Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News. The funding round brings Also’s post-money valuation to $1 billion. The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian. Also […]
Rivian spinoff Also raises another $200M to build e-bikes and more Read More »
Early-stage micromobility has shifted over the last few years. The cowboy antics of e-scooter companies causing chaos in a bid to scale has faded along with those fat venture checks that are now flowing to AI startups. Tighter capital combined with an existential need to create sustainable business models has produced a new crop of
The startups rolling out of Europe’s early-stage micromobility scene Read More »
Shared micromobility startup Voi is on the hunt for acquisitions. And on CEO Frederik Hjelm’s wishlist is Bolt, the European mobility super-app best known for ride-hailing. Not that Bolt’s micromobility business is necessarily for sale — despite talk of Voi buying the company’s scooter and bike arm. Bolt declined to comment when TechCrunch reached out.
Voi CEO says he’s open to acquiring Bolt’s micromobility business Read More »
Walk around a big city like New York or Amsterdam long enough and you’re bound to notice something: tiny four-wheeled cargo carriers zipping down bike lanes. These battery-assisted vehicles, often called e-quads, are distinct from cargo e-bikes, which tend to be geared toward households. E-quads are larger and sport enclosed cargo holds, making them a
Honda dips its toes in cargo delivery micromobility Read More »
Lovefrom, the creative firm founded by former Apple chief designer Jony Ive, played a role in the development of Rivian’s first electric bike, according to multiple sources who spoke to TechCrunch. For about 18 months, a handful of LoveFrom staff worked alongside Rivian’s design team and engineers within a skunkworks program led by Specialized’s former
Jony Ive’s LoveFrom helped design Rivian’s first electric bike Read More »
Before RJ Scaringe founded Rivian in 2009, he had micromobility on his mind. More than a decade later, his musings took root in a small skunkworks program inside Rivian that set out to answer one question: Could the company’s technology be condensed down into something smaller and more affordable than its electric vans, trucks, and SUVs?
Rivian spins out a new micromobility startup called Also with $105M from Eclipse Read More »
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
Shared scooter startup Voi reports its first profitable year as it explores an IPO Read More »
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
Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters Read More »
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
E-bike maker Cowboy raises a small funding round as it targets profitability next year Read More »
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
Why Lyft’s CEO says ‘it would be insane’ not to go all in on bikeshare Read More »
