Zipp Mobility, an Ireland-based micro-mobility provider, has raised €1.3 million in funding.
The company raised €562,000 via a Spark Crowdfunding launched earlier this year while €500,000 came from angel investors and €250,000 from Enterprise Ireland.
Charlie Gleeson, founder and CEO, says the company has “experienced great momentum in the last 12 months.”
He adds that Zipp Mobility will use the funding to expand in Europe.
The company holds licenses to operate in a number of locations across the U.K. including Taunton.
According to the company’s crowdfunding campaign it wants to launch up to 2,500 scooters in new markets.
Zipp Mobility adds that it has previously raised €1 million from professional and private investors.
Among recent highlights, the company lists revenue of €185,000 in five months, licenses in two further European countries and expanding the team to 18 people.
Rivals in the micro-mobility space have also attracted investor attention recently with Sweden-based Vassla raising $11 million in June while Germany-based Tier secured a $60 million debt facility for its own expansion.
More recently, Sweden-based Voi said it had added $45 million to its Series C funding bringing the total for the round to $250 million.