article thumbnail

Veo CEO Candice Xie has a plan for building a sustainable scooter company, and it’s working

TechCrunch

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!

article thumbnail

Zoomo raises $12 million to expand e-bike subscription offerings

TechCrunch

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Micromobility operator Veo raises $16M to fund U.S. expansion

TechCrunch

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.

article thumbnail

Uber spins out delivery robot startup as Serve Robotics

TechCrunch

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 venture capital firm Neo. TechCrunch reported in January that a deal was being shopped to investors. Image Credits: Serve Robotics.

article thumbnail

TechCrunch+ roundup: SBA startup loans, quarterly board decks, bootstrappers’ delight

TechCrunch

. “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.,

board 83
article thumbnail

Extra Crunch roundup: Klaviyo EC-1, micromobility’s second wave, UiPath CFO interview, more

TechCrunch

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.

article thumbnail

Daily Crunch: Pentagon locks down unsecured email server that exposed sensitive military data

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.