SARASOTA, FL — There will soon be a new way for residents and visitors to get around the city — on an electric bike or scooter available through a new sharing service.

Sarasota City Commissioners gave the green light to new micro-mobility transportation options at their Monday meeting when they unanimously approved a deal with Veo, a provider of electric scooters and car sharing. Chicago-based bikes.

The company will serve as the exclusive operator in designated areas of Sarasota, the city said in a news release. The service is expected to launch in early March.

Initially, Veo will offer between 350 and 400 seated and standing scooters, and 50 to 75 traditional and pedal-assisted bicycles for rental. The company has the flexibility to increase its rental fleet if usage requirements are met.

City staff will begin assessing areas in Sarasota where scooter and bicycle corrals can be operated via geolocation and establishing parking corrals, the city said.

The scooter rental fee will be $1 to unlock via mobile app and 37 cents per minute. Bike rental will be 50 cents per half hour. Through its Veo Access program, the company also offers discounted rates to low-income users who qualify.

The city will receive a share of the company’s revenue as part of the two-year deal.

“We are thrilled to bring these convenient, safe and cost-effective transportation options to Sarasota,” said Mayor Erik Arroyo. “Having a micro-mobility program will help fill the gaps in our transportation network for first and last mile journeys to help our citizens get where they want and need to go. I look forward to this transformative and successful partnership with Veo.

As part of the deal, the company has pledged to employ local staff who will be available to repair and replace vehicles, return scooters and bicycles that are misplaced to parking lots, and respond to any issues, the company said. town.

“Many of the biggest companies in the industry have responded to the call for vendors in the city, but we have been very impressed with Veo’s plan to make it a true partnership and meet the unique needs of our community,” said said Mark Lyons, general manager of the parking division.

Veo operates in more than 35 cities across the country, including St. Petersburg and Gainesville, Florida.

“Our goal at Veo is to develop long-term, collaborative partnerships with cities like Sarasota, to work together to create a sustainable, safe and equitable transportation future,” said Candice Xie, CEO of Veo. “Sarasota is a fantastic market for residents as well as tourists, and Veo e-scooters and bikes provide eco-friendly options that bridge the gap between public transportation, passenger vehicles, and walking.”

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