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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.
Swobbee, a Berlin-based startup that’s working on commercializing battery swapping for micromobility vehicles, has raised a $6.5 million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that’s supported by the European Union.
Understanding the key developments that helped advance micromobility over the past several years can give us valuable insights not only into where the industry is headed, but about how we can successfully shape it to meet the needs of hundreds of millions of current and future riders around the world. . #1:
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.
“This deal allows us to deepen our partnership with Joby, the clear leader in this field, to accelerate the path to market for these technologies.” ” These tools and new team members will be invaluable to us as we accelerate our plans for commercial launch.”
Shared micromobility company Tier Mobility said on Wednesday it has acquired Fantasmo , a U.S.-based Fantasmo has other micromobility operators in its portfolio, including Helbiz. based computer vision-powered e-scooter parking startup whose tech Tier had been trialing in multiple cities in Europe.
The coronavirus pandemic has accelerated plans to transform European cities — and prioritize bikes over cars. How four European cities are embracing micromobility to drive out cars. “It will help us get 10 million people on our bikes in the next five years,” co-founder and CEO Taco Carlier said in a statement.
. “And then kind of dispassionately looking at what is the technology that accelerates our first product to market and then amplifying that — whether it’s from the existing Aurora team or to the new Aurora team — and pushing that forward, whether it’s ideas or code or bits of hardware together to accelerate our time to market.”
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.
Tier Mobility, the German micromobility giant that recently acquired Spin from Ford , is laying off 16% of staff, or 180 people, according to a LinkedIn post by CEO Lawrence Leuschner. Leuschner also noted that he’s committed to helping those who were laid off find new roles.
Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. At the time, Bear said the move would help accelerate the company’s path to profitability via its strategy of pursuing exclusive or limited vendor markets.
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.
This strategy began to take shape after Uber’s public market debut in May 2019 and accelerated last year as the COVID-19 pandemic put pressure on the ride-hailing company.
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.
But now, cities are really promoting more options for mobility, specifically micromobility, because micromobility is preferable when you are in the open-air environment, and you don’t face the public health challenges of public transport with people being close to each other.”. And some would say for the better.”.
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.
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.
“Our work with these companies will be guided by our role as a leading global innovator of next-generation products, technologies and services as we help them accelerate their growth and deliver positive impact to the world.” Sokwoo Rhee, senior vice president for innovation at LG Electronics.
million, to deepen its micromobility presence in Australia, New Zealand, South Korea, the U.K. Dig deeper with oligochaeta for your data : Mozart data just orchestrated a $15 million round to help startups build a sensible data stack. He’s a real straight scooter : Singapore’s Neuron raised a $43.5 and Canada.
Populus has contracts with more than 80 cities, including Oakland, San Diego and Tel Aviv, and works with more than 25 micromobility operators. Why micromobility may emerge from the pandemic stronger than before. Co-founder and CEO Regina Clewlow said their aim is to triple the number of cities over the next 18 months.
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.
That doesn’t do anything for the city, and it doesn’t accelerate any transition. At this point, we’re sort of waiting for COVID to be over officially until we really start to think about expanding our micromobility footprint. . “The way we think about stations is at scale.
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.
Superpedestrian acquires Navmatic to enhance e-scooter safety OurCrowd electric scooter operator Superpedestrian has acquired Navmatic, a startup that helps micromobility operators locate vehicles and correct their movements in real time, TechCrunch reports. hours of work), and lost about 1.6
meter coworking office space where majority of our portfolio companies and accelerator program companies sit on a daily basis. At TAU Ventures, the majority of our portfolio and accelerator companies sit next to us at our 1,000 sq. Gaviti is a SaaS company that specializes in receivable collections acceleration. More than 50%?
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. Ukraine crisis: We need new food technology. NYT: Freightos has answers for supply-chain woes.
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. Ukraine crisis: We need new food technology. NYT: Freightos has answers for supply-chain woes.
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. . It’s all very mysterious. Rebecca Bellan. A little bird. Deal of the week.
In light of the micromobility industry’s growing popularity, the Japanese government has been proactive in loosening e-scooter regulations to further stimulate this sector, Kate reports. Three more from the TC+ team: We got this : Workers are wary — but also optimistic — about AI , writes Kyle.
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.” Aria has more. So what happens when you are good at what you do? The company is now eyeing an initial public offering.
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. You also can send a direct message to me at Twitter — @kirstenkorosec.
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?
Both micromobility and telemedicine seem very crowded at this point, and we believe the current market leaders in these sectors will become the winners. Our advice has been to secure a long runway for some companies, whereas other companies have accelerated because of the shifts caused by COVID-19 and need to run even faster.
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