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Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Advanced rider assistance systems: Tech spawned by the politics of micromobility. Singapore’s micromobility startup Beam raises $26 million.
As layoffs tear through the startup world, the micromobility industry, which has long struggled to be profitable, is getting hit. This is part of a company wide effort to reduce our costs and accelerate the path to profitability,” reads a statement from Superpedestrian.
Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital. Growing a company like VanMoof is a capital-intensive business. How four European cities are embracing micromobility to drive out cars.
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. “If anything, this accelerates our objectives,” he said.
Micromobbin’ The North American Bikeshare and Scooter Association released its 2021 shared micromobility state of the industry report — and it has some interesting findings. Trips on e-scooters accounted for 49% of total trips taken on shared micromobility. 63% of riders said they used micromobility to connect to public transit.
Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and piloted by Postmates X, has raised seed funding in a round led by venture capital firm Neo. TechCrunch reported in January that a deal was being shopped to investors.
Exhibiting your early-stage startup at TC Sessions: Mobility 2022 in San Mateo, California on May 18-20 is one of the fastest ways to discover new opportunities and accelerate your growth potential. A full day of online networking and demos — expand beyond the confines of the San Mateo County Event Center and achieve global reach.
Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. “We Attending a remote startup accelerator is absolutely worth it.
GoTo Global, an Israeli mobility company that offers shared micromobility and car sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange through a merger with shell company Nera Tech Media.
Crypto-focused Dragonfly Capital officially announced its third fund , weighing in at $650 million. million Series B round, bringing its total capital investment to $77.7 million, to deepen its micromobility presence in Australia, New Zealand, South Korea, the U.K. Lightspeed India Partners announced a half-billion-dollar fund.
Several micromobility companies once operated in my city, but consolidation has reduced that to a small handful. This in-depth industry analysis shows how increased regulation on the local level and changing consumer habits are pushing micromobility providers to adapt and innovate. Image Credits: TechCrunch/Bryce Durbin.
The investment will enable us to transform the lives of hundreds of thousands of drivers across the continent, accelerate international expansion, and continue our pioneering initiatives in the mobility space,” said MAX co-founder and CEO Adetayo Bamiduro. Chinedu Azodoh is the startup’s other co-founder.
Nova itself is a counterpoint to profit-focused corporate venture capital outfits, and is instead focusing on abilities to collaborate with the LG conglomerate across the board, in a few key verticals: the metaverse, connected healthcare, smart homes, electric vehicles (EV) and the wonderfully fuzzily named tech for good.
Now, surging demand for delivery — and the pressure it places on curb space — is helping the transportation data startup attract new capital and expand to more cities. Populus plans to use that capital to expand to more cities, growth that the company believes will be driven by demand for street and curb management.
That app also included micromobility and ride-hailing information, allowing customers to not just look up bus schedules, but see how they might get to and from stops — or ignore the bus altogether. The COVID-19 pandemic could accelerate this trend as more people continue working from home or shy away from crowding into buses and trains.
The investors: Boaz Dinte , managing general partner, Qumra Capital. Adi Levanon Chazan , partner, Flint Capital. Noam Kaiser , partner, Intel Capital. Boaz Dinte, Qumra Capital. We are particularly interested in technologies that do not require too much time and capital to get to market.
The round is led by strategic investor GoDaddy with participation from OurCrowd and existing investors Pitango Growth, Mangrove Capital Partners, Armat Group, Disruptive VC, and serial entrepreneur Richard Rosenblatt. The company is raising a $50M Series C at a $150M pre-money valuation. hours of work), and lost about 1.6
Join this $20M Series A Round led by Cardumen Capital and Varana Capital. The threat to global food and energy security and sudden price hikes triggered by the Russian invasion of Ukraine highlight the urgency of accelerating new innovations to solve these problems, I told Hadley Gamble on CNBC International. In vest Now.
Join this $20M Series A Round led by Cardumen Capital and Varana Capital. The threat to global food and energy security and sudden price hikes triggered by the Russian invasion of Ukraine highlight the urgency of accelerating new innovations to solve these problems, I told Hadley Gamble on CNBC International. In vest Now.
Bolt had appeared to be on an upward trajectory last year after acquiring the assets of Last Mile Holdings, which opened up 48 new markets to the micromobility operator. However, there’s also space to push micromobility companies to provide more protections. . a special purpose acquisition company led by Callaway Capital with $146.6
Startups and VC Greycroft, the self-styled “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments across new funds, Kyle reports. But seriously, it is a cute compact hatchback electric vehicle meant to navigate the country’s tight mobility needs. Jagmeet has more.
Success breeds IPO : Shared vehicle company Lime reported its first profitable year, with Rebecca writing that “Lime has figured out how to make shared micromobility a sustainable business.” “Capital is more expensive now than it’s been in years,” he writes in TC+. Aria has more.
Micromobbin’ I don’t want to get ahead of myself here, but are we close to reaching the point of no return on our micromobility revolution? All of the stars appear to be aligning towards the potential for exponential growth in micromobility adoption. The round was led by SoftBank Vision Fund 2 and Enlightenment Capital.
It’s the shared micromobility operator that has gained a rep for growing at a steady, sustainable pace, rather than moving fast and breaking things? NABSA ’s fourth annual state of shared micromobility report shows that ridership in North America has returned to pre-pandemic levels. Micromobbin’ You remember Veo , right?
The Nordic countries make up just 4% of Europe’s total population, but they account for a significant amount of venture capital investment. One investors we spoke to said Norway is “becoming a major hub, with scale-ups and international capital incoming much faster these days.” Kjetil Holmefjord , partner, StartupLab.
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