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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.
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?
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.
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.
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. .
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.
The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. Neuron isn’t the only micromobility company that is pursuing limited vendor permits and a slower, more organic growth plan. Singapore’s Neuron Mobility has raised a $43.5
Early-stage startups tend to claim that their go-to-market strategy is fully operational. Finding GTM fit is a milestone for any startup that includes everything from expanding the engineering team to launching your first media buy. These simple metrics will tell you if your startup is ready to scale. Senior Editor, TechCrunch.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and piloted by Postmates X, has raised seed funding in a round led by venture capital firm Neo.
“The mobility sector is among the hardest hit due to Covid-19, seeing one of the greatest declines in history,” said Yakir Machluf, mobility lead for OurCrowd, whose portfolio includes dozens of mobility startups. When you can lower your costs, your market and the promise becomes so much bigger for micromobility,” he said.
Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC. Venture capital at scale.
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.
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. Daniel Cohen , partner, Viola Ventures. Ben Wiener , partner, Jumpspeed Ventures.
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.
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.
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.
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.
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.
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.
The early-stage Dutch startup, which recently revealed the final design of its quadricycle, is now assembling working prototypes in Breda, the Netherlands. In June, the company raised an undisclosed amount from Bloomit Ventures. foot package to meet the needs of city drivers. million ($4.1
Amsterdam-based startup VanMoof has raised a $128 million Series C funding round. Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital. Overall, if you add it all up, the startup has raised $182 million in total.
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.
Micromobbin’ The North American Bikeshare and Scooter Association released its 2021 shared micromobility state of the industry report — and it has some interesting findings. Trips on e-scooters accounted for 49% of total trips taken on shared micromobility. 63% of riders said they used micromobility to connect to public transit.
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.
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.
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. valuation.
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.
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
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. ” The acquisition was funded in part by Fuel Venture Capital, an existing Bolt investor.
You want to make the most of your time at this one-day virtual intensive featuring interactive presentations with the mobility industry’s top movers, shakers and startup dream makers, amirite? Mobility mavens, June 9 will be here before you know it, and that means it’s time to get your strategy ducks in a row for TC Sessions: Mobility 2021.
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.
A number of startups such as Coord and curbflow have popped up in recent years, all aiming to solve this supply and demand problem. One entrant, the three-year-old startup Automotus , is beginning to rack up deployments in zones within cities like Santa Monica, Pittsburgh, Bellevue, Washington and Turin, Italy.
Aria writes that it’s not a given, “but the high capital demands of aviation could mean more startups are still looking for a huge injection of cash via the public markets.” Crystal ball says… More e-bikes will hit the shared micromobility space. Better integration of micromobility offerings with public transit.
In this instance, African web3 startup Nestcoin said it had to lay off employees as a result of not having that access. 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. Big Tech Inc.
Further evidence of this is the news that today British e-bike manufacturer FuroSystems has closed its first institutional venture funding round of £750,000 with participation by TSP Ventures and European impact investment bank ClearlySo , as well as a number of angel investors.
I’m interested in hearing what investors from Intel Capital , GM Ventures and Snow Bull Capital have to say about the industry and what strategic mobility investors are looking for in a startup. Voi says it has just reached 100 million micromobility rides across 80 cities in less than four years. .
Startups and VC. It’s fundraising season for venture funds, apparently! MassMutual Ventures closed a $300 million fund to back Asian and European startups. Dig deeper with oligochaeta for your data : Mozart data just orchestrated a $15 million round to help startups build a sensible data stack. and Canada. .
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. million Series A in July.
Are founders in fundraising mode short-sighted when it comes to working with Chinese venture funds ? “Chinese investors can bring value to foreign startups, but you need to study their expertise and how it can be useful for you.” ” Is it so bad to take money from Chinese venture funds? funds and 12.5
This two-day deep dive — dedicated to mobility tech, early-stage startups and the investors who fund them — is a prime networking opportunity you don’t want to miss. Looking for a co-founder to help you build your mobility-centric startup? TC Sessions: Mobility 2022 goes big, live and in-person on May 18-19 in San Mateo, California.
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.
Startups are the embodiment of frenetic action. Rather than raising venture capital and scaling quickly, the company does business the old-fashioned way: Proving the model works in one market before moving to the next. That has been truer for the mobility landscape than most other industries. In your Medium post titled “Sorry, Boys.
Startups, tapping into new manufacturing techniques, new batter technology, and new energy infrastructure, see a ripe opportunity to build new vehicles to disrupt the current status quo with safer and cleaner alternatives.
Now, surging demand for delivery — and the pressure it places on curb space — is helping the transportation data startup attract new capital and expand to more cities. Populus has contracts with more than 80 cities, including Oakland, San Diego and Tel Aviv, and works with more than 25 micromobility operators.
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