electric drive system to have trouble operating at the most efficient speed, limiting range and performance.


The Solution


A replacement for that rusty old bike chain

Our technology is bringing drivetrains for bicycles and light electric vehicles up to speed for the modern rider. Our toothed carbon fiber Split Belt is as strong as a chain, yet far more efficient—meaning less maintenance with fewer service costs and less time spent tinkering with shoddy old chains.


Split Belt adds efficient shifting capabilities to single-speed drives seamlessly, giving the motor better performance over a range of speeds.


*Images are computer generated demo versions.

This means motors and batteries can be smaller, cheaper, and lighter, which reduces production costs.



With no metal-on-metal contact, our belt never needs cleaning or lubrication either.


Split Belt is also super versatile: It “drops in” to existing bike designs with the ability to be adapted to many different light electric vehicles and form factors.

*Images are computer generated demo versions.

The Market


Small electric vehicles will ride on traction built during the pandemic

By 2027, the worldwide bicycle market is anticipated to grow to $147.24 billion. In 2020, the electric bike market was valued at $23.89 billion with an expected CAGR of 11.84% through 2026, and the eBike drive market specifically was valued at $6.19 billion. The electric scooter market was estimated at $18.6 billion in 2019, and the electric motorcycle market is slated to reach $40 billion by 2026. In 2020 alone, the eBike market saw a 144% increase year over year in sales, an increase in cycling interest-driven in part by the pandemic—changes that are anticipated to stick.

Source 1 and Source 2

Our target market size is $120M per year, putting our target volume at 700,000 drives per year.  

*Images are computer generated demo versions.

Our Traction


Consumers are happy to adopt the Split Belt

Since our inception in 2019, we have seen year-over-year growth of 200%, having shipped more than 1,000 drive units to date. Overall, we’ve seen $141K+ in 2019/2020 gross sales, with $100K+ in 2020 alone. Our returning customer rate for our online store is 30%.

At this time, we have also several national and international production partners, three international distributors, and 50 retail dealers, including Just Pedal, Spokesman bicycles, Rob’s bike center, Hartsburg Cycle Depot.

What We Do


We’ve created a product that carefully considers the needs of manufacturers and riders alike

gif

*Images above are computer generated demo versions.

The Split Belt is a bomb-proof carbon belt system that runs on metal sprockets to transfer power from the rider and/or motor to the wheel, increasing efficiency and decreasing hassle compared with traditional chain drives.


The unique split link in the belt allows for complete design freedom for the manufacturer.

The Split Belt is super adaptable, as well, with a joint in the circular belt that allows it to be threaded through frame cavities and made in any length. 

The Business Model


Peddling our product through multiple distribution channels

We aim to be the go-to drive solution for manufacturers who are looking to improve performance and reliability—but also want a turnkey solution that works with their existing designs.

In the future we plan to have OEM be our primary channel at around 50%, followed by distributor sales at ~30%.

We’re targeting the mid to high end (for quality) of the light electric vehicles market while we work to lower costs while maintaining value proposition. Reducing production costs by 40-50% will be key to making our Split Belt fully mass-market.

How We Are Different


Our designs are adaptable and cater to the entire market

Our main competitor for durable drives pushes manufacturers to adapt their existing designs to work with their belt drives. We believe this gives us a considerable advantage; our Split Belt can be put on almost any design, with no adaptation necessary. 

gif

*Images above are computer generated demo versions.

There are also other companies that create geared hubs and chain products, however, they don’t offer the durable, low-maintenance drive systems that compare to ours.

*The above information is based on internal research and management's experience.

The Vision


We intend to be THE drive supplier for the mid- to high-end market

We plan on transitioning to mostly OEM sales and to expand our operations in North America, Europe, Asia, and Australia.

In 5 years, we expect to have built a complete line of geared and fully modular belt drive systems paired with motor systems. These will be used on an array of bikes and other vehicles, including electric cargo bikes and light delivery “trucks”.

We hope to become the go-to drive supplier for mid-to-high-end eBikes and eScooters, especially in high-usage applications like shared fleets and rentals. This will reduce maintenance costs and vehicle downtime, as well as reduce waste and vehicle scrapping.


