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Electric Vehicle Electronics Public Transportation Rental Transportation Western Europe

Micromobility startup Voi raises $45 million to end sidewalk riding, improve safety

– Micromobility startup Voi has raised $45m.
– The funding will be used to research and develop technology that will improve safety, keep users from riding on sidewalks and ensure scooters are properly parked.
– The company is also investing in its next-generation scooter.

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Central-Eastern Europe Food Delivery Mobile Apps Public Transportation Ride Sharing

Bolt Raises $713M in Funding at $4.75 Billion Post-Money Valuation

– Bolt, a Tallinn, Estonia-based ride-hailing company, raised $713m in funding.
– The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.
– The new investment will be used to boost its new grocery delivery service, Bolt Market, and accelerate its expansion of existing mobility and delivery products.

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Public Transportation Transportation Travel Western Europe

FlixMobility Raises $650M in Series G Equity and Debt Financing

– FlixMobility is a Munich, Germany-based provider of a transportation app.
– Series G $650m round was led by Canyon Partners with participation from existing investors General Atlantic, Permira, TCV, HV Capital, Blackrock and Baillie Gifford.
– The company intends to use the funds to expand its network in the US, the UK and Portugal its position in Turkey, France and Eastern Europe, and grow into new markets.

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Cloud Infrastructure Enterprise Software Mobile Payments North America Productivity Tools Public Transportation SaaS

Passport Raises $90M in Funding

– Passport is a Charlotte NC-based transportation software and payments company.
– The company raised $90m in funding.
– The round was led by Sixth Street Growth.
– The new investment will be used to expand operations and to further improve the digital platform infrastructure.

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Artificial Intelligence Asia GovTech Public Transportation SaaS

Optibus Raises $107 Million and Launches Geospatial Suite to Help Cities Shape the Future of Urban Mobility

– Optibus announced that it has raised $107m in a Series C round, co-led by Bessemer Venture Partners and Insight Partners.
– The funding comes as Optibus is launching one of its most significant updates: the Geospatial Suite, which significantly improves transportation networks and transit equity through the use of data-driven planning.
– Optibus will use the funding to continue expanding its global presence and enhance product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers while also increasing operational efficiency. The funding will also go toward accelerating the deployment of zero-emission vehicles – replacing mass transit fleets based on fossil fuels and lowering emissions worldwide, just as the US rejoins the Paris Agreement and the mitigation of climate change once again becomes a global effort.

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Europe Food Delivery Mobile Apps Public Transportation Ride Sharing

IFC backs Bolt with $24M to expand its transportation network in emerging markets

– Bolt, an Uber competitor, raised $24m in funding.
– The funding was led by IFC and joined by existing investors.
– The company plans to expand its services in Eastern Europe and Africa.

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Charter Schools Europe Public Transportation Ride Sharing Transportation Travel

BusUp Raises $6M in Series A Funding

– BusUp is a Spanish corporate bus commuter management solution in the E.U. and LatAm.
– The company closed its $6m Series A financing.
– The round was led by Proeza Ventures, and supported by US transportation venture capital firm Autotech Ventures (investor in Lyft and Volta Charging), and IESE’s Business School venture fund Finaves V, among others.
– The company intends to use the funds to accelerate commercialization of its flexible and shared corporate commuting services in the United States and consolidate other existing markets.
– It will also be used to scale the technology and develop new products.

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