Véco
Véco is a Montreal-based technology platform that provides intelligent on-demand collective transport, corporate transport management, event transport, and consumer city tours across Quebec, using proprietary dispatch, route optimization, and Revenu Québec-compliant taxi software.
- Company typePrivate
- Founded2017
- HeadquartersMontréal, Canada
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Véco does
Véco is a Montreal-based technology company that operates a cloud-based intelligent transportation management platform covering on-demand collective transport, corporate transport, event transport, and consumer city tours across Quebec, Canada. Founded in 2017 following Quebec's Bill 17 taxi reform and led by President Yung Cuong and General Director Pierre Lopez, the company built its core platform around real-time dispatch, route and passenger optimization, automated course distribution, a virtual taximeter, and citizen mobile applications. Its regulatory-facing technology includes the SEV (Solution d'enregistrement des ventes) for Revenu Québec tax compliance and integration with SAAQ-verified drivers, complemented by the Dôme Véco driver certification program that mandates recent electric or hybrid vehicles.
The company serves four primary customer segments: municipalities, MRCs (regional county municipalities), and transport organizations seeking on-demand collective mobility for citizens (with pilots in Thetford Mines); corporate enterprises needing centralized, eco-friendly employee and client transport management (including Port de Montréal); event organizers in Montreal; and taxi drivers/fleets requiring compliance and dispatch tooling. The consumer-facing VECO TOUR brand offers guided Montreal city tours at fixed price points ($160–$300 CAD). The team is intentionally lean at 4–5 employees, and in 2020 the company acquired Flexpro to consolidate its development capacity.
Véco monetizes through a mix of usage-based and contractual fees for municipal collective transport, free corporate membership with volume-based rebates, per-booking transaction fees on VECO TOUR, subscription/recurring licensing for the SEV compliance product, and event transport contracts. Distribution is primarily direct, combining enterprise field sales for municipal and corporate accounts, self-serve web/mobile booking for corporate users and consumers, and partner-channel deployment with local transport operators. The company is privately held, appears to be founder-financed with no disclosed external funding, and operates solely in Quebec.
Véco firmographics
Firmographics- Name
- Véco
- Legal name
- Véco
- Website
- https://vecotaxi.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Véco is a Montreal-based technology platform that provides intelligent on-demand collective transport, corporate transport management, event transport, and consumer city tours across Quebec, using proprietary dispatch, route optimization, and Revenu Québec-compliant taxi software.
- Ownership category
- akta.pro rank
Véco industry classification
Industry- Product category
- On-Demand Transportation Services
- NAICS
- Taxi and Ridesharing Services (485310), Transit and Ground Passenger Transportation (485), Other Transit and Ground Passenger Transportation (48599), Limousine Service (48532)
- SIC
- Transportation Services (4700), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- App-Based Ride-Hailing Platforms (TNCs) (THAIAGAB)
- akta.pro secondary industries
- Full-Service Corporate Travel Management Companies (Global/Regional TMCs) (THACAAAA), Enterprise/Global Account Corporate TMCs (THAKACAD), Corporate Booking Platforms & Online TMCs (THAKAAAG)
Keywords
Where Véco is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Véco business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- On-Demand Collective Transport Services: Turnkey transport service for municipalities, MRCs, and transport organizations. Charges based on trips, usage, or contractual arrangements for providing flexible, efficient, and economical mobility solutions to citizens.
- Corporate Transportation Management: Platform-based service for managing employee, client, and partner professional transportation with automated billing, real-time tracking, and centralized data management.
- VECO TOUR City Tours: Direct-to-consumer guided city tours in Montreal offered at fixed price points ($160-$300 depending on duration). Revenue from per-booking fees for tourism experiences.
- SEV (Sales Recording Solution) Licensing: Compliance technology for taxi drivers to record sales according to Revenu Québec regulations. Generates real-time reports and amounts linked to tax obligations.
