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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?
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.
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. .
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.
“You have to consider three metrics: gross churn rate, the magic number and gross margin ,” says Tae Hea Nahm, co-founder and managing director of Storm Ventures. For perspective, they analyzed data from Dealroom and spoke to four VCs about the continent’s investment climate: Diana Koziarska, SMOK Ventures.
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.
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.
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.
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.
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. Venturecapital at scale. Rowe Price Associates, Inc., Rowe Price Associates.
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. Smart home security startup Kangaroo raised a $10M Series A from Greycroft Ventures. 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.
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 venturecapital firm Neo. CEO Dara Khosrowshahi has dismantled the everything-but-the-kitchen-sink approach as he pushes the company toward profitability.
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 VentureCapital, an existing Bolt investor.
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
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.
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.
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.
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.
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.
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. .
It’s fundraising season for venture funds, apparently! 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.
“Once you’ve already raised a bunch of ventures, you’re kind of building a business for venture scale, whereas if you are bootstrapped … you can be really really opportunistic about what that right time is,” he told Natasha Mascarenhas. Will once-bootstrapped startups turn to venture during a watershed moment?
MAX started out in 2015 as a delivery startup using motorcycles to fulfil customer orders before venturing into ride-hailing, and later into vehicle subscription and financing services – solutions it came up with based on the data from its first services.
I covered Up.Labs — an entity that’s structured like a venture lab with a new kind of financial investment vehicle — when it launched last June with Porsche as the inaugural partner. Ah, yes, “desperation” among some companies running low on capital. million in a pre-seed round led by Brooklyn Bridge Ventures.
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!
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.
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.
Putting your money into one of these leading companies could produce incredible returns over time for venture, institutional, and retail 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.
The investors: Boaz Dinte , managing general partner, Qumra Capital. Daniel Cohen , partner, Viola Ventures. Ben Wiener , partner, Jumpspeed Ventures. Inbal Perlman , partner, TAU Ventures. Dror Nahumi , partner, Norwest Venture Partners. Sharin Fisher , partner, Fort Ross Ventures. Let the vaccine go!
Are founders in fundraising mode short-sighted when it comes to working with Chinese venture funds ? ” Is it so bad to take money from Chinese venture funds? Advanced rider assistance systems: Tech spawned by the politics of micromobility. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
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.
It’s hard to pin down where Shein is from,” answered Richard Xu from Grand View Capital, a Chinese venturecapital firm. Image Credits: MaC VentureCapital / Wonderschool. Rebecca Bellan interviewed Veo CEO Candice Xie about the micromobility startup’s “old-fashioned way” of doing business. “I
It’s the new venture of Adam Zhang , the hardware co-founder of Lime, the shared e-scooter company that is gearing up for an IPO ; Xiao Xiaotao, who managed Lime’s hardware R&D; and Sun Zhen, former chief designer of Chinese ride hailing giant Didi’s shared-bike program.
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.
million in Series B funding, co-anchored by global venture firms GSR Ventures and Square Peg. 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.
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.
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. New investors include Ben Bear, Derrick Ko, and Zaizhuang Cheng of micromobility company Spin. The startup is still small, with just 11 full-time employees.
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. In 2020, SkyDeck — along with much of the rest of the world — went virtual.
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