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Singapore-based micromobility startup Beam secures $93M Series B, enters new markets

TechCrunch

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. .

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Startups and investors are turning to micromobility subscriptions

TechCrunch

Amid the chaos of the COVID-19 pandemic and the murky path to profitability for shared electric micromobility, an increasing number of companies have turned to subscriptions. But will this new playbook push the unit economics of micromobility in a positive direction? And what will determine which companies win at the subscription game?

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Extra Crunch roundup: finding GTM, China’s edtech clampdown and how to define growth

TechCrunch

“You have to consider three metrics: gross churn rate, the magic number and gross margin ,” says Tae Hea Nahm, co-founder and managing director of Storm Ventures. “I firmly believe that every founder should try their hand at growth,” said Su. Thanks very much for reading Extra Crunch this week!

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Meet your co-founder or find your next gig at TC Sessions: Mobility 2022

TechCrunch

Looking for a co-founder to help you build your mobility-centric startup? Join more than 2,000 attendees — representing the mobility community’s leading visionaries, founders and builders (like you) — and make essential connections that can move your professional aspirations forward.

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Announcing the agenda for TechCrunch Sessions: Mobility 2022

TechCrunch

TC Sessions: Mobility is back, and this year we are bringing together the best and brightest founders, investors, engineers and experts on the future of transportation for a two-day, in-person event May 18 and May 19 in San Mateo, California. How to Unlock Profits in Micromobility. Vehicle Spotlight: Zoox. with Jesse Levinson (Zoox).

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

TechCrunch

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.

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Announcing the agenda for TechCrunch Sessions: Mobility 2022

TechCrunch

TC Sessions: Mobility is back, and this year we are bringing together the best and brightest founders, investors, engineers and experts on the future of transportation for a two-day, in-person event May 18 and May 19 in San Mateo, California. How to Unlock Profits in Micromobility. Vehicle Spotlight: Zoox. with Jesse Levinson (Zoox).