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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. Swing currently has more than 50 franchise partners, Kim said. . “No
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. Japan ‘s journey, fueled by visionary strategies and vibrant ecosystems, invites global attention to the convergence of innovation and aspiration.
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:
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.
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. The move signals a shift in Unagi’s current business model, which has mainly focused on sales and subscriptions of its e-scooters.
” 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.
The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. While Neuron doesn’t quite have the scale of competitors like Lime, Bird and Tier, Wang said Neuron’s expansion strategy is not based on putting scooters on the ground everywhere.
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.
Early-stage startups tend to claim that their go-to-market strategy is fully operational. Startups and investors are turning to micromobility subscriptions. ” Startups and investors are turning to micromobility subscriptions. . ” Startups and investors are turning to micromobility subscriptions.
5 consumer hardware VCs share their 2021 investment strategies. 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.
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. The company has opened retail stores and service hubs in 50 different cities around the world. While the company started in Europe, the U.S.
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.
Other co-founders include Dmitry Demeshchuk, the first engineer who joined the Serve team at Postmates and MJ Chun, who previously led product at Anki and has been heading up product strategy at Serve. The company is launching with 60 employees with headquarters in San Francisco and offices in Los Angeles and Vancouver, Canada.
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. At the time, Bear said the move would help accelerate the company’s path to profitability via its strategy of pursuing exclusive or limited vendor markets.
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.
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.
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.
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. 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?
Volta’s wider business strategy will be based both on selling trucks as well as offering its vehicles on a trucking-as-a-service model. billion, covering more than 5,000 vehicles. New York-based Luxor Capital, which led the company’s €37 million Series B in September 2021 , is also leading this round.
Beyond volatility: How semiconductor companies can thrive with a focused sector strategy. To keep their heads above the water in the coming years, semiconductor makers should back technologies that power other industries, such as AI/ML, digital services and micromobility, according to McKinsey partners Ondrej Burkacky and Nikolaus Lehmann.
The fresh capital will fuel Neuron’s unique international expansion strategy, which is laser-focused on winning highly prized competitive tenders, according to the announcement. This vertically integrated approach – which differs from most other shared micromobility companies – allows Neuron to innovate quicker and more efficiently.
At this point, we’re sort of waiting for COVID to be over officially until we really start to think about expanding our micromobility footprint. We literally have millions of vehicles that need to transition to electric, and there’s really no charging in sight, which is where our strategy comes into play.
How has COVID-19 impacted your investment strategy? How has COVID-19 impacted your investment strategy? How has COVID-19 impacted your investment strategy? COVID hasn’t impacted our investment strategy much. How has COVID-19 impacted your investment strategy? are at risk.
While Moovit has integrated with various forms of new mobility lately, including a handful of micromobility companies , this is the first time the startup has integrated with an autonomous shuttle, as well as the first time Moovit users in the U.S.
Aimed at managers, this post offers several testable strategies that will help you boost productivity and say goodbye to poorly run, lazily planned meetings. Inside GM’s startup incubator strategy. Inside GM’s startup incubator strategy. “Help them feel empowered to decline a bad meeting.”
So we caught up with Reig to talk about what he learned from building the company, how Revel’s business strategy has evolved, and what lies ahead. When shared micromobility companies expand, they often just offer different vehicles. And we’re also doing electric vehicle chargers, and let’s add an EV rideshare to the mix.”
Micromobility ain’t looking so hot these days, either, unfortunately. “This strategy sparks interest, attracts more subscribers to your site and improves the purchase potential of their products.” Meanwhile, Duolingo and Coursera have seen their stock values slashed.
Our micromobility enabler Superpedestrian launched its first fleet of seated LINK e-scooters in the city of Baltimore, WBAL reports. Entertainment’s VP of Emerging Technology and Innovation Strategy, has been appointed TetaVi’s Chief Strategy and Revenue Officer. executives to help lead the company, Variety reports.
As transportation costs go up, it is critical that we support micromobility solutions like shared bikes and scooters, which provide affordable ways to travel in Chicago without needing a car,” says Mayor Lori Lightfoot. US Army taps ICON for largest 3D printed structures in America. Goldman Sachs leads data.world’s $50M Series C raise.
As transportation costs go up, it is critical that we support micromobility solutions like shared bikes and scooters, which provide affordable ways to travel in Chicago without needing a car,” says Mayor Lori Lightfoot. US Army taps ICON for largest 3D printed structures in America. Goldman Sachs leads data.world’s $50M Series C raise.
Co-founded in 2019 by ex-Uber executive Dmitry Shevelenko, the company began with a mission of being the operating system for micromobility vehicles , one that uses remote operators to reposition shared electric scooters to locations where prospective riders are or send them back to the warehouse for a charge.
Since Fenix’s founding as a shared e-scooter operator in 2020, the company has regularly added business lines, from 10-minute grocery delivery to micromobility subscriptions to, now, ride-hail. ” Dhanoa says piling on the products and services has been the strategy from the get-go. Image Credit: Fenix.
There are more marketplaces and digital forwarders emerging in different markets, and part of Freightify’s competitive strategy is selling a SaaS product. The industry is not a winner take all market and freight forwarders can recognize a useful solution when they see one,” Viswanathan said.
Superpedestrian is on a mission to make micromobility better in cities across the UK and around the world. In fact, according to Haya Verwoord Douidri, the company’s EVP Global Market Development, Policy and Strategy, it is precisely because Superpedestrian works so closely with cities that it has proven so successful in recent years.
Micromobbin’ A range of 15-minute grocery delivery companies are cropping up around the world, and they’re fueled by gig workers on micromobility vehicles. In some less bleak news, Spin did some research on mode-shifts and found about 25% of trips on the company’s micromobility vehicles replaced private or rideshare car trips.
Bolt had appeared to be on an upward trajectory last year after acquiring the assets of Last Mile Holdings, which opened up 48 new markets to the micromobility operator. However, there’s also space to push micromobility companies to provide more protections. . It’s all very mysterious. Rebecca Bellan. A little bird. Deal of the week.
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.” Aria has more. So what happens when you are good at what you do? The company is now eyeing an initial public offering.
Rebecca ’s transportation and mobility roundup, the Station, was particularly good too, breaking down what is happening in the land of micromobility and much more. We loved today’s Equity podcast , “How to lose money, SoftBank edition.” Also, her update from earlier in the week had a lot more Cybertruck earnings call info.).
Micromobbin’ Before we dive in, I just wanted to spotlight a piece from TechCruncher Annie Saunders on why micromobility might only ever just be a fun way to get around , rather than something that can truly augment public transit. You also can send a direct message to @kirstenkorosec. Check it out (TechCrunch+ subscription required).
Micromobbin’ I don’t want to get ahead of myself here, but are we close to reaching the point of no return on our micromobility revolution? Milan , for example, is investing €250 million into its Urban Biking Strategy that’ll see the birth of fast cycle corridors with better public transit integration. Rebecca Bellan.
Freemium products are everywhere, but unless companies revisit and optimize their strategy, there’s no effective way to optimize conversions. We’ve got your ticket to ride an e-scooter : Lyft wants to reshape shared micromobility with dockable e-scooter. Rebecca has more.
Meanwhile in the land of shared micromobility. Populus is partnering with cities and operators like Bolt , Tier and Voi in a European Union-funded, data-sharing initiative that will measure carbon reductions of micromobility. But it’s also an encouraging finding!
How has COVID-19 impacted your investment strategy? Both micromobility and telemedicine seem very crowded at this point, and we believe the current market leaders in these sectors will become the winners. How has COVID-19 impacted your investment strategy? How has COVID-19 impacted your investment strategy?
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