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Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others.
million Series B round, bringing its total capital investment to $77.7 The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. Neuron isn’t the only micromobility company that is pursuing limited vendor permits and a slower, more organic growth plan.
Zoomo, the Australian startup with a mission to electrify delivery fleets through e-bike subscriptions, announced a $12 million interim capital raise on Monday. With $11 million in fresh capital, Bolt Bikes rebrands to Zoomo. Micromobility’s next big business is software, not vehicles.
.” In conversation with Managing Editor Eric Eldon, Su delved into several issues, including tips on how founders should discuss growth with investors, and her methods for developing a sample qualitative growth model. Startups and investors are turning to micromobility subscriptions. Image Credits: Bryce Durbin.
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.
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.
Other topics on our list for this year include exploring the opportunities and challenges for urban air companies and cities, the dual paths companies are taking to commercialize autonomous vehicle technology, cybersecurity, micromobility, self-driving trucks and autonomous delivery. How to Unlock Profits in Micromobility.
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. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 What Aurora values.
Other topics on our list for this year include exploring the opportunities and challenges for urban air companies and cities, the dual paths companies are taking to commercialize autonomous vehicle technology, cybersecurity, micromobility, self-driving trucks and autonomous delivery. How to Unlock Profits in Micromobility.
Micromobility scooter docking startup Charge is betting that a boom in e-scooters and electric bikes will increase the need for charging stations around cities. Co-living startup Ollie is in talks to raise $50M in new funding, making it the most capitalized co-living startup. seed round.
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. It plans to ramp up research and development in the San Francisco Bay Area and expand its market reach through new partnerships.
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding. France, South Africa and Nigeria.
PRIMECAP Management Company, Reinvent Capital, XN, Fidelity Management and Research LLC, Canada Pension Plan Investment Board, Index Ventures and Sequoia Capital, as well as strategic investments from Uber, PACCAR and Volvo Group. Venture capital at scale. This story is developing. Rowe Price Associates, Inc.,
Bolt Mobility , the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, is expanding to 48 new markets after acquiring the assets of Last Mile Holdings. Although, the company was already developing its own line of e-bikes that it plans to launch later this year. Image Credits: Bolt Mobility.
Other topics on our list for this year include exploring the opportunities and challenges for urban air companies and cities, the dual paths companies are taking to commercialize autonomous vehicle technology, cybersecurity, micromobility, self-driving trucks and autonomous delivery. How to Unlock Profits in Micromobility.
Bullpen Capital, NextView Ventures, and Mucker Capital also participated in the round. The company is currently trusted by thousands of businesses across six continents in a variety of verticals, including healthcare, micromobility and manufacturing.
The startup will use the funds to hire more than 50 engineers, data scientists, business development, insurance and compliance specialists, as well as scale into new industry verticals and across into Europe. million pre-Series A funding round. DigiSure is still new, so there’s room to grow, says Shim. valuation.
Zoomo, the Australian startup that builds e-bikes and offers micromobility subscriptions to gig workers and couriers, wants to be the next disruptive electric vehicle company. That said, with this funding round, Zoomo wants to start developing light vehicles to address parcel delivery and other urban last-mile form factors.
I’m interested in hearing what investors from Intel Capital , GM Ventures and Snow Bull Capital have to say about the industry and what strategic mobility investors are looking for in a startup. Voi says it has just reached 100 million micromobility rides across 80 cities in less than four years. . Electric vehicles.
New York-based Luxor Capital, which led the company’s €37 million Series B in September 2021 , is also leading this round. Real estate investment firm Byggmästare Anders J Ahlström (like Volta, based in Stockholm), supply chain services giant Agility, and B-FLEXION (formerly Waypoint Capital) also participated.
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.
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. The technology was developed by Hurd’s CTO, Charles Cai. Image Credits: EndoCrine Bio, Inc. Image Credits: Humm.
Even so, she interviewed founders at a handful of bootstrapped startups and found that “even if they don’t want to,” some “may choose to turn to venture capital to get to the next level of sales” or keep hiring on track. Priyanka Srinivas, co-founder and CEO of food tech startup Live Green Co., That’s real money.
Other investors included Redpoint China Ventures, Fosun RZ Capital and Uphonest. “We also have relatively good payment terms with our suppliers so we can achieve rapid growth with less capital,” he adds. “These are all important factors that are key to a successful consumer business with a healthy cash flow.”
Runa Capital’s Asia business development manager Denis Kalinin studied data from iTjuzi, a database of Chinese venture capitalists, and found: “…Chinese funds invested around $250 billion in 2020 (three times higher than the figure reported in Crunchbase). Is India’s BNPL 2.0 set to disrupt B2B?
