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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. Advanced rider assistance systems: Tech spawned by the politics of micromobility. Singapore’s micromobility startup Beam raises $26 million.
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.
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.
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. .
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.
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.
Swobbee, a Berlin-based startup that’s working on commercializing battery swapping for micromobility vehicles, has raised a $6.5 Aside from Swobbee’s focus on smaller micromobility vehicles, there are a few other differences between the German startup and Gogoro’s business models.
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.
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.
Understanding the key developments that helped advance micromobility over the past several years can give us valuable insights not only into where the industry is headed, but about how we can successfully shape it to meet the needs of hundreds of millions of current and future riders around the world. . #1:
As layoffs tear through the startup world, the micromobility industry, which has long struggled to be profitable, is getting hit. Just a couple of weeks after Bird laid off 23% of its staff , the next round of industry layoffs is affecting Voi and Superpedestrian, according to LinkedIn posts from former and current employees.
If you fit into that specific thesis within micromobility, that will give you a lot of points in your column—whereas being an autonomous vehicle play wouldn’t do that just because it’s in mobility. There’s more being each one of these areas and this list isn’t comprehensive.
Hunting down a beat-up-looking shared electric scooter that has the germs of goodness-knows-who all over the handlebars is not Unagi’s idea of sexy shared micromobility.
.” One year ago, Uber’s business model could be categorized as an “all of the above approach,” a strategy to generate revenue from all forms of transportation, including ride-hailing, micromobility, logistics and package and food delivery. In the spring, Uber led a $170 million funding round in micromobility startup Lime.
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.
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. It also launched a new subsidiary to finance the vehicles, along with its software, to shared micromobility providers.
Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. When I look towards 2022, we have an opportunity to deepen that relationship with riders.”
The startup says it is in talks with a range of micromobility and car-sharing operators that might be interested in diversifying their fleets with a compact, smart vehicle. Shared micromobility companies are beginning to add electric mopeds to their fleets of e-scooters and e-bikes. Kwh each and a collective range of about 62 miles.
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.
Shared micromobility company Tier Mobility said on Wednesday it has acquired Fantasmo , a U.S.-based Fantasmo has other micromobility operators in its portfolio, including Helbiz. based computer vision-powered e-scooter parking startup whose tech Tier had been trialing in multiple cities in Europe.
Already, SMART has a partnership in place with Ford-owned Spin, the bike and scooter-sharing company focused on novel micromobility models. Following that, SMART intends to also pursue bringing SMA tires to the automotive and commercial vehicle industries, too. Image Credits: SMART Tire Company.
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.
Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Tier will acquire all of Spin’s 50,000 e-scooters and e-bikes, bringing the German company’s total fleet to 300,000.
Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. In late June, Helbiz signed a letter of intent to buy Wheels, another shared micromobility operator, by the end of the year. million in cash to fund its micromobility operations.
Bolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have vanished without a trace from several of its U.S. The company acquired in January 2021 the assets of Last Mile Holdings , which owned micromobility companies Gotcha and OjO Electric.
How four European cities are embracing micromobility to drive out cars. Last year, TechCrunch’s Natasha Lomas and I wrote a comprehensive overview of key policy developments in four major cities — Paris, Barcelona, London and Milan. VanMoof is now benefiting from these policy shifts.
Tier Mobility, the German micromobility giant that recently acquired Spin from Ford , is laying off 16% of staff, or 180 people, according to a LinkedIn post by CEO Lawrence Leuschner. Last month Lyft let go of 2% of its staff, or about 60 employees , as it shut down its in-house car rental program.
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.
Micromobility’s next big business is software, not vehicles. Micromobility startup Helbiz to go public via a SPAC, and will expand into ghost kitchens. Most importantly, the new injection of cash may help the company finally achieve profitability. Bird’s SPAC filing shows scooter-nomics just doesn’t fly.
Bolt Mobility , the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, is expanding to 48 new markets after acquiring the assets of Last Mile Holdings. Bolt is also backed by Sofreh Capital and The Yucaipa Companies. ” Backed by Serena Williams and Usain Bolt, Let’s Do This raises $15M from EQT.
Tortoise started by equipping electric scooters with cameras, electronics and firmware that allow teleoperators in distant locales to drive the micromobility devices to a rider or deliver it back to its proper parking spot. The company still remains bullish on its initial application in micromobility.
How four European cities are embracing micromobility to drive out cars. There could be as many as 130,000 electric scooters and electric bikes in European cities. Let’s see if the company delivers on its ambitious 2021 roadmap. Image Credits: Bolt.
Zoomo, the Australian startup that builds e-bikes and offers micromobility subscriptions to gig workers and couriers, wants to be the next disruptive electric vehicle company. The startup has just announced a $60 million Series B fundraise, money it aims to use to transform the way companies look at last-mile delivery.
Backed by alliances and investments from industry titans such as Yamaha Motor and Panasonic, Glafit’s scope spans design to mass production and sales of micromobility vehicles. Glafit emerged as a standout among the showcased innovators, envisioning itself as Japan ‘s pioneering force in next-generation vehicle manufacturing.
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.
Cities have also changed their rules over time and are embracing micromobility in different ways. How four European cities are embracing micromobility to drive out cars. Many cities have changed drastically with the rise of free-floating bikes, electric scooters, moped scooters and cars that you can unlock with your phone.
Micromobbin’ Since we’re making predictions, I’d be remiss if I didn’t share some thoughts about what 2022 may hold for the world of micromobility. Crystal ball says… More e-bikes will hit the shared micromobility space. He also said we can expect a marriage between micromobility and the metaverse.
Micromobility scooter docking startup Charge is betting that a boom in e-scooters and electric bikes will increase the need for charging stations around cities. Sidewalk Labs is facing a number of lawsuits over privacy and data issues related to the Waterfront Toronto project.
The traditional world of vehicle insurance is not built for newer mobility models, like peer-to-peer, which is currently DigiSure’s bread and butter, or shared micromobility, which the company sees a lot of potential in. DigiSure is still new, so there’s room to grow, says Shim.
You’ll also have time to explore the show and hear speakers from game-changing companies share trends and insights on air mobility, micromobility, investing, cybersecurity, autonomous vehicles and more. A full day of online networking and demos — expand beyond the confines of the San Mateo County Event Center and achieve global reach.
But now, cities are really promoting more options for mobility, specifically micromobility, because micromobility is preferable when you are in the open-air environment, and you don’t face the public health challenges of public transport with people being close to each other.”. And some would say for the better.”.
GoTo Global, an Israeli mobility company that offers shared micromobility and car sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange through a merger with shell company Nera Tech Media.
Founded originally as Taxify and slowly growing the business just around ride-hailing for a number of years in less-scrutinized emerging markets, the company rebranded in 2019 as it kicked its strategy into a higher gear, with launches in cities like London and a move into micromobility, primarily around electric scooters.
Shared micromobility company Voi is deploying e-scooters in Oslo, Norway with Drover AI’s computer vision tech that can identify whether a scooter is on the pavement, road or cycle lane in order to help prevent sidewalk riding. Learn the keys to unlocking micromobility profits at TC Sessions: Mobility 2022.
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