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. But the war for funding […]
Segway makes its first foray into sidewalk robot delivery with Coco partnership
Segway sees a future for sidewalk delivery robots and is now preparing to be the burgeoning industry’s go-to manufacturer. The company, which has supplied electric scooters for almost all of the major shared micromobility operators, is partnering with Los Angeles-based delivery robot startup Coco to build 1,000 partially automated, remotely piloted sidewalk robots. Coco will begin deploying […]
Tier scoots off with ‘first close’ of its $200M Series D
Berlin-based e-scooter rentals company Tier Mobility has announced what it’s billing as the “first close” of a $200 million Series D, as investors continue to plough money into urban micromobility. Today’s announcement follows a $60M debt raise this summer, and a $250M Series C last November (led by SoftBank). It’s not clear from its PR […]
Bolt Mobility launches in-app navigation for shared e-scooters
Bolt Mobility, a micromobility company co-founded by Olympic sprinter Usain Bolt, has launched an in-app navigation system for its e-scooters dubbed “MobilityOS.” To make this feature easy to use, Bolt’s next generation of scooters, the “Bolt Two,” allows a rider’s smartphone to be mounted to, and charged by, the scooter. The simple act of adding […]
Sharing mobility data without compromising privacy
Innovative mobility options provide cities with opportunities to solve the last-mile transportation problem, and the data from these services has a range of uses, but there are valid privacy concerns.
E-scooter company Fenix acquires Palm for $5M, gains entry to Turkish market
Abu Dhabi-based micromobility company Fenix has acquired Palm, a shared e-scooter company in Turkey, for $5 million – the exact amount the company raised last November and this past February during its seed round. Despite having not even raised a Series A round yet, Fenix scrounged together the cash and equity needed to fund this […]