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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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Micromobility startup Voi raises $45 million to end sidewalk riding, improve safety

TechCrunch

Micromobility startup Voi has raised $45 million, funds it says will be used to research and develop technology that will improve safety, keep users from riding on sidewalks and ensure scooters are properly parked.

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Korean micromobility startup Swing grabs $24M for growth, expands to Japan 

TechCrunch

Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . Why micromobility may emerge from the pandemic stronger than before.

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South Korean e-scooter company Gbike acquires Hyundai Motor’s micromobility platform ZET 

TechCrunch

Gbike , a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .

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Magna enters the micromobility and battery swapping market

TechCrunch

Magna International, a Canadian mobility technology company that builds sensor-based systems for cars like driver monitoring systems and advanced driver assistance systems (ADAS), is entering the micromobility market. Magna enters the micromobility and battery swapping market by Rebecca Bellan originally published on TechCrunch.

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European e-scooter and micromobility startup Dott raises $85 million

TechCrunch

Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Belgium-based investment company Sofina is leading the investment.

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Advanced rider assistance systems: Tech spawned by the politics of micromobility

TechCrunch

The desire to achieve something as simple as keeping shared electric scooters off sidewalks has driven the development of some advanced technology in the micromobility industry. “It exists in this world where riders kind of have to do things that aren’t that great for others, because they have nowhere else to go.