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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 micromobilitystartup 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 micromobilitystartup, 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 micromobilitystartup 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. The startup doesn’t work with third-party logistics providers.
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.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 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.
Early-stage startups tend to claim that their go-to-market strategy is fully operational. Finding GTM fit is a milestone for any startup that includes everything from expanding the engineering team to launching your first media buy. These simple metrics will tell you if your startup is ready to scale. Senior Editor, TechCrunch.
Zoomo, the Australian startup with a mission to electrify delivery fleets through e-bike subscriptions, announced a $12 million interim capital raise on Monday. Now, the startup hopes to expand its service outward toward continental Europe and other states across the U.S.
Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC. . Venture capital at scale.
Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Subscribe to access all of our investor surveys, company profiles and other inside tech coverage for startups everywhere. The investors: Boaz Dinte , managing general partner, Qumra Capital. Boaz Dinte, Qumra Capital.
Amsterdam-based startup VanMoof has raised a $128 million Series C funding round. Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital. Overall, if you add it all up, the startup has raised $182 million in total.
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.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
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. Along with demo space, a $725 Early-Stage Startup Demo Package includes: Four event passes to help your team maximize time and opportunities.
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.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
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.
Nigerian mobility tech startup Metro Africa Xpress Inc. ( The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Chinedu Azodoh is the startup’s other co-founder.
One bright light amidst the gloom: Startups that generate enough revenue to drive steady growth will find many investors willing to take their calls. One bright light amidst the gloom: Startups that generate enough revenue to drive steady growth will find many investors willing to take their calls. That’s real money.
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. Self-driving car startup Optimus Ride will deploy self-driving vehicles in the enclosed campus of the Brooklyn Navy Yard. seed round.
Bird, the shared electric scooter startup that operates in more than 200 cities across three continents, said Wednesday it is going public by merging with special purpose acquisition company Switchback II with an implied valuation of $2.3 It’s a rarity amongst scooter startups, which face notoriously high overhead.
And yes, it absolutely has affected the the transportation sector, specifically the hundreds of startups within the sector. A number of automakers ( Porsche , VW , Mercedes-Benz ), startups (where do I begin?) French startup Upway has launched its online marketplace that sells refurbished e-bikes in the U.S.
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.
Bolt Mobility, the Miami-based micromobilitystartup 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.
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
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
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.
Bolt Mobility , the Miami-based micromobilitystartup 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.
Startup of the Week: GoDaddy bets on Tailor Brands. The Startup Nation’s startup government. Startup of the Week: GoDaddy bets on Tailor Brands. Join us on Sunday to meet the CEO of Tailor Brands , a fast-growing startup backed by GoDaddy and other top-drawer investors, as noted in TechCrunch. Introductions.
Meet Vianova , a French startup that is building a data platform for shared mobility companies as well as local governments. 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. It has raised a $6.4
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.
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. .
A number of startups such as Coord and curbflow have popped up in recent years, all aiming to solve this supply and demand problem. One entrant, the three-year-old startup Automotus , is beginning to rack up deployments in zones within cities like Santa Monica, Pittsburgh, Bellevue, Washington and Turin, Italy.
This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 Part 4: Drama and quirk aren’t necessary for startup success. Micromobility’s next big business is software, not vehicles.
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. More SPAC deals. The f&%!, you might be thinking.
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 want to make the most of your time at this one-day virtual intensive featuring interactive presentations with the mobility industry’s top movers, shakers and startup dream makers, amirite? Mobility mavens, June 9 will be here before you know it, and that means it’s time to get your strategy ducks in a row for TC Sessions: Mobility 2021.
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.
Startups and VC. MassMutual Ventures closed a $300 million fund to back Asian and European startups. 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 and Canada. . “They tend to get ripped off.”
Startups and VC. 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. million Series A in July.
Startups are the embodiment of frenetic action. 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. That has been truer for the mobility landscape than most other industries.
This two-day deep dive — dedicated to mobility tech, early-stage startups and the investors who fund them — is a prime networking opportunity you don’t want to miss. Looking for a co-founder to help you build your mobility-centric startup? TC Sessions: Mobility 2022 goes big, live and in-person on May 18-19 in San Mateo, California.
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