Dott raises €85m 🔵

Plus, Donkey Republic revenue up 8.2% YoY in Q3, and Sheffield eyes a bike scheme...

Harry Maxwell
04 Nov

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🔵 Dott raises €85m

Dott has secured €85 million to deploy a new fleet of bikes and scooters. The funding comes from an “oversubscribed” €70m bond issuance in the Nordic market. The company is also raising a minimum of €15 million in a Series D funding round extension.

The funds will be used to progressively replace all vehicles in existing markets over the coming months, and to improve operational performance & unit economics, user experience, and reduce maintenance costs.

The operator has no plans to IPO in the next two years.

🟠 Donkey Republic

Donkey Republic posted solid Q3 2025 results, with revenue reaching €7.2 million, up 8 % year-on-year. Rider revenue grew 14 % to €5.3 million, while EBITDA climbed 21 % to €2.8 million, reflecting strong demand and operational efficiency.

Building on this momentum, Donkey Republic launched its “Ride and Do Well” strategy, aiming for break-even earnings before tax by 2026. A planned €1.1 million private placement will support fleet expansion, technology improvements, and risk management.

By 2030, the company targets 60,000–70,000 bikes, annual revenues of €52–62 million. With its focus on profitable, sustainable mobility, Donkey Republic seeks to strengthen its leadership in Europe’s fast-growing micromobility sector — aligning financial performance with environmental and social impact.