- Event Transportation Services: Comprehensive event transport solutions in Montreal including shuttle services, group transport, hourly service, and valet services. Pricing adapted to customer needs and events.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Tour Citadin - 2 hours covering Vieux-Montréal, Centre-Ville, Sommet du Mont-Royal |
| Transaction based/ take rate | Pay-as-you-go | Tour Découverte - 3 hours covering Jardin Botanique, Pont Jacques-Cartier |
| Transaction based/ take rate | Pay-as-you-go | Tour Immersif - 4 hours covering Montreal grand format, Stade Olympique, Circuit Gilles-Villeneuve |
| Transaction based/ take rate | Pay-as-you-go | Tour Histoire - 4 hours covering Basilique Notre-Dame, Oratoire Saint-Joseph, Cathédrale Marie-Reine-Du-Monde |
| Subscription | Annual | Corporate membership with volume-based rebates |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Véco product offering
Product offeringCore offering
Véco provides a turnkey intelligent mobility platform that delivers on-demand collective transport for municipalities and MRCs, corporate transportation management, event transportation, and consumer city tours (VECO TOUR). The platform is supported by proprietary compliance technology (SEV for Revenu Québec), a virtual taximeter, and an automated dispatch system, with an eco-friendly fleet of electric and hybrid vehicles operated across Quebec.
Product overview
Véco is a Quebec-based technology ecosystem offering a unified mobility platform with multiple integrated services. The core offering consists of the On-Demand Collective Transport solution (a turnkey platform for municipalities featuring automated route optimization, citizen mobile app booking, real-time dispatch, and reporting dashboards) complemented by Corporate Transport, Event Transport, and Véco Tour services. Supporting technologies include the SEV (Sales Recording Solution) for Revenu Québec compliance, Virtual Taximeter for automatic fare calculation, Automated Dispatch for driver assignment, and the Dôme Véco driver certification program. The platform is accessible via a Corporate Web Platform and mobile applications (both corporate and citizen-facing). These products share a common technology infrastructure enabling real-time data synchronization between drivers, control centers, and users.
Differentiator
Problem solved
Functional benefit
Brands
- VECO TOUR: City tour experience in Montreal offering guided tours in eco-friendly vehicles with pre-programmed itineraries showcasing iconic and hidden gems of the city
Products and services
- Transport Collectif à la Demande (On-Demand Collective Transport) Turnkey on-demand collective transport solution for municipalities, MRCs, transport organizations, and transport companies. Features automated route optimization and passenger grouping, mobile app booking for citizens, real-time vehicle tracking, and reporting dashboards covering performance and cost-per-trip analysis. Particularly suited to rural, peri-urban, and low-density areas where traditional fixed-route transit is uneconomical.
- Transport Corporatif (Corporate Transport) Enterprise transportation management solution featuring an intuitive booking platform, priority access to electric vehicles, automated invoicing, real-time trip tracking, and centralized expense management with complete account visibility. Targets companies that need to manage employee, client, and partner professional transportation while reducing administrative tasks.
- Transport Événementiel (Event Transport) Complete event transportation solution in Montréal offering shuttle services, group transport, hourly transport, and valet services with a fleet of electric vehicles and hybrid minivans operated by certified professional drivers. Targeted at corporate events, festivals, congresses, and private gatherings.
- Véco Tour (City Tours) Direct-to-consumer guided city tour experience in Montréal aboard an ecological vehicle with pre-programmed itineraries showcasing iconic landmarks and hidden gems. Offers four tour options including Tour Citadin (2H, $160), Tour Découverte (3H, $230), Tour Immersif (4H, $300), and Tour Histoire (4H), bookable online at fixed prices.
- Solution d'Enregistrement des Ventes (SEV)
Quantifiable outcome
- Improved vehicle occupancy rates through route optimization and passenger grouping
- +3 more outcomes
Companies that use Véco
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
Véco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature9 records
Véco partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FlexprocoreStrategic collaboration initiated in 2019 to develop a solution combining collective transport and sales recording. Following the pandemic, Véco acquired Flexpro and integrated some of its developers to continue developing the unified technology platform. This partnership was fundamental in creating Véco's integrated transportation technology solution.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Véco competitors and assessment
Company assessmentBroad incumbents
- Moovit: Moovit is a mobility-as-a-service platform offering public transit data, trip planning, and on-demand integration with transit agencies globally. Comparable to Véco in the mobility platform space, addressing similar passenger-facing mobile app use cases for transit riders.
