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

TechCrunch

“Their expectations for quality commercial vehicles, on demand service, flexible financing and tech enabled security features spurred us to innovate. 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.

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Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot

TechCrunch

The $75 million investment comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020 , Uber said. In the spring, Uber led a $170 million funding round in micromobility startup Lime. To date, Joby Aviation has raised $820 million.

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Bird to go public via SPAC, at an implied value of $2.3B

TechCrunch

and MidCap Financial Trust provided an additional $40 million asset financing. The transaction will enable the combined entity to retain net proceeds of up to $428 million of cash, according to Switchback, which brings $316 million cash-in-trust to the table. Micromobility’s next big business is software, not vehicles.

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Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

TechCrunch

The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years. The startup introduced vehicle financing in 2018, and in just over two years, CFO Guy-Bertrand Njoya told TechCrunch, the churn rate by drivers affiliated to them has crashed to “close to zero.”. “We

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Leoparda Electric is bringing battery swapping for two-wheelers to LatAm

TechCrunch

So if we build the infrastructure, we enable them to access these huge potential savings.” Swobbee , a Berlin competitor, is doing something similar in Europe with smaller micromobility vehicles.). Sarvary says that’s about 50% of what couriers typically spend on vehicle financing, gas, insurance and other expenses.

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The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America

TechCrunch

Finally, i f you, like me, are curious about how micromobility platforms are unlocking profits, and what tech is enabling this, you’re going to want to pay attention to this one. Voi says it has just reached 100 million micromobility rides across 80 cities in less than four years. .

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UrbanTech News Roundup

Dream It

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. Bowery Valuation raised a $12M Series A for their tech-enabled real estate appraisal platform. Laser scans & spatial maps will be critical to restoring Notre Dame.