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
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.
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.
“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.
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.”
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.
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
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.
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.
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.
The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years. The startup introduced vehicle financing in 2018, and in just over two years, CFO Guy-Bertrand Njoya told TechCrunch, the churn rate by drivers affiliated to them has crashed to “close to zero.”. “We
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.
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.
US startups seeking funds shouldn’t overlook financing from the government. ” US startups seeking funds shouldn’t overlook financing from the government. Priyanka Srinivas, co-founder and CEO of food tech startup Live Green Co., ” 5 tips for scaling your green startup during a funding drought.
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 new round boosts the one-year-old startup’s total financing to $12 million. Brad Bao, Lime’s current CEO, and Toby Sun, the mobility company’s former CEO, both participated in Velotric’s Series A financing round. Off the back of its $7.4 expansion with its privately owned e-bikes.
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.
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 an online component on May 20.
Startups and VC In a major blow to shared micromobility companies, Paris has voted to ban rental e-scooters from its streets, Rebecca reports. AI startup Fourthline locks down $54 million to bring better ID checks and compliance tools to the finance sector, Ingrid reports. Carly has more. Who are ya? :
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 an online component on May 20.
Oops : Bird, a micromobility company, told the Securities and Exchange Commission that it had included unpaid customer rides in its revenue, thus having overstated that particular number for two years. Singapore, get your exotic taste buds ready : Vow, an Australian-based cultured meat company, gobbled up $49.2
When shared micromobility companies expand, they often just offer different vehicles. All we needed to do was finance some e-bikes, and then you have another line of business. We are focused on building out these business lines and our moped business as well and very much looking forward to what is to come.
Micromobility is feeling the pain as well. billion loan from the agency to help it finance the construction of new lithium-ion battery cell manufacturing facilities. You can also email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions, or tips. You also can send a direct message to @kirstenkorosec.
Originally announced in the Spring of 2021, the company raised an $85 million Series B round — it was a mix of equity and asset-backed debt financing. Dott is a European micromobility startup that is better known for its scooter-sharing service. Dott competes with several micromobility startups in Europe.
GM Vice President of Innovation Pam Fletcher is in charge of the company’s startups that tackle “electrification, connectivity and even insurance — all part of the automaker’s aim to find value (and profits) beyond its traditional business of making, selling and financing vehicles,” Kirsten Korosec writes. Image Credits: Bryce Durbin.
Japanese shared micromobility startup Luup has raised $30 million (4.5 billion yen) in a Series D financing round, which consists of 3.8 Luup has now amassed a total of $68 million in equity, debt, and asset financing to date, at what sources said valued the firm at over $100 million.
Fintech (specifically embedded finance or financial SaaS), synthetic bio. Areas such as vertical banking, embedded finance, compliance as a service and consumer finance consistently get overlooked by young Israeli founders. Micromobility, autonomous car sensors. Yonatan Mandelbaum, TLV Partners. More than 50%?
and MidCap Financial Trust provided an additional $40 million in asset financing. Fidelity Management & Research Company will lead the deal’s $106 million in private investment in public equity, or PIPE. Apollo Investment Corp. Disclosure: Apollo is buying TechCrunch’s parent company.).
Shared micromobility company Luup has raised $8 million (1 billion yen) in debt and asset financing to meet the growing demands of Japan’s micromobility market, which according to a recent report , is projected to reach $11.6 Securing those spaces represents a unique kind of land grab for micromobility companies in Japan.
Indian crypto regulation : Under its G20 presidency, India has said it will look to prioritize the development of a framework for the global regulation of unbacked crypto assets, stablecoins and decentralized finance, writes Manish. Startups and VC. Recall this : Catherine writes that Recall.ai The deals totaled nearly $154 billion.
has raised $3 million in financing from Base10 Partners. The San Francisco-based startup uses services like ClimeCo and BlueSource to source and aggregate offset projects that companies can finance. “We live this problem ourselves. EcoCart represents a solution that is helping reverse decades of harmful climate change.
Hold your horses, er, unicorns, folks. Time is running out on a serious savings opportunity. We refer, of course, to early-bird pricing on passes to TC Sessions: Mobility 2022 , which takes place in-person on May 18-19 in San Mateo, California, with an online component on May 20.
billion at the same price per share as the company’s previous financing in November of 2021. The company said it ended 2022 with an annualized revenue run-rate surpassing $200 million, which is more than double since its previous $130 million financing round in November 2021. The fresh capital pushes Via’s valuation up to $3.5
Kyte, the startup that delivers rental cars to customers’ doors , has raised $200 million in asset-backed credit financing from Goldman Sachs and Ares Global Management, money the company will use to pay for new vehicles that will fuel its expansion. Kyte, which is currently in 13 U.S.
If you’re itching to get your game-changing product out of the garage, onto the streets or into customers’ driveways, we not-so-humbly suggest that you do whatever it takes to attend TC Sessions: Mobility 2022 in San Mateo, California on May 18-19.
Swobbee , a Berlin competitor, is doing something similar in Europe with smaller micromobility vehicles.). Sarvary says that’s about 50% of what couriers typically spend on vehicle financing, gas, insurance and other expenses. ” The next big market opportunity for micromobility is commercial, not consumer.
If you’re itching to get your game-changing product out of the garage, onto the streets or into customers’ driveways, we not-so-humbly suggest that you do whatever it takes to attend TC Sessions: Mobility 2022 in San Mateo, California on May 18-19.
Micromobbin’ A range of 15-minute grocery delivery companies are cropping up around the world, and they’re fueled by gig workers on micromobility vehicles. In some less bleak news, Spin did some research on mode-shifts and found about 25% of trips on the company’s micromobility vehicles replaced private or rideshare car trips.
In light of the micromobility industry’s growing popularity, the Japanese government has been proactive in loosening e-scooter regulations to further stimulate this sector, Kate reports. Let’s take a look at the best of the rest: Say again? :
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. .
Not much else matches the fast, evolving pace of mobility technology. It’s revolutionizing the way we move people, as well as parcels both big and small, and it’s simultaneously reshaping the present and future of industries, cities and towns around the world.
Not much else matches the fast, evolving pace of mobility technology. It’s revolutionizing the way we move people, as well as parcels both big and small, and it’s simultaneously reshaping the present and future of industries, cities and towns around the world.
Micromobbin’ Before we dive in, I just wanted to spotlight a piece from TechCruncher Annie Saunders on why micromobility might only ever just be a fun way to get around , rather than something that can truly augment public transit. You also can send a direct message to @kirstenkorosec. Check it out (TechCrunch+ subscription required).
Micromobbin’ I don’t want to get ahead of myself here, but are we close to reaching the point of no return on our micromobility revolution? All of the stars appear to be aligning towards the potential for exponential growth in micromobility adoption. You also can send a direct message to me at Twitter — @kirstenkorosec.
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