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European e-scooter and micromobility startup Dott raises $85 million

TechCrunch

Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. Belgium-based investment company Sofina is leading the investment.

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Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot

TechCrunch

The $75 million investment comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020 , Uber said. In the spring, Uber led a $170 million funding round in micromobility startup Lime. To date, Joby Aviation has raised $820 million.

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Zoomo raises $12 million to expand e-bike subscription offerings

TechCrunch

“Their expectations for quality commercial vehicles, on demand service, flexible financing and tech enabled security features spurred us to innovate. It’s a tall order, and Zoomo’s strategy could be leading a new trend in micromobility of being a one-stop shop that promises quick scalability.

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Lime raises $523M as it prepares to go public

TechCrunch

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.”

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Voi scooters raises $115M Series D round as it preps to enter new cities — and for an IPO

TechCrunch

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.

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UrbanTech News Roundup

Dream It

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. On Construction Technology Over 1.5

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Bird to go public via SPAC, at an implied value of $2.3B

TechCrunch

and MidCap Financial Trust provided an additional $40 million asset financing. Micromobility’s next big business is software, not vehicles. Micromobility startup Helbiz to go public via a SPAC, and will expand into ghost kitchens. Apollo Investment Corp.