Mobility specialist Zeus Scooters has acquired Ireland-based e-bike and e-scooter company Zipp Mobility for an undisclosed sum.
The acquisition provides Zeus with further reach in the United Kingdom and Ireland markets, according to a release.
It's the second acquisition in recent months for Zeus, which announced the acquisition of e-scooter company Zwings in a cash and equity deal in August.
It also landed funding of €5 million with investors including Enterprise Ireland and BVP Investments.
Both Zeus and Zipp were founded in 2019, with the latter announcing funding rounds of €1.3 million in 2021 followed by €6.1 million last year.
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The acquisition of Zipp expands Zeus’ operations to more than 50 locations in nine countries including the U.K., Ireland, Italy and Poland.
Damian Young, founder and CEO of Zeus, said: “We have been very impressed with what Zipp has achieved over the past number of years and are very excited to bring the Zipp team and expertise under the Zeus umbrella. This acquisition is a testament to the hard work and dedication of both teams, and we look forward to bringing our industry-leading safety features to even more customers.”
Charlie Gleeson, founder and CEO of Zipp Mobility, said: “In essence, we are two companies who share the same core mission and values, to make our cities more accessible to all, through affordable and sustainable modes of transport. I am very proud of what both companies have achieved individually, but I am more excited for what we can achieve together as the leading micromobility company in Ireland.”
In February, Turkey-based mobility provider Binbin announced the acquisition of GO Sharing, a Netherlands-based e-scooter business.