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Micromobility startup Voi has raised $45 million, funds it says will be used to research and develop technology that will improve safety, keep users from riding on sidewalks and ensure scooters are properly parked.
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. . Why micromobility may emerge from the pandemic stronger than before.
The desire to achieve something as simple as keeping shared electric scooters off sidewalks has driven the development of some advanced technology in the micromobility industry. “It exists in this world where riders kind of have to do things that aren’t that great for others, because they have nowhere else to go.
Understanding the key developments that helped advance micromobility over the past several years can give us valuable insights not only into where the industry is headed, but about how we can successfully shape it to meet the needs of hundreds of millions of current and future riders around the world. . #1:
Register Japan unveiled its latest development on its “Startup Development Five-year Plan” started in November 2022. This ecosystem boasts a comprehensive array of tailored support programs designed to empower domestic and international entrepreneurs as they navigate the intricacies of startup development.
Hunting down a beat-up-looking shared electric scooter that has the germs of goodness-knows-who all over the handlebars is not Unagi’s idea of sexy shared micromobility. To start, Unagi will have six vehicles at the Hoxton, another six at Nap York, eight at one Common Luxury location and 12 vehicles across three Yard locations.
Last year, Uber and Joby, which is developing an all-electric, vertical take-off and landing passenger aircraft, signed on as a vehicle partner for Uber’s Elevate initiative. In the spring, Uber led a $170 million funding round in micromobility startup Lime. As part of the deal, Lime acquired Uber’s micromobility subsidiary Jump.
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. Singapore’s Neuron Mobility has raised a $43.5
Zoomo also wants to build up its consumer model, which mainly serves couriers but is extending to commuters, and will invest in the development of its next generation of vehicle offerings. “We It also launched a new subsidiary to finance the vehicles, along with its software, to shared micromobility providers.
SMART’s METL tire is the first fruit of the startup’s work with NASA’s Glenn Research Center, where NASA engineers Dr. Santo Padula and Colin Creager first developed their so-called “shape memory alloy” (SMA) technology. Image Credits: NASA. 5 consumer hardware VCs share their 2021 investment strategies.
.” In conversation with Managing Editor Eric Eldon, Su delved into several issues, including tips on how founders should discuss growth with investors, and her methods for developing a sample qualitative growth model. Startups and investors are turning to micromobility subscriptions. Image Credits: Bryce Durbin.
Shared micromobility company Tier Mobility said on Wednesday it has acquired Fantasmo , a U.S.-based Fantasmo has other micromobility operators in its portfolio, including Helbiz. Bird developed a similar tech in-house. With Tier’s backing, that number will likely grow, but not just for Tier’s benefit.
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. When I look towards 2022, we have an opportunity to deepen that relationship with riders.”
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 startup says it is in talks with a range of micromobility and car-sharing operators that might be interested in diversifying their fleets with a compact, smart vehicle. Shared micromobility companies are beginning to add electric mopeds to their fleets of e-scooters and e-bikes. Kwh each and a collective range of about 62 miles.
Last year, TechCrunch’s Natasha Lomas and I wrote a comprehensive overview of key policy developments in four major cities — Paris, Barcelona, London and Milan. How four European cities are embracing micromobility to drive out cars. VanMoof is now benefiting from these policy shifts.
Tier Mobility, the German micromobility giant that recently acquired Spin from Ford , is laying off 16% of staff, or 180 people, according to a LinkedIn post by CEO Lawrence Leuschner. Last month Lyft let go of 2% of its staff, or about 60 employees , as it shut down its in-house car rental program.
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.
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. It plans to ramp up research and development in the San Francisco Bay Area and expand its market reach through new partnerships.
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. Sidewalk Labs is facing a number of lawsuits over privacy and data issues related to the Waterfront Toronto project.
Anderson is best known for leading the development and launch of the Tesla Model X and the automaker’s Autopilot program. In the past year, Uber has dumped shared micromobility unit Jump, sold a stake in its growing but still unprofitable logistics arm, Uber Freight and acquired Postmates. What Aurora values.
