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
The term “shared micromobility” often calls to mind that Lime e-bike on the nearest street corner or the Voi e-scooter parked next to the bus stop, either of which could on any given day be standing upright or knocked over onto the pavement. That might be changing. Acton , a U.S.
The European VC market is so hot it may skip its summer holiday. Alex Wilhelm and Anna Heim continued their exploration of the scorching global VC market, this time taking a look at Europe. ” The European VC market is so hot it may skip its summer holiday. Startups and investors are turning to micromobility subscriptions.
Zoomo also wants to build up its consumer model, which mainly serves couriers but is extending to commuters, and will invest in the development of its next generation of vehicle offerings. “We It also launched a new subsidiary to finance the vehicles, along with its software, to shared micromobility providers.
“The entire way in which people and goods move around has changed,” Machluf said in the second episode of the Pandemic Venture Investment Series , co-sponsored by OurCrowd and Anthony Scaramucci’s SALT. When you can lower your costs, your market and the promise becomes so much bigger for micromobility,” he said.
Shared micromobility companies have been adopting startlingly advanced new tech to correct for the thing that cities hate most — sidewalk riding. Nesic said Drover also intends to hire a software engineer to help build out the data dashboards the company offers to micromobility partners. Image Credits: Drover AI.
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.
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.
Automakers — like Hyundai, Honda and Xpeng — are investing resources into building their own flying cars. That much is clear from major investments from Toyota and Stellantis into Joby and a manufacturing deal with Archer , respectively. Crystal ball says… More e-bikes will hit the shared micromobility space.
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.
PRIMECAP Management Company, Reinvent Capital, XN, Fidelity Management and Research LLC, Canada Pension Plan Investment Board, Index Ventures and Sequoia Capital, as well as strategic investments from Uber, PACCAR and Volvo Group. billion following a $1 billion investment in 2019 from Toyota, DENSO and SoftBank’s Vision Fund.
Here are the investors in their own words, for any TechCrunch reader who is interested in hiring, investing or founding a company in the country. What trends are you most excited about investing in, generally? What’s your latest, most exciting investment? Oh, and one more thing. We just launched Extra Crunch in Israel.
Startups and VC. Today, Haje has been running around at Micromobility America. They insist on using the MMA acronym, so he’s expecting a fist to the face any moment, but so far the only risk of injury has been from neck-breaking micromobility in the form of electric rollerblades. Ivan has more.
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. European VC soars in Q1.
Startups and VC. million Series B round, bringing its total capital investment to $77.7 million, to deepen its micromobility presence in Australia, New Zealand, South Korea, the U.K. Robinhood announced plans to lay off 9% of its staff just before the investing and trading service was poised to come out with its earnings.
Runa Capital’s Asia business development manager Denis Kalinin studied data from iTjuzi, a database of Chinese venture capitalists, and found: “…Chinese funds invested around $250 billion in 2020 (three times higher than the figure reported in Crunchbase). funds, but three times that of U.K. funds and 12.5
Mary Ann starts us off by reporting on SoftBank writing down an almost $100 million investment into FTX. 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. Startups and VC.
Startups and VC In a major blow to shared micromobility companies, Paris has voted to ban rental e-scooters from its streets, Rebecca reports. Marc Andreessen and Ben Horowitz appeared onstage with WeWork co-founder Adam Neumann to talk about their firm’s $350 million investment in Flow, Neumann’s new residential real estate company.
We are excited to invest in Tailor Brands — and its team — as we believe in their vision. The round is led by strategic investor GoDaddy with participation from OurCrowd and existing investors Pitango Growth, Mangrove Capital Partners, Armat Group, Disruptive VC, and serial entrepreneur Richard Rosenblatt.
In May 2019, he raised $4 million in VC funding, which helped him expand to 1,000 electric mopeds across Brooklyn and Queens. million in September 2019, in a round that included funding from Ibex Investments, Toyota Ventures, Maniv Capital, Shell and Hyundai, according to Reig. So in 2018, Reig quit his job, raised $1.1
Startups and VC. Middle East gets a Bolt by way of a Fenix : The Abu Dhabi–based mobility startup is harnessing the “superpower of micromobility” to not only make sure your groceries get to you in 10 minutes, but also provide some other services you may be interested in trying.
Citing “economic downturn and investment markets tightening up,” CEO Robin Reecht said that the company failed to procure the necessary funding and struggled to scale its business model, which relied on selling meals to individual and corporate customers at $3 a head. Startups and VC. That’s no surprise.
The wealthy and connected investment firm that backs them will take on the task for its chosen champions.”. Rebecca Bellan interviewed Veo CEO Candice Xie about the micromobility startup’s “old-fashioned way” of doing business. “I a16z’s new $2.2B fund won’t just bet on the crypto future, it will defend it.
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.
Bolt had appeared to be on an upward trajectory last year after acquiring the assets of Last Mile Holdings, which opened up 48 new markets to the micromobility operator. However, there’s also space to push micromobility companies to provide more protections. . An easy mistake to make, and one I can see myself making. Rebecca Bellan.
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.” Manish writes that this investment marks the largest check Amazon’s Smbhav Venture Fund has written thus far.
Startups and VC Greycroft, the self-styled “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments across new funds, Kyle reports. You’ll definitely notice this car go by : China’s MG Motor debuted what looks like a green highlighter on wheels in India. Jagmeet has more.
Startups and VC. Rebecca ’s transportation and mobility roundup, the Station, was particularly good too, breaking down what is happening in the land of micromobility and much more. We had so many incredible things get published over the weekend, it’s hard to choose what to feature in this here Ye Olde Lettre of Neues.
Startups and VC. Here, have a fresh battery : Magna enters the micromobility and battery swapping market with a $77 million investment in Yulu, Rebecca reports. Africa’s hot and heavy fintech sector : Kippa, a Nigerian financial management app for merchants, closed on $8.4 million in new funding.
Origins is the VC firm backed by many professional soccer players, such as Blaise Matuidi, Olivier Giroud, N’golog Kanté, as well as Antoine Dupont (a rugbyman). Existing investor Global Founders Capital is investing once again in the startup. How four European cities are embracing micromobility to drive out cars.
The Nordic countries make up just 4% of Europe’s total population, but they account for a significant amount of venture capital investment. That said, Norway’s VC community has been somewhat dormant for a while. What trends are you most excited about investing in, generally? and Nomono. E-commerce. More than 50%?
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