Our ultimate vision is to usher in more businesses like these to help cities curtail local car travel and combat climate change.

gif

OUR LEADERSHIP


With an eye toward the future and a focus on company culture, Veer is a team that gets things done

Sean Hacking, Founder, and CEO

  • Lifelong cyclist and builder with a strong technical background built his first electric vehicle at 17

  • Previously: Mechanical engineer and bioengineer at Cambrian Genomics and 10X Genomics, designing chemical production processes and liquid-handling robots 

Kelly Burr, COO

  • 37 years cycling industry experience in product development, sales, and operations with a deep base of industry knowledge and contacts

  • Previously: Lead Marin Bikes to sales upwards of $60M as VP of Operations and VP of Product

Theron Hawly, Lead Product Designer

  • B.S. mechanical engineering, Masters in product design

  • Previously: Designed 3D printers and liquid handling robots

Katrina Mounivong, Business Manager

  • B.S. Biochemistry and business management

  • Previously: Operations experience from the restaurant industry

Why Invest


Veer is advancing the future of local transportation

We’re doing more than just selling a great product.


Our carbon fiber transmissions boost the durability, performance, range, and affordability of light electric vehicles such as eBikes, eScooters, and eMotorcycles, thereby making these modes of transportation both more accessible and more desirable. 


We can’t think of a better way to increase ridership and help cities to move on from cars than to make people actually want to choose another way.

gif

Quick Insert

Offering Summary


Company

:

Hacking Labs

Corporate Address

:

46 Digital Dr., STE. 2, Novato, CA 94949

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$298.88











Terms


Offering Type

:

Equity

Security Name

:

Non-Voting Common Stock

Minimum Number of Shares Offered

:

15,625

Maximum Number of Shares Offered

:

1,671,875

Price per Share

:

$0.64

Pre-Money Valuation

:

$7,542,400.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

Time-Based:

Friends and Family Early Birds

Invest within the first 48 hours and receive additional 20% bonus shares

Super Early Bird Bonus

Invest within the first week and receive additional 15% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares

 

Amount-Based:

$500+ You Rock! Level Up

30% discount on an order, shirt, stickers

$1,000+ We Love You? Level Up

2% bonus shares, 30% discount on an order, shirt, remote control electric motorcycle

$2,500+ Riders LevelUp

5% bonus shares, 30% discount on an order, shirt, remote control electric motorcycle

$5,000+ Owners Level Up

10% bonus shares, lifetime 30% discount on orders, shirt, underwear, remote control electric motorcycle, glorious founder edition trophy

$10,000+ Founders Level Up

15% bonus shares, raffle ticket for 1 of 3 Custom Founder Edition electric bikes with Veer Split Belt, call or meeting with the founding team, first look at upcoming products in development, lifetime 30% discount on orders, shirt, underwear, remote control electric motorcycle, glorious founder edition trophy

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Hacking Labs will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Non-Voting Common Stock at $0.64 share, you will receive and own 110 shares for $64. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$103,625.00 USD
$40,056.00 USD
Cash And Cash Equivalents
$64,234.00 USD
$3,552.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$20,173.00 USD
$10,153.00 USD
Long Term Debt
$124,433.00 USD
$0.00 USD
Revenues And Sales
$107,664.12 USD
$33,665.00 USD
Costs Of Goods Sold
$54,045.00 USD
$9,678.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$130,884.00 USD
-$136,613.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Why is Split Belt Unique? And An Upcoming Innovation Teaser

1 day ago

Dear Partners, 

 

One of the questions we get asked the most is "How is Split Belt different from other belt drives?". 

 

We get into these differences on our campaign page but I wanted to explain some of the technical aspects in my own words in this video. So….. Welcome to my Tech Talk? 

 

Here are some bullet points of why Split Belt is unique:

  • Fits on existing frames without modifying them
  • Any length of belt for complete design freedom
  • Uses strongest carbon available

 

I also answer these important questions below. This is a little teaser of the type of questions you can expect me to answer in the upcoming Investor Q&A Webinar next Tuesday, September 21st. 


  • What makes Split Belt different?
  • Why does the technology mattter?
  • What does that allow the industry to use and move things forward with bike and vehicle design?

 

And something I'm personally very excited about, I give a teaser about our upcoming innovation that would help us expand into the LEV world and push the technology forward… you'll have to watch the video to hear details of what we are working on.😊 


Warmly,

Sean Hacking

#chainlessispainless 🚲

 

P.S. Please excuse my tired face, it was 1AM😅 



Join Veer's Exclusive Investor Q&A Webinar on Tuesday, September 21st!

