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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. The Series B brings Beam’s valuation up into the triple digits, says CEO and co-founder of Beam Alan Jiang who declined to provide exact numbers. .
Travis VanderZanden is the founder and CEO of Bird. From vehicle design and data to safety reporting and infrastructure, these five innovative moments have helped fuel the global growth of shared e-scooters and are helping lead cities into a healthier, more sustainable future. #1: Travis VanderZanden. Contributor. Share on Twitter.
Swobbee, a Berlin-based startup that’s working on commercializing battery swapping for micromobility vehicles, has raised a $6.5 million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that’s supported by the European Union.
The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. “That’s the only way to run both a sustainable business as well as a responsible service in a city in the long run.” The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K.
We initially built our products to service the demands of gig workers in the food delivery industry,” Mina Nada, Zoomo CEO and co-founder, said in a statement. 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 micromobility companies have been adopting startlingly advanced new tech to correct for the thing that cities hate most — sidewalk riding. The new version, called PathPilot Lite, will do much of the same, except it will be more integrated, better and cheaper, says Drover’s co-founder and chief business officer Alex Nesic.
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.
Veo’s approach reflects its co-founder and CEO Candice Xie’s belief that transportation is not an industry that allows companies to scale rapidly and turn a big profit within a year, and especially not if it’s going to make sense for a city. In your Medium post titled “Sorry, Boys. That was pretty bold. . Thank you!
Other investors included Uber as well as Lee Jacobs and Cyan Banister’s Long Journey Ventures, Western Technology Investment, Scott Banister, Farhad Mohit and Postmates co-founders Bastian Lehmann and Sean Plaice. Uber planning to spin out Postmates’ delivery robot arm. Image Credits: Serve Robotics.
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. This results in operational cost reduction by eliminating the need to replace their existing fleet and yields a safer, more efficient and sustainable transportation system,” CEO Raghavender Sahdev tells TechCrunch. The Hurd Co. The Hurd Co.’s
“It is another milestone in our journey to make mobility safe, affordable, accessible, and sustainable by deploying high-performance technologies and operators. Chinedu Azodoh is the startup’s other co-founder.
. “ If you’re a bootstrapped company who is not yet on the treadmill , you have that kind of optionality or that ability to choose when to get on,” says Cavan Klinsky, co-founder of payments processor Healthie. Priyanka Srinivas, co-founder and CEO of food tech startup Live Green Co., That’s real money.
This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 Several micromobility companies once operated in my city, but consolidation has reduced that to a small handful.
“Every time a recurring meeting is added to a calendar, a kitten dies,” says Chuck Phillips, co-founder of MeetWell. Before an exit, founders must get their employment law ducks in a row. Before an exit, founders must get their employment law ducks in a row. Here’s how to avoid that situation.
billion valuation, reflecting its sustained growth. MasterClass , the platform that sells subscriptions to celebrity-led classes, cut 20% of its team — roughly 120 people — to “get to self-sustainability faster.” Micromobility ain’t looking so hot these days, either, unfortunately. . You can sign up here.).
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. Veo, which was founded in 2017, has sought venture funding a bit later in the game than other micromobility companies. Bird, Lime and Veo selected for NYC e-scooter pilot.
At the time, founder and CEO Horace Luke told TechCrunch the company would focus its expansion plans on dense Asian cities where two-wheeled vehicles are already popular. The news follows Gogoro’s public debut via a SPAC merger last month.
“We were one day in, we had just raised a bunch of money and we were all excited to get going with the vision that we have, and the city and Lyft came at us to try and shut it down,” co-founder Jonathan Cohen told TechCrunch. Obviously, to continue to score clients and expand nationally, Joco will need to raise more money.
When you think about shared micromobility, Veo isn’t exactly the first company that comes to mind. That is, if CEO and co-founder Candice Xie is to be believed. The following interview, part of an ongoing series with founders who are building transportation companies, has been edited for length and clarity.
Shared micromobility, in particular, offers an opportunity for more equitable and accessible mobility within cities, but only if done intentionally. What micromobility is missing. Micromobility’s potential to alleviate transit deserts. Mobility should be a right, but too often it’s a privilege. Timestamp: 19:10).
EcoCart also offers a carbon accounting tool for businesses and an offsetting offering for them as well, according to co-founders Peter Twomey and Dane Baker. We realized it was incredibly difficult to maintain this sustainability ethos,” Baker said. . “We live this problem ourselves. “We live this problem ourselves.
” Via has also been able to show investors that it’s got a sustainable business. Via is currently working with AV companies Motional and May Mobility to deploy autonomous ridesharing shuttles in Las Vegas, Nevada and Grand Rapids, Minnesota, respectively. “Potentially we’d be interested in control access, also. .
” Here are four considerations for high-growth company founders building their post-pandemic team. How to identify unicorn founders when they’re still early-stage. Founders often tie themselves in knots as they try to project qualities they hope investors are seeking. What are investors looking for?
Success breeds IPO : Shared vehicle company Lime reported its first profitable year, with Rebecca writing that “Lime has figured out how to make shared micromobility a sustainable business.” TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. Aria has more. You can sign up here.
The first wave of electric micromobility was shepherded by the ( still largely unprofitable , bless them) shared micromobility companies — the Limes and Birds of the world that popularized electric scooters. But Oscar Morgan, co-founder and CEO of U.K.-based I know what you’re thinking.
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? Not even a year after the struggling company fired its founder Travis VanderZanden and replaced him with Shane Torchiana, it appears the company is facing yet another executive shakeup.
In Norway, sustainability-focused companies. What are companies you are excited about (your portfolio or not), which founders? What are the biggest worries of the founders in your portfolio? So for our founders, it’s mostly about keeping churn-and-burn rates low to survive. Norway does video tech well.
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