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Below, I’ve listed a bunch of attributes a startup might have and how they push the decision-making needle one way or the other. doesn’t really buy you many points with an investor—but coming off like a startup n00b really tanks your chances. If I’m known to invest in mobility startups, I review a ton of different business models.
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 micromobilitystartup Beam raises $26 million.
Micromobilitystartup 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 micromobilitystartup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . Last year, the startup set up a subsidiary in Japan, aiming to launch its service in Tokyo in the first half of 2022. . Expansion to Japan.
Dott is a micromobilitystartup that is better known for its colorful electric scooters that you can find across several European cities. The startup doesn’t work with third-party logistics providers. Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing.
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. .
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.
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.
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.
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.
Uber has invested a total of $125 million into the startup. ” 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. .”
As NASA is quick to remind people, the investments it funnels toward space exploration often wind up improving life on Earth — and it’s now in the business of speeding up some of that work through startups. Early Stage is the premier “how-to” event for startup entrepreneurs and investors.
Register Japan unveiled its latest development on its “Startup Development Five-year Plan” started in November 2022. The plan aims to boost the Japanese startup ecosystem by investing 10 trillion yen, creating 100,000 new startups, and nurturing 100 unicorns by 2027.
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. million Series A Wednesday.
Zoomo, the Australian startup with a mission to electrify delivery fleets through e-bike subscriptions, announced a $12 million interim capital raise on Monday. Now, the startup hopes to expand its service outward toward continental Europe and other states across the U.S.
Exhibiting your early-stage startup at TC Sessions: Mobility 2022 in San Mateo, California on May 18-20 is one of the fastest ways to discover new opportunities and accelerate your growth potential. Along with demo space, a $725 Early-Stage Startup Demo Package includes: Four event passes to help your team maximize time and opportunities.
The early-stage Dutch startup, which recently revealed the final design of its quadricycle, is now assembling working prototypes in Breda, the Netherlands. 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 company Tier Mobility said on Wednesday it has acquired Fantasmo , a U.S.-based based computer vision-powered e-scooter parking startup whose tech Tier had been trialing in multiple cities in Europe. Fantasmo has other micromobility operators in its portfolio, including Helbiz.
And yes, it absolutely has affected the the transportation sector, specifically the hundreds of startups within the sector. A number of automakers ( Porsche , VW , Mercedes-Benz ), startups (where do I begin?) French startup Upway has launched its online marketplace that sells refurbished e-bikes in the U.S. Envisics , a U.K.
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.”
Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Subscribe to access all of our investor surveys, company profiles and other inside tech coverage for startups everywhere. Are there startups that you wish you would see in the industry but don’t? More than 50%?
Amsterdam-based startup VanMoof has raised a $128 million Series C funding round. Overall, if you add it all up, the startup has raised $182 million in total. With today’s funding round, the startup plans to double-down on its current strategy. How four European cities are embracing micromobility to drive out cars.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
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.
Bolt Mobility, the Miami-based micromobilitystartup 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.
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. Self-driving car startup Optimus Ride will deploy self-driving vehicles in the enclosed campus of the Brooklyn Navy Yard. seed round.
Bird, the shared electric scooter startup that operates in more than 200 cities across three continents, said Wednesday it is going public by merging with special purpose acquisition company Switchback II with an implied valuation of $2.3 It’s a rarity amongst scooter startups, which face notoriously high overhead.
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. And this week Ford Motor Company said it that plans to lay off 3,000 employees as it restructures toward electrification.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
One bright light amidst the gloom: Startups that generate enough revenue to drive steady growth will find many investors willing to take their calls. One bright light amidst the gloom: Startups that generate enough revenue to drive steady growth will find many investors willing to take their calls. That’s real money.
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.
Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The startup was the first scooter operator to go public via the SPAC route , and many in the industry wish it wasn’t so after consistently meh earnings reports. million in Q1.
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.
Robots are no longer the high-tech tools reserved for university labs, e-commerce giants and buzzy Silicon Valley startups. Tortoise, the one-year-old Silicon Valley startup known for its remote repositioning electric scooters, has taken its tech and adapted it to delivery carts. The local grocer now has access too.
Nigerian mobility tech startup Metro Africa Xpress Inc. ( The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Chinedu Azodoh is the startup’s other co-founder.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
Startup of the Week: GoDaddy bets on Tailor Brands. The Startup Nation’s startup government. Startup of the Week: GoDaddy bets on Tailor Brands. Join us on Sunday to meet the CEO of Tailor Brands , a fast-growing startup backed by GoDaddy and other top-drawer investors, as noted in TechCrunch. Introductions.
Bolt Mobility , the Miami-based micromobilitystartup 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.
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25
Meet Vianova , a French startup that is building a data platform for shared mobility companies as well as local governments. 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. It has raised a $6.4
The startup will use the funds to hire more than 50 engineers, data scientists, business development, insurance and compliance specialists, as well as scale into new industry verticals and across into Europe. million pre-Series A funding round. DigiSure is still new, so there’s room to grow, says Shim.
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