7 days ago


I wanted to reach out to personally invite you to an exclusive investor webinar Veer is hosting next Tuesday, September 21st at 10 AM PST / 1 PM EST. 


In the webinar, I will be answering questions about Veer, our Split Belt™ technology, and our crowdfunding campaign on StartEngine as a whole!


As a token of our gratitude, we want our one hour conversation to be an opportunity for your investment questions to be answered, and to learn more about how we plan to revolutionize the bike and LEV markets. 


 Save the date, and sign up here! You don’t want to miss this one.


Warmly,

Sean Hacking

CEO

Veer

#chainlessispainless 🚲

A Farewell to Eurobike 🖖

9 days ago

Dear Partners,

Kelly and I are both happy and a little sad to be leaving the Eurobike 2021 Global Show, the largest gathering of bikes and bike nerd professionals on the planet. We got six new OEM bike brands on board who want to set up samples of Split Belt on their bikes! That's plus the five brands we've partnered with in the last couple months, and twenty more that are still in evaluation.

The next step is usually pilot orders for a test run, then full series production.

Another highlight was meeting with existing partners, and all the wheel hub and e-bike motor brands that we are integrating with, making sure Split Belt integrates seamlessly with other components on the market. 

It's been inspiring to see how many products and ideas made it to the show, even if it was much smaller than in the past (due to pandemic). This will be the last show at this airport-turned-convention center, and we’re excited to be at the next one in Frankfurt, Germany in June 2022.

Here is our mugshot, glad and relieved Germany let us through the border.

Thank you for your support and your investment, it means a lot to have people believing in this as much as we do. 

All the best,

Sean Hacking

Notice of Funds Disbursement

14 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, VEER has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in VEER be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Why We're at the Eurobike Show During a Pandemic

14 days ago

Dear Partners,

Two days ago, our COO Kelly Burr and I made the long journey to Southern Germany to visit the largest cycling trade show in the world: Eurobike (where we won an award for top startup a couple years ago).

Why, in this era of Covid and Zoom, would we make such a trek?

Even after recently closing four OEM deals without holding a single meeting in person, I can tell you that Face to Face is not dead, and I'm OK with that. (Covid tests, vaccinations, and masking are required to visit).

We are meeting some of these large customers for the first time here! We are also meeting parts vendors, collaborative partners, and new potential customers. Pitching product managers on the spot, and already have a bunch of new requests to test samples.

Since it was formed, the Eurobike show has always been a place to feel the pulse of the European market. You can wander the massive halls of an old airport and bump into people, products, and ideas you would never see online. Chance encounters and introductions are common. Plus, Europe is not too bad to visit!

And that's why these events are still a key component of our customer acquisition and business development strategy. Digital can be amazing, but it's still not immersive. You can't drink beer from the same tap while getting sunburned by the same Sun together. And oddly enough, that shared sunburn matters a whole lot.

Keep an eye out for more video stories we're sharing from the show! It's fun to see the latest in bikes and all kinds of crazy mobility solutions.


Best,

Sean Hacking


Just Hit 400k Raised! 🌋 With Follow-on Investments

about 1 month ago

Dear Partners,


I'm amazed to report that over four hundred forty of you have showed your belief in our mission by making an investment. This has brought us to an occasion worth celebrating: $400k raised, and still growing! 


I'm also amazed to see how many of you are investing again to up your ownership, sometimes even with three investments! This is one way you can continue to help make this crazy dream reality. The more shares you own, the larger potential returns, and every dollar goes to accelerating our push to build new partnerships and develop the next generation of electric drive solutions.

(If you haven’t upped your investment yet, it's super simple using your existing account and credit card).


A second way you can help is to invite friends to invest alongside you (I know a lot of you have also done this, cool)!


Finally, you can help by sharing bike brands you'd love to us partner with by leaving a comment on the campaign page! It's the best way to keep in touch, and for us to get feedback about what you see for VEER in the future.


Hope you're having a great Summer,

Sean Hacking

Founder & CEO

New Bike Brand Partnership!

about 1 month ago

Dear Partners,

I'm quite excited to give you an early peek into our latest OEM deal! 

(With a very unusual origin.)


March 2020, and the first COVID shutdown orders are crippling economies in the US and Europe. French entrepreneur and strategist Emmanuel Nizard hatches a wild plan.


The supply of medical masks is backed up everywhere, and almost entirely dependent on Chinese production that has also ground to a halt from lockdowns. France has 100 million masks stockpiled, only enough for 1.5 masks per citizen, and practically no domestic production.


