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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.
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.
Gbike , a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
Zoomo, the Australian startup with a mission to electrify delivery fleets through e-bike subscriptions, announced a $12 million interim capital raise on Monday. “Their expectations for quality commercial vehicles, on demand service, flexible financing and tech enabled security features spurred us to innovate.
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. Bowery Valuation raised a $12M Series A for their tech-enabled real estate appraisal platform.
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.
The transaction will enable the combined entity to retain net proceeds of up to $428 million of cash, according to Switchback, which brings $316 million cash-in-trust to the table. Micromobility’s next big business is software, not vehicles. Apollo Investment Corp.
The traditional world of vehicle insurance is not built for newer mobility models, like peer-to-peer, which is currently DigiSure’s bread and butter, or shared micromobility, which the company sees a lot of potential in. Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation.
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. .
Aria writes that it’s not a given, “but the high capital demands of aviation could mean more startups are still looking for a huge injection of cash via the public markets.” Crystal ball says… More e-bikes will hit the shared micromobility space. Better integration of micromobility offerings with public transit.
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.
The rush to grow, outrun, and disrupt runs in the lifeblood of today’s entrepreneurs, driving their fervor and enabling them to capture markets from giants of industries too big to maneuver in a quickly changing landscape. That has been truer for the mobility landscape than most other industries. In your Medium post titled “Sorry, Boys.
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. CurieAi, Inc.
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. Publica is a service that enables authors and content creators to have their own custom storefront to share, market and sell e-books, audiobooks and any other types of digital content with no intermediaries,” CEO Pablo Laurino tells TechCrunch.
The investors: Boaz Dinte , managing general partner, Qumra Capital. Adi Levanon Chazan , partner, Flint Capital. Noam Kaiser , partner, Intel Capital. Boaz Dinte, Qumra Capital. Riskified makes e-ommerce easier and safer and enables a thriving e-commerce environment. Rafi Carmeli , partner, Viola Growth.
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.
“The partnership enables us to scale from being a producer that does individual production runs of some number of bikes to a point where we can get into rolling production and scale that up to thousands and potentially tens of thousands of vehicles,” Katherine Sandford, Ubco’s CEO and executive chair, told TechCrunch.
The company has already enabled more than 28 million people in over 120 countries to kick start and scale their businesses online. The world’s first AI-powered logo design and branding platform, Tailor Brands makes it simple to create a unique online brand identity with no design experience and get up and running in minutes.
and will be listed on the Nasdaq Capital Market under the new ticker symbol, “HLBZ.” ” The transaction includes $30 million PIPE anchored by institutional investors and approximately $80 million in net proceeds will be fed into Helbiz’s micromobility and advertising businesses, which have 2.7 million users.
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. Invest Now.
With the apparent demise of Bolt Mobility, the divide between technology businesses and those that are merely tech-enabled is back at the forefront of our minds. Once a key point of discussion when the IPO market was alive , today we’re sifting through what is left of the micromobility sector, now freshly depopulated to a new local maximum.
The round included Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X and Sketchnote Partners. Supan and Marquez are childhood friends who started an e-commerce enabler in 2017. The next big market opportunity for micromobility is commercial, not consumer. million in seed funding.
From Divvy to Brex to Ramp to Airbase to Teampay , investors have poured capital into startups working to help companies better track and manage their spend. The startup’s potential has caught the eye of more than General Catalyst, a well-known venture capital firm. The rest of the capital came later in the year.
So if we build the infrastructure, we enable them to access these huge potential savings.” Swobbee , a Berlin competitor, is doing something similar in Europe with smaller micromobility vehicles.). But first, Leoparda has to figure out how to enable users to swap their own batteries. The company just closed an $8.5
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.
“Enabling freemium, especially for established products, can bring organizational and operational challenges even if it adds value to the business,” writes Konstantin Valiotti, product director of growth at PandaDoc. We’ve got your ticket to ride an e-scooter : Lyft wants to reshape shared micromobility with dockable e-scooter.
We’ll kick off mobility month with a TechCrunch Live event focused on building a better mobility fintech startup featuring Rachel Holt of Construct Capital and Caribou CEO Kevin Bennett. Meanwhile in the land of shared micromobility. TC Live, which is free, will be live-streamed beginning 11:30 a.m. See ya next week!
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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