Micro-mobility Firm Wind Mobility Announces $50 Million Series A Funding

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wind mobility

Berlin and Barcelona based micro-mobility startup Wind Mobility has announced picking up a fresh round of funding worth $50 million in Series A fundraising. Berlin-based VC firm HV Holtzbrinck Ventures along with Chinese VC firm Source Code Capital led the financing round. Notably, the two backers had earlier infused $22 million as part of seed capital in November last year. The total amount raised by the firm now stands at $72 million since its inception.

Eric Wang had started the company in 2017 as a platform that offers last mile transportation. The users can book the rides through the mobile app of the company. Through its e-scooters, the company claims to be helping reduce traffic and emission of carbon dioxide.

The 120 people employed team has its presence across 20 cities around countries like Germany, France, Spain, Israel, Austria, Portugal, Demark, Korea, and Japan. Wind has its own R&D center in China as well. The fresh funds will allow them to launch its third-generation scooters in new cities in Asia and Europe.

Eric Wang, the CEO of the firm commenting about the latest fundraising said, “This latest round of investment will play a pivotal role in the future of Wind Mobility, as well as the future of e-scooters in the wider mobility ecosystem. Our focus is on unit economics, and hardware and sustainability are one of the factors that sets us apart. We are very excited about the micro-mobility and the long term potential of the industry.”

Wind's EMEA region COO Matt Turzo talking about the firm said, “We have already set ourselves apart from other mobility companies by focusing heavily on safety, great riding experience, and providing delightful customer service – this new hardware will turbocharge our operational efficiency, and allow us to deliver a better ride to customers."

 

Image Courtesy : wind

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