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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.
Amid the chaos of the COVID-19 pandemic and the murky path to profitability for shared electric micromobility, an increasing number of companies have turned to subscriptions. But will this new playbook push the unit economics of micromobility in a positive direction? And what will determine which companies win at the subscription game?
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.
Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. During its early days, Dott positioned itself as a capital-efficient, sustainable e-scooter company. Belgium-based investment company Sofina is leading the investment.
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. .
As layoffs tear through the startup world, the micromobility industry, which has long struggled to be profitable, is getting hit. Just a couple of weeks after Bird laid off 23% of its staff , the next round of industry layoffs is affecting Voi and Superpedestrian, according to LinkedIn posts from former and current employees.
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.
Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. That debt will convert into shares automatically when Lime goes public.
Startups and investors are turning to micromobility subscriptions. “Amid the chaos of the COVID-19 pandemic and the murky path to profitability for shared electric micromobility, an increasing number of companies have turned to subscriptions,” Rebecca Bellan writes in a roundup about the future of micromobility.
The European e-scooter market is currently the main battleground for companies playing in the micromobility space, taking advantage as they are of Europe’s relatively compact cities and the desire of populations to move to more sustainable transportation. In 2021, players like Tier, Voi and Dott continued to raise VC backing. and Europe.
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.
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.
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.
The announcement also provided new information about a previously undisclosed $208 million, which Bird raised privately as part of an April 2021 Senior Preferred Convertible equity offering led by Bracket Capital, Sequoia Capital and Valor Equity Partners. Micromobility’s next big business is software, not vehicles.
Bolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have vanished without a trace from several of its U.S. The company acquired in January 2021 the assets of Last Mile Holdings , which owned micromobility companies Gotcha and OjO Electric.
The round is being led by D1 Capital Partners, with participation also from Darsana Capital Partners. We are excited to partner with Bolt as they continue to build a market-leading mobility platform across Europe and Africa,” said Dan Sundheim, founder of D1 Capital, in a statement. France, South Africa and Nigeria.
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.
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. ” The acquisition was funded in part by Fuel Venture Capital, an existing Bolt investor.
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.
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. The startup has just announced a $60 million Series B fundraise, money it aims to use to transform the way companies look at last-mile delivery.
million (€6 million) Series A funding round led by Baloise VC with XAnge as well as existing investors RATP Capital Innovation and Ponooc also participating. Cities have also changed their rules over time and are embracing micromobility in different ways. How four European cities are embracing micromobility to drive out cars.
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. DigiSure is still new, so there’s room to grow, says Shim. valuation.
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
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.
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.
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. Rowe Price Associates, Inc., The SPAC issued an additional 12.7
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.
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.
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. .
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.
You’ll also have time to explore the show and hear speakers from game-changing companies share trends and insights on air mobility, micromobility, investing, cybersecurity, autonomous vehicles and more. A full day of online networking and demos — expand beyond the confines of the San Mateo County Event Center and achieve global reach.
TC Sessions: Mobility 2021 will feature an incredible lineup of speakers, presentations, fireside chats and breakouts all focused on the current and future state of mobility — like EVs, micromobility and smart cities for starters — and the investment trends that influence them all.
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.
Companies like electric scooter providers Lime and Bird have raised tons of capital to change how the urban population gets around, but that growth has come at the cost of a bottom line still in the red. So it’s striking to see electric scooter company Veo take a different approach to the business. That was pretty bold. . Thank you!
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.
Today, Haje has been running around at Micromobility America. They insist on using the MMA acronym, so he’s expecting a fist to the face any moment, but so far the only risk of injury has been from neck-breaking micromobility in the form of electric rollerblades. Ivan has more. Startups and VC.
Whether you’re focused on air taxis, autonomous vehicles, electric vehicles, micromobility, robotics or other boundary-pushing tech, you’ll connect with influencers who can help move your startup needle in the right direction. TC Sessions: Mobility 2022 takes place on May 18-19 in in San Mateo, California, with a virtual component on May 20.
The startup’s CEO and co-founder Frank Reig didn’t place the entire blame on the COVID-19 pandemic, which has caused ridership to fall across shared micromobility services as well as public transit, for the company’s decision. million in capital raised in October 2019 in a Series A round led by Ibex Investors.
Verticals where an incredible amount of investor capital was committed and even the ‘best/surviving’ companies ended up consuming a tremendous amount of dollars. Micromobility Scooters. As a venture investor these are especially painful because they fail slow, burning a lot of capital and time and hope along the way.
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. That’s real money. “They don’t have to give up any equity.
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.
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.
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