The team at Micromobility Industries has put together a helpful database of all the known micromobility subsidies in the world to help consumers find financial assistance for their small EV. Ah, yes, “desperation” among some companies running low on capital. Lyft has ended its bikeshare service in Minneapolis.
The fresh capital will fuel Neuron’s unique international expansion strategy, which is laser-focused on winning highly prized competitive tenders, according to the announcement. This vertically integrated approach – which differs from most other shared micromobility companies – allows Neuron to innovate quicker and more efficiently.
Metro Transit dropped its internal trip-planning app, which had been developed with the Trapeze Group and directed riders to Transit, a private third-party app that offers mapping and real-time transit data in more than 200 cities. Instead, it embraced its competitors.
The UAE-based international venture capital firm, Global Ventures, also took part in the round, as did existing investors Novastar Ventures, and Proparco, the French development finance institution, through their Digital Africa initiative.
The company, which developed video analytics technology to monitor and manage curbsides for cities, said in February it had raised $1.2 million in a seed round led by Quake Capital, Techstars Ventures, Kevin Uhlenhaker (the co-founder & CEO at NuPark, which was acquired by Passport) and Baron Davis.
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. Tanvas, Inc.
The biggest deal this week had to have been German micromobility operator Tier’s acquisition of Spin from Ford. Regardless, this deal not only gives Tier the highest city count of any micromobility operator, but it also gives Tier access to the U.S. Deal of the week. Tier had tried to enter the U.S.
The new cash will be put toward acquisitions, more hiring and product development. Micromobility ain’t looking so hot these days, either, unfortunately. Carv, which came to venture capital by way of Kickstarter, claims its product can be retrofitted to any boot. billion valuation, reflecting its sustained growth.
“GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online,” says Andrew Morbitzer, vice president of corporate development at GoDaddy. “We We are excited to invest in Tailor Brands — and its team — as we believe in their vision. hours of work), and lost about 1.6
Oops : Bird, a micromobility company, told the Securities and Exchange Commission that it had included unpaid customer rides in its revenue, thus having overstated that particular number for two years. Oh no, Quix is developing event-driven applications with Python. The real-time data startup grabbed $12.9
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. The Series A funding round, which follows permit awards in Santa Monica, San Diego and New York, will be used to expand Veo’s fleet and focus on developing city and community partnerships.
“In late November, OurCrowd, Israel’s most active venture capital fund, became the first to open up offices in the UAE for direct investment in Emirati companies,” Thomas Grove notes in the Wall Street Journal , reporting on the Israeli Prime Minister Naftali Bennett’s historic visit to Abu Dhabi this week. Read more here.
The Singapore-based startup announced today it has raised a $12 million Series A led by Sequoia Capital India, with participation from Trail Mix Ventures and Alteria Capital. The round also included returning investors Nordic Eye Venture Capital and Motion Ventures. million in seed funding. “The
Join this $20M Series A Round led by Cardumen Capital and Varana Capital. As transportation costs go up, it is critical that we support micromobility solutions like shared bikes and scooters, which provide affordable ways to travel in Chicago without needing a car,” says Mayor Lori Lightfoot. In vest Now.
Join this $20M Series A Round led by Cardumen Capital and Varana Capital. As transportation costs go up, it is critical that we support micromobility solutions like shared bikes and scooters, which provide affordable ways to travel in Chicago without needing a car,” says Mayor Lori Lightfoot. In vest Now.
Indian crypto regulation : Under its G20 presidency, India has said it will look to prioritize the development of a framework for the global regulation of unbacked crypto assets, stablecoins and decentralized finance, writes Manish. Redefining ‘founder-friendly’ capital in the post-FTX era. Startups and VC. Requires TC+ subscription.).
The San Francisco-based startup has developed an API for precise location that can be applied to any vehicle that moves, from urban air taxis and drones to scooters, ADAS-equipped vehicles, autonomous vehicles and even farm equipment. The 20-person company is now focused on expanding to new segments, including micromobility.
The fresh capital pushes Via’s valuation up to $3.5 Either through in-house development or mergers and acquisitions, Via wants to use the funds to add more products to its suite of tools. billion at the same price per share as the company’s previous financing in November of 2021.
Micromobbin’ A range of 15-minute grocery delivery companies are cropping up around the world, and they’re fueled by gig workers on micromobility vehicles. In some less bleak news, Spin did some research on mode-shifts and found about 25% of trips on the company’s micromobility vehicles replaced private or rideshare car trips.
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