This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
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. “That’s the only way to run both a sustainable business as well as a responsible service in a city in the long run.”
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.
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.
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!
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. Image Credits: Serve Robotics.
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. This results in operational cost reduction by eliminating the need to replace their existing fleet and yields a safer, more efficient and sustainable transportation system,” CEO Raghavender Sahdev tells TechCrunch. The Hurd Co. The Hurd Co.’s
It is another milestone in our journey to make mobility safe, affordable, accessible, and sustainable by deploying high-performance technologies and operators. As part of its catalogue of services, MAX plans to build electric vehicle infrastructure in its new markets, with the intention of introducing EVs to its emerging clientele. “It
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.
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.
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.
It’s hard to pin down where Shein is from,” answered Richard Xu from Grand View Capital, a Chinese venture capital firm. Image Credits: MaC Venture Capital / Wonderschool. Veo CEO Candice Xie has a plan for building a sustainable scooter company, and it’s working. Why Amazon should pay attention to Shein.
billion valuation, reflecting its sustained growth. MasterClass , the platform that sells subscriptions to celebrity-led classes, cut 20% of its team — roughly 120 people — to “get to self-sustainability faster.” Micromobility ain’t looking so hot these days, either, unfortunately.
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. Veo, which was founded in 2017, has sought venture funding a bit later in the game than other micromobility companies.
We were just trying to make the world a more efficient, enjoyable and sustainable place, but looking back it was a huge blessing. Anyone can become a delivery driver with no upfront capital investment,” London Cohen said. The beauty of it is you don’t have to worry about charging a bike or locking a bike,” New York Cohen said.
When you think about shared micromobility, Veo isn’t exactly the first company that comes to mind. It’s not as widespread as competitors like Voi, Tier and Lime, and it hasn’t raised nearly as much in venture capital. That is, if CEO and co-founder Candice Xie is to be believed. In June 2021, Veo was in 22 markets.
As shared e-scooter companies have infiltrated cities and e-bike sales have soared, micromobility has been offered up as a panacea to save us all from the ill humors and packed streets caused by gas-guzzling cars. ” This article has been updated with a quote from Thiel Capital. . Nimbus closed a $4.7
The fresh capital pushes Via’s valuation up to $3.5 ” Via has also been able to show investors that it’s got a sustainable business. On-demand shuttle service and transit tech company Via has raised another $110 million, bringing the company’s total funding to around $1 billion.
Evette Ellis and Ben Schippers took to the main stage at TC Sessions: Mobility 2021 to share how their companies capitalized on the new opportunities presented by the electric transportation revolution. Investors Clara Brenner, Quin Garcia and Rachel Holt on SPACs, micromobility and how COVID-19 shaped VC. Image Credits: TechCrunch.
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.” “Capital is more expensive now than it’s been in years,” he writes in TC+. Aria has more.
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?
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.
We organize all of the trending information in your field so you don't have to. Join 24,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content