Business

Partnerships, acquisitions and investment news

Cowboy raises $26 million in funding round

Cowboy has raised $26 million (£20 million) in a Series B funding round. As a result of the round, which included investments from Isomer Capital, HCVC, Exor Seeds, Future Positive Capital and Index Ventures, Cowboy plans to hire an additional 30 employees in the next six months, scale its production …

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Advanced tracking, voice guidance and emergency 999 buttons: e-scooters are more than a simple transport alternative

Neuron Mobility weighs in on a transport revolution ahead of its launch in the UK E-scooters could become a key new mode of transport after the Government legalised the use of shared e-scooters this month, to give people a more individual transport option that allows them to continue social distancing …

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SoundCloud founders launch e-bike subscription business

The founders of music streaming app SoundCloud have launched an e-bike subscription venture. The startup, Dance, has introduced an invite-only service in Berlin this week, with subscriptions priced at €59 per month. Users download an app and register for the service, and a fully-assembled e-bike is delivered to a subscriber …

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Google Maps integrates detailed bike-sharing information

Google has introduced advanced bike-sharing information into its Maps navigational platform. The new feature, which includes live bike and docking availability, has rolled out in ten cities throughout the world: Chicago, London, Mexico City, Montreal, New York, Rio De Janiero, San Franciso, Sao Paulo, Taipei and Washington. It will roll …

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HumanForest rolls out in Camden following ‘exceptional demand’

HumanForest has arrived in Camden after ‘exceptional demand’ following its launch in Islington at the end of June. The shared e-bike scheme saw 3,000 users register within two weeks of launch. In order to meet the growing demand, HumanForest is rolling out an additional 1,000 bikes in the coming months. …

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European e-bike imports drop 30%

LEVA-EU has revealed the European import and export statistics for electric bicycles in 2019, with imports from outside the EU shrinking by around 30%. In 2018, there were still more than one million electric bicycles with pedal assistance up and a power of no more than 250W imported into the …

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Swiftmile raises $5 million for micromobility charging stations

Swiftmile has raised $5 million as it looks to further deployment of its charging stations for e-bikes and e-scooters throughout US and European cities. The investment round, led by Thayer Ventures with participation from Verizon Ventures, Alumni Ventures Groups and WSGR, brings total Swiftmile funding to $11 million. The startup …

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‘UK’s largest’ e-bike shop set to open in Edinburgh

The Electric Cycle Company (ECC) is moving to a 4,000 square foot, carbon-neutral premises in Edinburgh. Boogie, host of Forth 1’s Breakfast Show, joined Neill Hope, MD of the Electric Cycle Company, to launch a crowdfunding campaign to renovate the building into a new store and workshop, the “biggest e-bike …

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‘Talking e-scooters’ to arrive in UK as Neuron Mobility expands

Neuron Mobility plans to expand into the UK after finding success in Australia and New Zealand. The Singaporean brand, known for what it calls the first ‘talking’ e-scooter, is being backed by investments of over £16 million as it looks to further its reach. CEO Zachary Wang said: ”We regard …

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E-scooter sharing company Beam attracts $26 million investment

Micromobility start-up Beam has raised $26 million in a new financing round. The round was co-led by Sequoia India and Hana Ventures, with participation from RTP Global, AppWorks, Right Click, Cherubic and RedBadge Pacific. To date, the startup has raised $32.4 million. Founded in 2018, the e-scooter sharing service is …

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