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Partnerships, acquisitions and investment news

Nottingham e-bike company WAU expands with 88 new jobs 

88 new jobs and full throttle company expansion for WAU e1643797592533 Nottingham e-bike company WAU expands with 88 new jobs 

The Nottingham-based e-bike brand WAU has announced a rapid expansion with 88 new job roles.  WAU, founded in 2017, is currently in the process of scaling up its business operations to expand into international sales, both in Europe and America.  The Nottingham-based brand, which also has a factory in Essex, …

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London’s e-scooter trial exceeds half a million trips

Dott Lime and Tier selected for Londons e scooter trial London's e-scooter trial exceeds half a million trips

TfL and e-scooter operators Dott, Lime and Tier have released new data that shows the progress of the capital’s trial, with more than 585,000 trips now made, covering a total of 1.6 million kilometres. Around 180,000 people have used the scheme to date and the most rides by a single …

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Irish e-bike firm Modmo secures €8.7 million seed investment 

Modmo Technologies Founder and CEO Jack OSullivan e1643714162165 Irish e-bike firm Modmo secures €8.7 million seed investment 

Irish e-bike company Modmo has raised  €8.7 million (£7.2 million) in its seed investment round, led by €5 million from Ballymore Group CEO Sean Mulryan.  Modmo was founded in March 2020 by 25-year-old Irishman Jack O’Sullivan, who wanted to help get more people on bikes and out of their cars. …

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Dott raises additional $70 million in Series B funding round

DSC08944 e1643711207417 Dott raises additional $70 million in Series B funding round

Shared transport operator Dott has raised an additional $70 million in its Series B funding, bringing the total raised to $150 million this round. Founded in 2018, Dott now operates in 36 cities and nine countries across Europe, including a fleet of e-scooters and e-bikes in London.  After announcing $85 …

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London e-scooter operators unveil  plans for new ‘universal sound’ to alert pedestrians of approach 

TIER E Scooter Parking scaled 1 e1638958733537 London e-scooter operators unveil  plans for new ‘universal sound’ to alert pedestrians of approach 

London e-scooter operators have combined efforts to develop a new ‘universal sound,’ which alerts pedestrians to approaching scooters.  With the help of researchers from University College London, the universal sound will eventually be installed on Tier, Lime and Dott shared machines in the hopes of improving safety for pedestrians, particularly …

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E-bike designer Cowboy raises $80m in latest funding round 

Cowboy e bike e1643285856471 E-bike designer Cowboy raises $80m in latest funding round 

Belgian e-bike designer Cowboy has raised $80 million in its latest funding round, as the company eyes further US expansion. Currently available across Europe, including the UK, and in the US, Cowboy raised the $80 million (£59 million) in Series C financing thanks to investors Exor, HCVC, and Siam Capital, …

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Ison Distribution receives delivery of 2022 Benno e-cargo bikes following delays 

Benno bikes delivery image e1643282327186 Ison Distribution receives delivery of 2022 Benno e-cargo bikes following delays 

Ison Distribution has received a delivery of 2022-range Benno e-cargo bikes following delays.  The UK-based distributor said it has received the Benno Boost, eJoy and RemiDemi models in its latest delivery, with limited stock available for immediate delivery to dealers.  Ison said that a significant number of the models are …

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Beryl celebrates first anniversary of Bournemouth and Poole e-scooter scheme

Beryl 13 Beryl celebrates first anniversary of Bournemouth and Poole e-scooter scheme

Micromobility provider Beryl is celebrating the first anniversary of its e-scooter scheme in Bournemouth and Poole. Launched on 25th January 2021 in partnership with BCP Council, the DfT pilot scheme surpassed a million kilometres (1,006,442km) over the weekend from 264,346 separate journeys in its first year. Feedback from users shows …

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HumanForest partners with London-based property company Romulus to facilitate sustainable travel

HumanForest x Romulus press image HumanForest partners with London-based property company Romulus to facilitate sustainable travel

HumanForest has formed a new partnership with London-based property company Romulus to facilitate free and sustainable travel for its employees and workspace members. The partnership launches in light of last week’s government guidance to encourage employees to make the transition back to the physical workplace post-Covid 19. The partnership will …

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Lime announces £20 million investment in London e-bikes and scooters over next 18 months 

Lime e1642606162376 Lime announces £20 million investment in London e-bikes and scooters over next 18 months 

Lime has announced a major £20million investment in London over the next 18 months, as the brand approaches a significant milestone for its shared transport platform. Headquartered in San Francisco in the USA, Lime launched in London at the end of 2018 and has grown significantly throughout the pandemic, with …

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