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Korean micromobility startup Swing grabs $24M for growth, expands to Japan 

TechCrunch

Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others.

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Acton’s latest acquisition hints at the future of docked micromobility

TechCrunch

The term “shared micromobility” often calls to mind that Lime e-bike on the nearest street corner or the Voi e-scooter parked next to the bus stop, either of which could on any given day be standing upright or knocked over onto the pavement. That might be changing. Acton , a U.S.

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Singapore’s Neuron is taking the slow and steady approach to micromobility

TechCrunch

million Series B round, bringing its total capital investment to $77.7 The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. Neuron isn’t the only micromobility company that is pursuing limited vendor permits and a slower, more organic growth plan.

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Japan’s Five-Year Development Strategy unveils KANSAI Startup Night Vol. 4

AsiaTechDaily

The plan aims to boost the Japanese startup ecosystem by investing 10 trillion yen, creating 100,000 new startups, and nurturing 100 unicorns by 2027. Backed by alliances and investments from industry titans such as Yamaha Motor and Panasonic, Glafit’s scope spans design to mass production and sales of micromobility vehicles.

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

TechCrunch

The transaction announced Tuesday is part of a complex deal that includes Uber investing $75 million into Joby and an expanded partnership between the two companies. 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.

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

TechCrunch

Zoomo also wants to build up its consumer model, which mainly serves couriers but is extending to commuters, and will invest in the development of its next generation of vehicle offerings. “We It also launched a new subsidiary to finance the vehicles, along with its software, to shared micromobility providers.

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Tier Mobility acquires Spin from Ford, marking entry into North America

TechCrunch

Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Ford, which purchased Spin for $100 million back in 2018 , will maintain a strategic investment in Spin, according to Spin CEO Ben Bear.