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.
Tortoise started by equipping electric scooters with cameras, electronics and firmware that allow teleoperators in distant locales to drive the micromobility devices to a rider or deliver it back to its proper parking spot. The company still remains bullish on its initial application in micromobility.
Graham Gullans, VP Business & Corporate Development, Superpedestrian. Gullans is hopeful that the pandemic will also push the sector to become more cost-efficient and develop in additional locations, including in smaller cities and towns. Michael Dick, CEO, C2A Security. Adi Pinhas, CEO, Brodmann17. Watch the full episode here.
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. Although, the company was already developing its own line of e-bikes that it plans to launch later this year. Image Credits: Bolt Mobility.
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. That said, with this funding round, Zoomo wants to start developing light vehicles to address parcel delivery and other urban last-mile form factors.
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.
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.
Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. The technology was developed by Hurd’s CTO, Charles Cai. Image Credits: EndoCrine Bio, Inc. Image Credits: Humm.
The company is currently trusted by thousands of businesses across six continents in a variety of verticals, including healthcare, micromobility and manufacturing. With this new round of funding, Hologram plans to further develop its proprietary connectivity management technology and grow across key use-cases.
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.
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.
Aurora more recently said it reached an agreement with Volvo to jointly develop autonomous semi-trucks for North America. ” Investors Clara Brenner, Quin Garcia and Rachel Holt on SPACs, micromobility and how COVID-19 shaped VC. This story is developing. The SPAC issued an additional 12.7
Finally, i f you, like me, are curious about how micromobility platforms are unlocking profits, and what tech is enabling this, you’re going to want to pay attention to this one. Voi says it has just reached 100 million micromobility rides across 80 cities in less than four years. . Other deals that got my attention….
Volta said it will also use some of the funding to continue developing smaller 7.5- tonnes of CO2 by 2025, the company claims — but have significantly better visibility (220 degrees, with the driver sitting in the center of the front seat) for its drivers.
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.
Runa Capital’s Asia business development manager Denis Kalinin studied data from iTjuzi, a database of Chinese venture capitalists, and found: “…Chinese funds invested around $250 billion in 2020 (three times higher than the figure reported in Crunchbase). Is India’s BNPL 2.0 set to disrupt B2B?
Metro Transit dropped its internal trip-planning app, which had been developed with the Trapeze Group and directed riders to Transit, a private third-party app that offers mapping and real-time transit data in more than 200 cities. Instead, it embraced its competitors.
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. Honda patented a new type of airbag for motorcycles that hugs a riders torso, rapidly detaches and inflates during a crash.
These companies often have lengthy, sizable fundraising rounds and years-long product development timelines, which means they’re particularly vulnerable to external market forces. Startups that are trying to create scalable solutions to the slow-rolling climate disaster we’ve created for ourselves are not so resilient, however.
Increasingly, cities are choosing to limit the number of micromobility operators by awarding long-term contracts to the best operators which prioritize managing e-scooters and e-bikes in a sustainable and responsible way. The company also increased its global footprint with city launches in the United Kingdom and South Korea.
With half of its 74 employees working on R&D, the company develops its motor and battery management system (BMS) in-house, setting itself apart from most brands that assemble parts from original equipment manufacturers (OEMs). Between November 2022 and February 2023, its number of retail partners grew from 21 to 144.
While Moovit has integrated with various forms of new mobility lately, including a handful of micromobility companies , this is the first time the startup has integrated with an autonomous shuttle, as well as the first time Moovit users in the U.S. It has the potential to expand ever more into Lake Nona and other cities in the U.S.
DUCKT – Universal charging infrastructure solution dedicated to micromobility vehicles: bikes, e-bikes and scooters. Roving Blue – Develops products featuring Power of EO3®, a new way to dissolve ozone into the water, to kill unwanted microorganisms in water, foods and surfaces. Tanvas, Inc.
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