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Electric scooter startups now are worth billions

The two-year-old scooter startup Lime has a remarkable financial history: According to a report, it is now worth two billion US dollars. The company raised $ 70 million in early 2018 as part of its financing round. Thus, the total financing in the spring already amounted to 132 million US dollars. In the summer of 2018, after a $ 335 million Series C round of financing, a valuation of $ 1.1 billion was cited.

Now, the industry service Recode of a D-round over 400 million US dollars have learned. That would catapult the rating of the two-year-old startup up to two billion US dollars, according to the magazine. The round is to be carried by the previous investors, says Recode.

The competitor Bird Rides had already been valued by investors with two billion US dollars in the middle of last year. Bird had completed a C round of $ 300 million and raised $ 415 million in venture capital. Bird was traded in this context as a takeover candidate for the mobility service provider Uber. Only a few days ago, Techcrunch speculated on another round of $ 300 million, which was first reported by the industry service Axios.

Technical defects: problems with the brake.

Lime pauses E-scooter rental in Switzerland The US startup has to check its entire Swiss fleet. Users had reported that the scooters had braked at full speed on their own.

Lime recently made headlines because electric scooters had to be taken off the road in Switzerland because of technical defects. Meanwhile, Bird is apparently in the starting blocks for a start in Germany: In Bamberg started a pilot experiment, and in the Berlin Commercial Register was registered in October 2018, a German subsidiary of the US company.

Also published on Medium.

Published inStartups

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