micromobility

Shared scooter startup Voi reports its first profitable year as it explores an IPO

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Swedish shared micromobility giant Voi had its first profitable year in 2024, according to preliminary unaudited results the company shared exclusively with TechCrunch.  Voi, which offers shared e-scooters and e-bikes across more than 100 markets in Europe, recorded €132.8 million ($138 million) in net revenue in 2024. On an adjusted basis, Voi earned €17.2 million […]

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Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters

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Infinite Machine turned many heads when it revealed its metallic, cyberpunk-style electric scooter in 2023. Now one of Silicon Valley’s biggest venture capital firms is backing the startup’s vision of filling the world’s cities with Infinite Machine’s futuristic vehicles in a big way.  The New York-based startup has closed a $9 million seed round led

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E-bike maker Cowboy raises a small funding round as it targets profitability next year

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Cowboy, the Brussels-based company that has been designing and selling electric bikes that you can see in major cities across Europe, has closed a small, strategic funding round of €5 million (around $5.5 million at current exchange rates). That includes €1 million in debt facilities. While the amount isn’t as impressive as some of Cowboy’s

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Why Lyft’s CEO says ‘it would be insane’ not to go all in on bikeshare

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In the summer of 2023, Lyft was contemplating the sale of its micromobility business after receiving strong interest from prospective buyers. Today, the ride-hail company is doubling down on its docked scooter and bikeshare operations, positioning itself as the ideal partner for cities looking to enhance their urban transportation networks.  Since acquiring shared bike and

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Beam Mobility secretly deployed ‘phantom’ e-scooters in Australia and NZ to dodge fees and boost profits

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Shared e-scooter startup Beam Mobility has placed hundreds of extra “phantom” scooters on city streets in Australia and New Zealand to avoid paying vehicle registration fees to local governments, according to a two-part report from The Australian. Cities place caps on the number of vehicles operators can deploy to avoid saturating streets and sidewalks with

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