Tag Archives: Investment

NoTraffic raises $17.5 million from former Uber exec

NoTraffic has raised $17.5 million in a Series A round led by Nielsen Ventures, a firm founded by former Uber and Dropbox executive and ex-Balderton Capital GP Lars Fjeldsoe-Nielsen and VEKTOR Partners, a VC firm focused on mobility disruption. Leading early-stage venture capital investment firm Grove Ventures, insurance leader Menora …

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Tier raises $60 million in asset-backed financing from Goldman Sachs to fuel e-scooter fleet expansion

Tier has secured $60 million of asset-backed financing from Goldman Sachs. The debt facility from the investment banking, securities and investment management firm is the ‘first’ of such scale in micromobility, said Tier, and will fuel the operator’s e-scooter fleet expansion for 2021. This follows Tier’s recent $250 million Series …

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Zoomo secures $12 million from investors, announces new customer partnerships

E-bike innovator Zoomo has secured $12 million from new and existing investors as they expand into new markets and invest in further innovation of its commercial use electric bike platform. AirTree Ventures led the capital raise as a new investor, with follow-on support from existing investors the Clean Energy Finance …

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Bird commits to sustainable mobility in Europe with $150 million investment

Bird is investing $150 million in Europe in 2021 as part of its commitment to helping sustainable mobility and tech innovation thrive in the continent. The funds will be used to open safe, sustainable micromobility programmes in over 50 new European cities. The company will also be launching new mobility …

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Lime to expand e-bike service as part of $50 million investment

Lime has announced a $50 million investment in e-bikes, including new and improved hardware and plans to expand its service to an additional 25 cities this year. The company’s newest e-bike model will hit city streets this summer as it aims to expand its fleet globally. “As we build out …

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UK AI company Vivacity Labs to expand globally with £5 million Series A funding

London-based tech company Vivacity Labs has secured £5 million of Series A funding in a VC round led by investor Mobeus, with additional funding from existing investors Downing Ventures and London Co-Investment Fund. Vivacity Labs works with government, regional bodies and local councils to rethink and optimise the way traffic …

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Rad Power Bikes ushers in ‘new era for mobility’ with $150 million investment

Rad Power Bikes has announced a minority investment of $150 million. The investment is from Counterpoint Global (Morgan Stanley), Fidelity Management and Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. Rowe Price Associates. Existing investors Durable Capital Partners …

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Innovate UK awards £139,000 to e-bike developer CrownCruiser

UK-based e-bike developer CrownCruiser Motors has been awarded £139,970 from Innovate UK’s Sustainable Innovation Fund. The grant will enable CrownCruiser to set up an operations and assembly centre in Sheffield, working in partnership with Sheffield City Region to build, promote and sell the Rapture. “This moment is many years in …

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HumanForest secures £1.25 million crowdfunding investment

HumanForest has secured its target crowdfunding investment of £1.25 million. The campaign is now overfunded thanks to commitments from more than 445 investors. Capital raised will be used by HumanForest to acquire 1,500 electric bikes, expand into 15 London boroughs by summer 2021 and grow internationally in 2022. HumanForest launched …

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Voi raises $160 million in new funding to accelerate expansion

Voi has raised $160 million in new funding led by The Raine Group. Investors including VNV Global, Balderton, Creandum, Project A, Inbox, Nordic Ninja and sustainability-focused investors, including Stena Sessan, also participated in the round and were joined by entrepreneurs and executives to global companies, including Delivery Hero, Klarna, iZettle, …

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