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. 

We believe most electric scooters, electric motorcycles, and other forms of light electric vehicles still use the same outdated metal chain drives that were designed for manual bikes 140 years ago.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

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.

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.

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.

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*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. 

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.

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. 

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*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.

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.

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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

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.

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