YEGO is a self-driven vehicle-sharing platform that utilizes a mobile application to facilitate on-demand access to electric vehicles in urban areas. By providing an eco-friendly transportation alternative, YEGO addresses the need for convenient and sustainable mobility solutions in cities like Barcelona, Valencia, and Bordeaux.
Funding
$11.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many urban areas lack convenient and eco-friendly transportation options, leading to increased traffic congestion and pollution. Existing public transportation may not always be readily accessible or suitable for spontaneous trips, and owning a personal vehicle in a city can be expensive and impractical.
Solution
YEGO provides a self-service, app-based platform for accessing shared electric vehicles, offering a sustainable and flexible transportation alternative within urban environments. Users can locate, reserve, and operate electric scooters via a mobile app, paying only for the duration of their usage. This service reduces the need for personal vehicle ownership, alleviates parking challenges, and promotes environmentally conscious commuting. YEGO's electric scooters come equipped with two helmets, enabling users to share rides with a passenger.
Target Audience
YEGO targets urban residents and tourists seeking convenient, eco-friendly, and affordable transportation for short-distance travel within city limits.
Features
- Mobile app for locating, reserving, and unlocking available electric scooters
- Geofenced operational area within each city to define permitted usage zones
- Integrated payment system that charges users based on the duration of their ride
- Two helmets provided with each scooter to accommodate a driver and passenger
- Electric vehicle fleet maintained and recharged by YEGO
- Speed limit of 50 km/h for safe urban travel
- User account validation requiring a driver's license, ID, and payment method
- 15-minute complimentary reservation window to reach the selected scooter