PYMNTS-MonitorEdge-May-2024

Micromobility

Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
February 02, 2024  |  Transportation

Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2). The company was in the midst...

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E-Scooter Startup Bird Declares Bankruptcy Following Delisting
E-Scooter Startup Bird Declares Bankruptcy Following Delisting
December 20, 2023  |  Transportation

Bird, the once high-flying electric scooter startup, has filed for bankruptcy. The Miami-based company announced its Chapter 11 filing two years after going public, one...

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Ola Electric’s Rapid Growth Sparks Early IPO Plans
Ola Electric’s Rapid Growth Sparks Early IPO Plans
July 17, 2023  |  IPO

Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. This change is due to its success...

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HumanForest Raises $15 Million to Grow UK eBike Business
HumanForest Raises $15 Million to Grow UK eBike Business
April 30, 2023  |  Ridesharing

U.K.-based micromobility firm HumanForest has raised $15 million to boost its eBike technology. The company announced its Series A funding Friday (April 28), saying it...

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Paris to Ban eScooter Rentals After Being Pioneer in Micromobility
Paris to Ban eScooter Rentals After Being Pioneer in Micromobility
April 03, 2023  |  Transportation

Paris will ban electric scooter rental services effective Sept. 1. The move follows a Sunday (April 2) referendum in which 89% of those who voted...

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European eBike Startup Dance Raises $12.8M
European eBike Startup Dance Raises $12.8M
February 16, 2023  |  Investments

Micromobility startup Dance has raised about $12.8 million to expand its eBike offerings in Europe. The company, which offers electric bike and moped subscriptions to...

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Ampler and Kõu Merge to Expand Micromobility in Estonia
Ampler and Kõu Merge to Expand Micromobility in Estonia
February 14, 2023  |  Partnerships / Acquisitions

Estonian micromobility companies Ampler and Kõu Mobility have decided to merge. The companies inked an investment and share-swap agreement that makes Kõu the new majority...

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Micromobility Firm Lime Debuts in Qatar
Micromobility Firm Lime Debuts in Qatar
January 18, 2023  |  Transportation

The micromobility company Lime has launched its electric bikes and scooters in Qatar. The company said in a press release on Wednesday (Jan. 18) that...

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Tougher eScooter Rules in Paris Highlight Diverging EU Micromobility Approach
Tougher eScooter Rules in Paris Highlight Diverging EU Micromobility Approach
November 30, 2022  |  Transportation

Paris micromobility firms have introduced new rules for electric scooters. Following threats from city officials to not renew operating licenses next year due a lack...

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