Even if the French Government wants to issue a mask mandate, there are simply not enough available in the world for this to be practical.


By March 31st the death toll in France tops 3,000, and President Macron issues a plea for domestic manufacturers to re-tool for protective equipment, with a goal of boosting production from 3.3 million to 40 million masks/week.


Luckily, Nizard already has this wild plan in motion. In just two months, he starts the company Le Masque Francias, hires 150 people, and tools up a factory in Vélizy that can now produce over 400,000 masks every day. 


Obviously, demand for masks swings wildly depending on the current state of infections, making the future of this assembly line uncertain. But building self-sufficiency in critical industries while reinvigorating domestic manufacturing is a French ideal Le Masque Francias intends to uphold. 


And now, Mr. Nizard is betting he to do the same for local transportation as he has for protective equipment. How? With a new E-bike, of course.


Global supply chains are still out of whack, and the bike industry is no different. So Le Masque hunted us down because they know we do what it takes to deliver the highest quality drives about 5X faster than other major players. 


Veer will be the exclusive launch supplier for Le Masque's urban e-bike, and I'm excited to belt them up for this next wave of (much more positive) change. 


Why? There's a couple reasons:

I'm fired-up about supply chain and building in resiliency. Veer is currently "onshoring" more of our production in an effort to speed up manufacturing, lower environmental impact and risk of delays, and maintain fantastic quality. I'm not nationalistic, but I sure do love supporting American manufacturing and jobs while lowering the carbon footprint of our products. 


The leadership at Le Masque Francias are amazing at sourcing and at tooling up production very quickly, which is great to watch and work with, despite the aggressive timetables we are under.


I'm also fired up about all this new bike infrastructure I'm seeing everywhere, and apparently so is France. For example, Paris is currently removing 70% of street parking to install 1,400 km of bike paths. Infrastructure like protected bike lanes make the difference between Biking: a dangerous hobby and Biking: a safe, essential tool. 


Is it working? Looking like it: the number of Parisian cyclists is up over 70% from last spring, with 15% of all trips made by bike in the French capital. 


Biking around European cities happens to be one a of my favorite things to do, so this is dang cool. What else is cool is that soon, you'll be able spot a genu-wine Split Belt in the Wilds of France, making someone's commute safer and more joyful.


Don't Panic,

Sean Hacking

Founder & CEO



Notice of Funds Disbursement

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, VEER has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in VEER be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Four New OEMs in 6 Weeks 🏗️

about 2 months ago

Dear Partners,

You rock. 

Investments on Start Engine have helped us begin implementing Part Deux of our plan of Domination: becoming a trusted supplier to manufacturers like bike brands and assembly factories. We've validated our products selling direct to consumers and distributing aftermarket, but selling in high volume requires Split Belt be sold on new bikes and light vehicles.

Our market timing is good. In six weeks we forged deals with four different brands, are working on deals with four more, and have strong interest from about ten beyond that. 

This is the demand we were looking for, but has caused an unexpected challenge: to fill these orders, we are buying up the entire world's supply of certain materials for the belts. I wish I were joking, but the global supply chain is a mess right now and that's starting to catch up with us.

So far, it's looking like we'll be ok for on-time delivery. But if demand keeps up like this, we will have to bump up our plans to vertically integrate our belt supply, utilizing new designs. This could be tough to pull off quickly, but will be very cool as well.

Excited for growth! And for solving the challenges that come with it. We will announce details of these partnerships when our the brands we are working with are ready to start marketing the latest models.

Be well,

Sean Hacking

Founder & CEO





Patent Party-More Split Belt Features are Patent Pending

2 months ago

Dear Partners,

Some armchair engineers have commented that Split Belt looks similar to some other belt drives, so it must be a simple step to add the V-Link Belt Splice.

Is this true? I wish this were true. The reason we produce the only Split Belt isn't because nobody has thought of a detachable belt, but because it's really, really hard to do right.

We had to develop our own innovations over years of development in order to exceed ISO test standards with a durable compact system that could be mass-produced.

In fact, based on our testing Split Belt is the world's strongest belt and belt link (on a per-width basis in this size class).

We just filed application 68218399 with the US Patent and Trademark Office to protect additional innovations in Split Belt, including in specifics of the V-link splice shape, position of the pins, and the ability to build up different sizes of belt from shorter "modules" in a multiple-split belt configuration.

