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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.
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.
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 venturecapital firm Neo. TechCrunch reported in January that a deal was being shopped to investors. Image Credits: Serve Robotics.
Companies like electric scooter providers Lime and Bird have raised tons of capital to change how the urban population gets around, but that growth has come at the cost of a bottom line still in the red. So it’s striking to see electric scooter company Veo take a different approach to the business. That was pretty bold. . Thank you!
It is another milestone in our journey to make mobility safe, affordable, accessible, and sustainable by deploying high-performance technologies and operators. As part of its catalogue of services, MAX plans to build electric vehicle infrastructure in its new markets, with the intention of introducing EVs to its emerging clientele. “It
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. This results in operational cost reduction by eliminating the need to replace their existing fleet and yields a safer, more efficient and sustainable transportation system,” CEO Raghavender Sahdev tells TechCrunch. The Hurd Co. The Hurd Co.’s
Several micromobility companies once operated in my city, but consolidation has reduced that to a small handful. This in-depth industry analysis shows how increased regulation on the local level and changing consumer habits are pushing micromobility providers to adapt and innovate. Image Credits: TechCrunch/Bryce Durbin.
. “Once you’ve already raised a bunch of ventures, you’re kind of building a business for venture scale, whereas if you are bootstrapped … you can be really really opportunistic about what that right time is,” he told Natasha Mascarenhas. Priyanka Srinivas, co-founder and CEO of food tech startup Live Green Co.,
It’s hard to pin down where Shein is from,” answered Richard Xu from Grand View Capital, a Chinese venturecapital firm. Image Credits: MaC VentureCapital / Wonderschool. Veo CEO Candice Xie has a plan for building a sustainable scooter company, and it’s working. Here’s how to avoid that situation.
billion valuation, reflecting its sustained growth. MasterClass , the platform that sells subscriptions to celebrity-led classes, cut 20% of its team — roughly 120 people — to “get to self-sustainability faster.” Micromobility ain’t looking so hot these days, either, unfortunately.
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.
When you think about shared micromobility, Veo isn’t exactly the first company that comes to mind. It’s not as widespread as competitors like Voi, Tier and Lime, and it hasn’t raised nearly as much in venturecapital. That is, if CEO and co-founder Candice Xie is to be believed. In June 2021, Veo was in 22 markets.
Investors Clara Brenner, Quin Garcia and Rachel Holt on SPACs, micromobility and how COVID-19 shaped VC. They’re paying close attention to what startups and tech companies are doing to develop and commercialize autonomous vehicle technology, electrification, micromobility, robotics and so much more. Image Credits: TechCrunch.
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.
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?
The Nordic countries make up just 4% of Europe’s total population, but they account for a significant amount of venturecapital investment. In Norway, sustainability-focused companies. Its attractiveness was obviously declining pre-COVID as well, but the crisis has only made the sustainable shift stronger.
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