- Uber: Uber operates globally as an app-based ride-hailing platform and is active in the Montreal market. While Uber competes broadly rather than in Véco's municipal and SEV-compliance niches, it competes directly for corporate transport, event transport, and city-tour consumer demand in Montreal.
- Curb Mobility: Curb Mobility (formerly Curb) provides taxi-hailing technology and payment infrastructure for taxi fleets and drivers in North America, including app-based booking, dispatch, and payment processing. Comparable to Véco's SEV, virtual taximeter, and automated dispatch stack serving taxi drivers in Quebec.
- Optibus: Optibus is a transit optimization software platform serving public transit agencies with scheduling, routing, and on-demand planning. Comparable to Véco as a transit-agency software provider, though Optibus focuses on fixed-route and large-scale urban transit rather than rural on-demand collective transport.
- Lyft: Lyft is a major North American ride-hailing platform with broad consumer and corporate transport offerings. Comparable to Véco as an app-based ride services incumbent, though focused on North American urban markets rather than the Quebec on-demand collective niche.
Direct peers
- Padam Mobility: Padam Mobility is a European on-demand transit software provider for rural and peri-urban areas, offering real-time booking and dynamic routing for transit authorities. Compares to Véco's core on-demand collective transport product targeting low-density Quebec municipalities.
- Via Transportation: Via operates a leading on-demand shared-ride and microtransit platform used by transit agencies and municipalities worldwide. Véco's on-demand collective transport solution for Quebec MRCs and municipalities directly competes for the same B2G procurement budgets and addresses similar rural/peri-urban use cases.
- Spare Technology: Spare provides a microtransit platform enabling transit agencies to launch on-demand services with real-time booking, routing, and driver apps. Spare is a direct peer to Véco's Transport Collectif à la Demande offering for Quebec municipalities and MRCs.
Regional players
- Téo Taxi: Téo Taxi operates an electric taxi fleet in Montreal and competes directly with Véco's corporate, event, and tour transport services in the Quebec market. Both companies emphasize eco-friendly electric fleets and target similar premium corporate clients in Montreal.
- Taxi Coopérative de Montréal: Taxi Coopérative de Montréal is a long-established Montreal taxi cooperative representing a large share of the Quebec taxi driver base that Véco serves through its SEV, virtual taximeter, and dispatch products. It is a key channel partner and indirect competitor for driver supply in the Montreal market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Véco social profiles
Digital presenceVéco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Véco leadership team
Management profileNumber of profiles
Profiles4 records
Véco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Véco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Véco
What does Véco do?
Véco provides a turnkey intelligent mobility platform that delivers on-demand collective transport for municipalities and MRCs, corporate transportation management, event transportation, and consumer city tours (VECO TOUR). The platform is supported by proprietary compliance technology (SEV for Revenu Québec), a virtual taximeter, and an automated dispatch system, with an eco-friendly fleet of electric and hybrid vehicles operated across Quebec.
Is Véco a public or private company?
Véco is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Véco founded?
Véco was founded in 2017. It employs 1 to 10 people.
Where is Véco based?
Véco is headquartered in Montréal, Canada, in the North America region.
How does Véco make money?
Five revenue lines are on record. On-Demand Collective Transport Services are the primary driver. The others are corporate Transportation Management, VECO TOUR City Tours, SEV (Sales Recording Solution) Licensing and event Transportation Services.
Who are Véco's main competitors?
Broad incumbents on record are Moovit, Uber, Curb Mobility, Optibus and Lyft. Direct peers are Padam Mobility, Via Transportation and Spare Technology. Regional players are Téo Taxi and Taxi Coopérative de Montréal.
Does Véco have an API?
No public API is recorded for Véco.
What industry is Véco in?
Véco's product category is On-Demand Transportation Services. Its primary akta.pro industry code is THAIAGAB, App-Based Ride-Hailing Platforms (TNCs), with a secondary code of THACAAAA, Full-Service Corporate Travel Management Companies (Global/Regional TMCs). Its NAICS code is 485310 and its SIC code is 4700.