Intellectual property is an important part of our strategy to dominate in drive systems for bikes and vehicles, see we're excited to expand our IP portfolio and make it that much harder for copycats to cause trouble!

That said, this is not yet a patent "grant", a finalization that can take four to five years on average to reach. In the mean time, we can tell any would-be infringers that they risk legal trouble if they continue producing counterfeits.

Here's a little preview of one of the figures in the filing...(EXCITING)


I hope you are enjoying Independence Day Celebrations! If that's your thing.

Humbly yours,

Sean Hacking

Founder & CEO






Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, VEER has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in VEER be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Why the World Needs Dads 🧔

3 months ago

Dear VEERed Humans,

A lot of you reading this are probably fathers. We got a nice chance to recognize being a dad as one of the most important jobs in the world on Sunday. Thank you for doing the fun things, and the not fun things. For being there during the good times and the not-so-good times. 


It's also a good time to remember not everyone gets a dad, and a lot of dads aren't around for long enough.  In fact, about 20% of kids in the US live with their mother only. (That's a lot of badass moms, but not a heartening statistic, is it?)


It's looking like the world needs all the dads it can get. 


We all need some help, care, and guidance, but there are lot of forms that can take. A lot of roles to be filled, and it's tough for one type of person to fill them all. Untenable to have nobody there to fill them. You can't expect to make it very far with only one tool in your toolbox, and having no tools at all is complete nonsense! (OK that's a weird metaphor, but I do also love tools).


There's no single definition to the role of Father--it's somewhat different in every family and culture. It doesn't need to be a biological or even classically male role. But what we Can say is that in each family, the role of a father is different from that of a mother, or uncle, or friend. Overlapping, but distinct. It takes a dad to fully fill a dad's shoes. 


So Dads: the world needs you.


By now, I've lived longer without mine than with him, but what he passed to me before he passed on couldn't have come from anywhere else. Curiosity, gratitude, patience, mellow certainty, risk-taking, calm authority, outdoorsmanship, a keen eye, to name a few. 


Also: passions for bikes, tools, and craftsmanship. My siblings and I were in backpacks and on bike-shaped-objects before we could walk (also thanks to Mom). 


(Here's a 'Hacking Classic' of my older sister riding along with Dad on a fine day of bike birdwatching.)


Fathers pass down passions that just keep on giving, straight on through our lives. I may not be a dad, but I hope to spread the Joy of Cycling far and wide anyway. 


On Our Way to $400K!? 🤯

3 months ago

To this awesome Community:

I'm amazed to share that a couple days ago we blew past the $300k raised mark, and are racing towards are next milestone @ 400.

It's a great time to get in and join us on this crazy journey because at this level of funding, we can really start to make the investments in growing the company we identified for the funding campaign.

That includes hiring an OEM sales manager to more effectively sell to bike and vehicle brands.

Not to mention building all the infrastructure that makes closing these large business deals more efficient. Product launches, engineering support, documentation, production and pricing improvements, and new tooling all take resources to refine. We are hard at work doing just that. 

Shout out to our Business Manger Katrina and our Mechanical Engineer Theron for helping crush through this massive to-do list so we can make all this happen!

We're currently working with 13 OE Manufacturers (and growing) who have given us orders or an intent to buy Split Belt for use on new bikes. I teased a deal earlier that will be a game-changer for us, but that is sadly delayed on our partner's end, so I'll wait to announce.

I should have been in touch more often about our progress, and I'm sorry about that! It has been crazy around here. I'd like to keep you all looped in more often going forward because there are a lot of exciting things to share (that always seem to take a little longer than I hope for). Our current investors are now a part of it.

For those of you who are following us and waiting to get in: help us make this happen and come be part of it, too. It'll be interesting no matter what. 

Sincerely,

Sean Hacking, CEO


Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, VEER has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in VEER be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

We Love Shiny Things. Do you? ✨

4 months ago

We're home brew, self-taught machinists. I built my first CNC mill from a pile of parts in college, and of course the first functional part I (attempted) to machine was a chainring. She wasn't pretty, but you gotta love your own kids, right?

Turns out that circuit-level knowledge of computer motion control would come in handy when I went to work in Biotech, building liquid handling robots that could crank out DNA from scratch.

It still comes in handy making first parts fast at our machine shop here on the San Francisco Bay. Most companies will wait weeks to months for someone else to produce functional metal prototype parts. We try to be faster than that, sometimes (rarely) achieving same-hour parts hot off the mill.

