Wind Mobility, the international e-scooter sharing company, announces today that it has secured $50 million of funding to propel its continued growth. The money has been committed by Wind’s existing investors.
Wind Mobility, which has operations throughout Europe and Asia, employs over 120 people worldwide, including at its own R&D centre in China. The company offers its services in 20+ cities across the globe including operations in Germany, France, Spain, Israel, Austria, Portugal, Demark, Korea and Japan. WIND aims to be profitable in all the cities it operates and focuses on sustainable growth.
Wind was established in 2017 as a bike sharing company in Frankfurt, Germany. A further $22m of Series A funding was secured in October last year after the pivot to dockless scooter sharing.
The new round of investment will allow Wind to continue expanding the firm’s operations in cities throughout Asia and Europe, and roll out its 3rd generation of scooter, one which the company has been field testing and sees as revolutionary in the future of e-scooters and city mobility. Through 8 months of development, the Wind scooter has been redesigned from the ground up for micro mobility sharing, to be fleet-ready, setting a new standard for battery life and hardware durability.
Key features including smart swappable battery solution, a first for a sharing scooter company, best-in-class battery life with the ability to drive 65km – 80km between charges. The scooter also has the highest waterproofing with IP 67 standard and strong durability that can last over 12 months in the tough sharing environment.
Along with the new scooter, Wind will soon be unveiling a new brand identity to enhance its visual appeal to current and future customers. The work has been led by London’s award-winning branding agency, Ragged Edge.
Eric Wang, founder of Wind Mobility, commented: “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, hardware and sustainability is one of the factors that sets us apart. We are very excited about the micro mobility and the long term potential of the industry. ”
Matt Turzo, EMEA COO, added: “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.”