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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.
“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.
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.
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
shared her advice for entrepreneurs who are focused on climate and sustainability: “If your business activities have produced desired results and repeatable cycles — like developing a new product and distributing it through local markets — then you are ready to multiply.” “They don’t have to give up any equity.
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.
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. Here’s how to avoid that situation.
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 realized it was incredibly difficult to maintain this sustainability ethos,” Baker said. .
billion at the same price per share as the company’s previous financing in November of 2021. ” Via has also been able to show investors that it’s got a sustainable business. The fresh capital pushes Via’s valuation up to $3.5 “Potentially we’d be interested in control access, also. .
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?
In Norway, sustainability-focused companies. Both micromobility and telemedicine seem very crowded at this point, and we believe the current market leaders in these sectors will become the winners. Leading support and growth financing initiatives: Innovation Norway, funds, etc.
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