Dublin-based Zipp Mobility has raised €6.1 million to expand
its electronic scooter and bicycle operations.
The funding round was led by Fasanara Capital, a United
Kingdom-based asset manager, with follow-on investment from a number of
existing investors. The funding is a mix of equity and debt.
Charlie Gleeson, Zipp Mobility’s CEO and founder, says the
financial infusion “will help us bring this approach to more cities and provide
more people in Ireland, the U.K. and mainland Europe with sustainable, safe and
community-centric micromobility solutions.”
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Established in 2019, the company has e-scooter and e-bike
operations in nine cities in the U.K., Ireland and Poland.
Fasanara Capital CEO Francesco Filia says Zipp Mobility is
an “evolved player in the mobility space with a proven track record, sophisticated
tech infrastructure and a quality-driven approach, and we believe these factors
will continue to drive the company’s success in this fast-growing market.”
Zipp Mobility says it previously secured €2.1 million from a
number of private and angel investors and through a
crowdfunding campaign on the Spark crowdfunding platform.