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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 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. Voi says having physical racks will help “create a sustainable service for cities and the people living in them.”
Dott is a micromobilitystartup that is better known for its colorful electric scooters that you can find across several European cities. During its early days, Dott positioned itself as a capital-efficient, sustainable e-scooter company. The startup doesn’t work with third-party logistics providers.
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: Shared scooters launched (fall 2017).
Swobbee, a Berlin-based startup that’s working on commercializing battery swapping for micromobility vehicles, has raised a $6.5 million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that’s supported by the European Union.
The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. “That’s the only way to run both a sustainable business as well as a responsible service in a city in the long run.” The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 “While self-driving cars remove the driver, robotic delivery eliminates the car itself and makes deliveries sustainable and accessible to all,” said Kashani, co-founder and CEO of Serve Robotics.
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.
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.
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.
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.
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.
Startups are the embodiment of frenetic action. The First Profitable Micromobility Company Was Veo, Not Lime,” you fired some shots at Lime and the tech bro-ey micromobility industry at large. That has been truer for the mobility landscape than most other industries. In your Medium post titled “Sorry, Boys. Thank you!
With 17 startups participating, Berkeley SkyDeck’s Demo Day isn’t the largest cohort we’ve seen by any stretch. Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. Attending a remote startup accelerator is absolutely worth it. NuPort Robotics. Image Credits: NuPort Robotics Inc. The Hurd Co.
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.
This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 Part 4: Drama and quirk aren’t necessary for startup success. Micromobility’s next big business is software, not vehicles.
Increasingly, cities are choosing to limit the number of micromobility operators by awarding long-term contracts to the best operators which prioritize managing e-scooters and e-bikes in a sustainable and responsible way. to expand globally first appeared on AsiaTechDaily - Asia's Leading Tech and Startup Media Platform.
Cloud kitchens dissipate: Annie writes that Kune Food, a promising Kenya-based startup renting out kitchens to prepare ready-to-eat affordable meals, will shut down operations and lay off its roughly 90-person workforce. Now, Ingrid reports, the startup has raised $624 million at an $8.5 Startups and VC.
Changing your meeting culture is difficult, but given that 26% of workers plan to look for a new job when the pandemic ends, startups need to do all they can to retain talent. Reform your startup’s meeting culture. Inside GM’s startup incubator strategy. Inside GM’s startup incubator strategy. Walter Thompson.
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. Veo, which was founded in 2017, has sought venture funding a bit later in the game than other micromobility companies.
We were just trying to make the world a more efficient, enjoyable and sustainable place, but looking back it was a huge blessing. One of Joco’s enterprise customers in NYC is instant commerce startup Jokr, which offers grocery and convenience store items delivered in 15 minutes and recently raised a $260 million Series B.
Gogoro was created to introduce a mass market shift to sustainable energy in densely populated cities by establishing an intelligent urban ecosystem that introduces a new refueling system for electric two-wheel vehicles.”
Can startups provide the technology and the systems necessary to help correct this injustice? Shared micromobility, in particular, offers an opportunity for more equitable and accessible mobility within cities, but only if done intentionally. What micromobility is missing. What does equity mean? Who isn’t this helping?
When you think about shared micromobility, Veo isn’t exactly the first company that comes to mind. Veo, which is perhaps most noted for its comfortable sit-down scooters and its continued presence in New York City’s e-scooter pilot , has stuck by a business model that looks at micromobility more as a utility and less as a startup.
As shared e-scooter companies have infiltrated cities and e-bike sales have soared, micromobility has been offered up as a panacea to save us all from the ill humors and packed streets caused by gas-guzzling cars. Nimbus, a California-based electric vehicle startup, wants to solve that problem with a simple solution: Put a roof on it.
The San Francisco-based startup uses services like ClimeCo and BlueSource to source and aggregate offset projects that companies can finance. The two co-founders, who met at the University of San Diego, previously founded a startup called Toyroom, which rented outdoor equipment to customers in an effort to reduce unnecessary consumption.
As new mobility segments continue to emerge, threatening to cramp already congested streets and decimate already tight budgets, Ramot thinks the startup can do more. ” Via’s fundraise comes at a time when startups are thirsty for fresh cash and investors are being picky.
With the right message, even a small startup can connect with established and emerging stars on TikTok, Instagram and YouTube who will promote your products and services — as long as your marketing team understands the influencer marketplace. As the economy reopens, startups are uniquely positioned to recruit talent. Walter Thompson.
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.” TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Big Tech Inc.
The first wave of electric micromobility was shepherded by the ( still largely unprofitable , bless them) shared micromobility companies — the Limes and Birds of the world that popularized electric scooters. based e-scooter startup Bo Mobility , says the industry has been coming at scooter manufacturing all wrong.
It’s the shared micromobility operator that has gained a rep for growing at a steady, sustainable pace, rather than moving fast and breaking things? NABSA ’s fourth annual state of shared micromobility report shows that ridership in North America has returned to pre-pandemic levels. Micromobbin’ You remember Veo , right?
Local investors tend to invest 50% to 90% of their fund into local startups, “but we do look at deal flow in all Nordic countries,” said one. Are there startups that you wish you would see in the industry but don’t? Which areas are either oversaturated or would be too hard to compete in at this point for a new startup?
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