We've come a long way in our machining education, but it's still so satisfying watching a form we spent hours agonizing over on the computer emerge from a solid block of metal, slowly being released from the prison of a boring cubic shape.

Here we are about halfway though machining out the largest and most complex part on our shifting belt sprocket. When complete, we will have removed 90% of the original material from eight different directions (its hexagonal). 

Can't wait to show you the result! (It lives! It rides! It shifts beautifully, mostly)

Ride fast, live slow. Or something like that.

-Mr. Sean

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, VEER has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in VEER be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Oh Look, That's Us! 😄👌

5 months ago

Check out our little feature in Bicycle Retailer! Metrics on the raise mentioned are little outdated... now @ $230,000... Damn!

https://www.bicycleretailer.com/industry-news/2021/03/29/belt-drive-brand-veer-launches-equity-crowdfunding-campaign#.YIjk-ehKiUk

Should E-bikes Be Regulated Like ATVs? 😲🏍️

5 months ago

There's been some confusion on the classification and regulation of electric bike usage on public lands. Are they just bikes? Should they be treated like dirt bikes and ATV's, since they do indeed have a motor?

Things just got clarified, and it's good news for bike riders and the cycling industry. The Department of the Interior released final rules for electric bicycle use on public lands, and they opted to give local land managers authority to treat E-bikes the same as pure leg muscle bikes.

This update applies to areas under the Bureau of Land Management, National Park Service, Fish and Wildlife Service and Bureau of Reclamation.

What does this mean? In short: better access. In areas facing E-bike restrictions due to old unclear rules, there will now be more options to open trails, more places to ride, and more reasons for people to buy new bikes.

It also means a lot more people riding dirty trails that could really use a maintenance-free VEER belt 😉.

Check out more details here:
https://electricbikeaction.com/e-bikes-no-longer-defined-as-motor-vehicles/

Also, please consider joining or supporting People for Bikes (mentioned in the article). They've done a lot of great work over the years to expand access and accessibility of these lovely rolling machines.
https://www.peopleforbikes.org/

Sneak peek: The "Hill Crusher" 💪⛰️⚒️

5 months ago

Fresh from the oven, our new "bailout" cog gives about 50% easier gearing than our standard speeds. (It hasn't launched yet. Shhhh!).

With a design inspired by acacia trees on the African savannah, and CNC machined from a brick of ultra-hard aluminum, this sprocket is optimized to get you up and over the toughest hills, roots, and logs, especially in off-road and swampy conditions. 

Developed for back country ebikes so powerful they aren't even street legal, you bet she's a bit porky (in all the right places)! 

A welcomed addition to our lineup that can also serve mountain bikers and trekking or urban riders who want even better hill climbing and the ultimate reliability. 

Launch partner coming soon! Who do you think it should be?



VEER Crosses $200K Raised! 🎉

5 months ago

Well, about $220K now.. So great to see the community coming together like this to help move cycling and electric transportation forward! If you're on the fence, now is a great time to get in and keep moving this vision forward.

Keep an eye out this week for some sweet news regarding OEM partnerships and upcoming products! We're putting in the long hours to get these to a point we can give an early peek to investors. I haven't had the time to post as many updates as we wanted, but there is a lot going on this week to share.

Your partner in business,

  Mr. Sean

Final Prototyping on a Game-Changer

5 months ago

Hi! Mr Sean here. 

We crossed the $150k milestone and 170 investors yesterday! It's so amazing to see all this support. Thank you.

The early bird bonus deal is expiring soon, but it's not too late to get in on this much better deal. Check it out before there are no more bonuses!

As we move along in this raise, I wanted to start sharing more about our future products and roadmap. Although a lot of it seems abstracted in the video, I'd like to reassure you we are actually getting close to several exciting product launches, some of which will happen during this funding round.

I know this photo is a bit of a tease, but we want it to be a proper launch so I can't spill all the beans yet! But here I hold in my hand a pre-production prototype part of our shifting belt system. 

Its pretty. Its shiny. It's elegant in it's simplicity, and we've been working our butts off for the past year to get it in the hands of riders like you (it's close).

I can't wait to share more! But for now, feel free to dream about how we can revolutionize the future of electric transportation...together.

Best wishes and health to you all,

Sean



Wow, what a start!

6 months ago


Show More Updates End of Updates

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
Please sign in to post a comment.
Please use Updates for communications.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}