The German shared vehicle software brand Wunder Mobility has attracted €12 million, to help expand its global offering.
Wunder Mobility, founded in 2014, specialises in developing software and optimised hardware for the shared e-bike, e-scooter, e-moped, and car sharing markets.
In its latest funding round, Wunder Mobility pulled in investments from the likes of KCK, Blumberg Capital, and others.
Wunder Mobility founder and CEO Gunnar Froh said: “This sizable investment underscores the commitment of our investors to our strategy of accelerating clean and affordable mobility through sharing. It will extend our lead in micro mobility software and enable us to provide the most advanced technology and support to ambitious operators in the space.”
“Consumer appetite for shared mobility services continues to increase and our customers are experiencing strong growth with the help of our technology platform. We have seen 45% year-on-year growth in platform revenue in the first half of 2022 compared to the first half of last year. We will continue to make sizable investments into our software and customer service over the coming years to support the success of all the operators we work with.”
Wunder’s platform is currently used by operators around the world in more than 200 cities, including the likes of London-based bike share operator Human Forest.
The number of people using shared mobility accelerated significantly during the pandemic and growth rates in the sector are expected to remain high in the coming years. McKinsey & Company forecasts the micro mobility sector to be a $300 to $500 billion market by 2030.
David Blumberg, founder and managing partner at Blumberg Capital said: “Technology-driven advancements in shared mobility services positively impact individuals, businesses and society as mobility becomes more efficient, accessible and sustainable. Vehicle sharing operators have a choice in how they approach technology investments. They can take on time and cost-intensive software development and hardware sourcing or they can leverage a proven technology platform like Wunder Mobility to accelerate new products or scale existing offerings.”