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- Funding & M&A in European Shared Mobility 💰
Funding & M&A in European Shared Mobility 💰
Plus, Voi highlights importance of shared mobility during strikes, and a launch for...
TOP STORIES 🔥
💰 Funding & M&A in European Shared Mobility (2024)
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According to the "State of European Mobility Startups 2024" report by Via ID, mobility remains one of the Top 5 most funded industries, but funding was -30% compared to the last year. Within this landscape, shared mobility startups accounted for less than 5% of total VC investment in European mobility.
pony was the only shared micromobility pure player to secure a major funding round. Their €23m Series B—comprising €13m in equity and €10m in asset-backed funding—aims to support expansion into 40+ cities and grow their fleet to over 30,000 vehicles. Instead of raising equity, Voi issued €50m in senior secured bonds with a four-year term. The oversubscribed offering highlighted strong investor confidence in Voi’s expansion strategy.
Mergers and acquisitions (M&A) were the primary forces reshaping the shared mobility landscape in 2024. Leading industry players pursued consolidation to strengthen market position:
Cooltra acquired Cityscoot and Felyx
Dott and TIER merged
Indigo took full control of Vélib' operator Smovengo while simultaneously acquiring its hardware supply ops from Fifteen
Surf acquired the European operations of Superpedestrian
These consolidations mark a strategic realignment in the shared mobility sector, signalling a shift toward scale, efficiency, and long-term sustainability amid a tighter funding environment.
🪧 Pressure relieved by shared mobility during strikes
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Voi published this GIF last week, showing the demand increase for their services as a result of the public transport strikes affecting multiple German cities. The above is of Berlin, where they recorded a record 36,000 trips in one day - but cities like Bochum, Rostock and Cologne were also affected.
Once again, shared mobility proves its value to cities when other parts of the transport network are down.
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LAUNCHES & EXPANSIONS 🚀
BikeAmor
Launch in Vila Verde (PT) 🚲 (30)
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PAUSES & EXITS 👋
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CITY UPDATES 🌐
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Calella (ES) | Stricter regulations for scooters (helmets, minimum age).
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INDUSTRY NEWS 🗞️
Bolt and Seville (ES) partner on study to improve the integration between public transport and shared mobility systems.
Hoppy close 2024 with almost €1 million in net profit.
Tripy secures investment from Fark Labs for European expansion.
ViaID and Dealroom publish State of Mobility Startups.
Zity by Mobilize will start operating under Mobilize Share.
Voi shows shared mobility demand growth during public transport strikes in Berlin (DE).
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That’s all for this week.
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