In a context where the electric vehicle began to gain expression at an international level, opportunity was sensed to conceive a vehicle that could overpass in matters of efficiency the available solutions in the market until then. With the experience and the knowledge acquired since 2005 in the development of the first Veeco, VE movedf orward towards a QREN call in 2009. An approved call for the research and development of an high efficiency electric car, is today a partnership between VE - Fabricação de Veículos de Tracção Eléctrica, Lda. and Instituto Superior de Engenharia de Lisboa (ISEL) labeled by EUREKA.

By the end of the 3 years of the project, two prototypes will be developed, the Veeco RT 1 Series and 2 Series, being the price announced in the 2nd semester of 2012. The first units for sale to the public will be available from mid-2013.