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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 micromobility startup Beam raises $26 million.
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. .
Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. In addition to Sofina, new and existing investors include EQT Ventures, Prosus Ventures, Aberdeen Standard Investments, Estari, Expon Capital, Felix Capital, FJ Labs, Invest-NL, McRock Capital and Quadia.
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.
“The entire way in which people and goods move around has changed,” Machluf said in the second episode of the Pandemic Venture Investment Series , co-sponsored by OurCrowd and Anthony Scaramucci’s SALT. When you can lower your costs, your market and the promise becomes so much bigger for micromobility,” he said.
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.
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.
In June, the company raised an undisclosed amount from Bloomit Ventures. 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. Sono Motors plans to license the tech that powers its solar electric car. million ($4.1
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.
Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital. How four European cities are embracing micromobility to drive out cars. Today’s Series C represents a big jump compared to the company’s Series B.
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.
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.
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. Enter C4U, a dynamic biotechnology venture has taken the helm of innovative genome editing technology.
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. Smart home security startup Kangaroo raised a $10M Series A from Greycroft Ventures.
The traditional world of vehicle insurance is not built for newer mobility models, like peer-to-peer, which is currently DigiSure’s bread and butter, or shared micromobility, which the company sees a lot of potential in. DigiSure is still new, so there’s room to grow, says Shim. valuation.
Bolt Mobility , the Miami-based micromobility startup 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.
Micromobbin’ Since we’re making predictions, I’d be remiss if I didn’t share some thoughts about what 2022 may hold for the world of micromobility. Crystal ball says… More e-bikes will hit the shared micromobility space. He also said we can expect a marriage between micromobility and the metaverse.
Bullpen Capital, NextView Ventures, and Mucker Capital also participated in the round. The company is currently trusted by thousands of businesses across six continents in a variety of verticals, including healthcare, micromobility and manufacturing.
TC Sessions: Mobility 2021 will feature an incredible lineup of speakers, presentations, fireside chats and breakouts all focused on the current and future state of mobility — like EVs, micromobility and smart cities for starters — and the investment trends that influence them all.
Aurora has attracted attention and investment from high-profile venture firms, management firms and corporations such as Greylock Partners, Sequoia Capital, Amazon and T. In the past year, Uber has dumped shared micromobility unit Jump, sold a stake in its growing but still unprofitable logistics arm, Uber Freight and acquired Postmates.
I covered Up.Labs — an entity that’s structured like a venture lab with a new kind of financial investment vehicle — when it launched last June with Porsche as the inaugural partner. Existing investor Breakthrough Energy Ventures as well as new backers Rio Tinto and WIND Ventures, the strategic venture arm of Copec also participated.
You’ll also have time to explore the show and hear speakers from game-changing companies share trends and insights on air mobility, micromobility, investing, cybersecurity, autonomous vehicles and more. A full day of online networking and demos — expand beyond the confines of the San Mateo County Event Center and achieve global reach.
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.
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.
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. The First Profitable Micromobility Company Was Veo, Not Lime,” you fired some shots at Lime and the tech bro-ey micromobility industry at large. Thank you!
“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. Will once-bootstrapped startups turn to venture during a watershed moment?
Are founders in fundraising mode short-sighted when it comes to working with Chinese venture funds ? ” Is it so bad to take money from Chinese venture funds? Advanced rider assistance systems: Tech spawned by the politics of micromobility. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
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. Startups and VC.
Populus, a San Francisco-based startup founded in 2017, has raised $5 million from new investors Storm Ventures and contract manufacturing and supplier company Magna along with existing backers Precursor, Relay Ventures and Ulu Ventures. Why micromobility may emerge from the pandemic stronger than before.
Whether you’re focused on air taxis, autonomous vehicles, electric vehicles, micromobility, robotics or other boundary-pushing tech, you’ll connect with influencers who can help move your startup needle in the right direction. TC Sessions: Mobility 2022 takes place on May 18-19 in in San Mateo, California, with a virtual component on May 20.
Investors — likely wowed by the success of electric efforts like Tesla’s with smaller cars — are putting their money behind these ventures to give them more firepower, and more credibility with would-be customers.
Putting your money into one of these leading companies could produce incredible returns over time for venture, institutional, and retail investors. Micromobility Scooters. As a venture investor these are especially painful because they fail slow, burning a lot of capital and time and hope along the way. Self-storage on Demand.
The startup’s CEO and co-founder Frank Reig didn’t place the entire blame on the COVID-19 pandemic, which has caused ridership to fall across shared micromobility services as well as public transit, for the company’s decision. It has been on a fast-paced growth track thanks to the $27.6 million as it eyes new markets.
MAX started out in 2015 as a delivery startup using motorcycles to fulfil customer orders before venturing into ride-hailing, and later into vehicle subscription and financing services – solutions it came up with based on the data from its first services.
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. In 2020, SkyDeck — along with much of the rest of the world — went virtual.
Whether you’re focused on air taxis, autonomous vehicles, electric vehicles, micromobility, robotics or other boundary-pushing tech, you’ll connect with influencers who can help move your startup needle in the right direction. TC Sessions: Mobility 2022 takes place on May 18-19 in in San Mateo, California, with an online component on May 20.
It’s the new venture of Adam Zhang , the hardware co-founder of Lime, the shared e-scooter company that is gearing up for an IPO ; Xiao Xiaotao, who managed Lime’s hardware R&D; and Sun Zhen, former chief designer of Chinese ride hailing giant Didi’s shared-bike program.
That app also included micromobility and ride-hailing information, allowing customers to not just look up bus schedules, but see how they might get to and from stops — or ignore the bus altogether. The following year, Metro Transit partnered with mobile ticketing company Masabi and added a payment option on some bus routes.
Whether you’re focused on air taxis, autonomous vehicles, electric vehicles, micromobility, robotics or other boundary-pushing tech, you’ll connect with influencers who can help move your startup needle in the right direction. TC Sessions: Mobility 2022 takes place on May 18-19 in in San Mateo, California, with an online component on May 20.
million in a seed round led by Quake Capital, Techstars Ventures, Kevin Uhlenhaker (the co-founder & CEO at NuPark, which was acquired by Passport) and Baron Davis. New investors include Ben Bear, Derrick Ko, and Zaizhuang Cheng of micromobility company Spin. The startup is still small, with just 11 full-time employees.
Startups and VC In a major blow to shared micromobility companies, Paris has voted to ban rental e-scooters from its streets, Rebecca reports. Meanwhile, Nintendo Systems, a joint venture between Nintendo and mobile games company DeNA is a go, Lauren reports. Carly has more. If it does, Google will give you the difference.
Micromobility is feeling the pain as well. Department of Energy revived an old loan program and its first recipient is the joint battery venture between GM and LG Energy Solution , which received a $2.5 You can also email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions, or tips.
Nova itself is a counterpoint to profit-focused corporate venture capital outfits, and is instead focusing on abilities to collaborate with the LG conglomerate across the board, in a few key verticals: the metaverse, connected healthcare, smart homes, electric vehicles (EV) and the wonderfully fuzzily named tech for good.
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. Preparing for fintech’s second decade: 4 moves your firm must make now.
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