Fundz

Drop Mobility lands growth funding from Decathlon Capital Partners to fund expansions of the white-label e-bike share company through an innovative, shareholder-friendly financing structure.

PRIVATEMar 25, 2024

Round Type

Funding Round

TorontoSoftwareTransportationE Commerce

Investors

Decathlon Capital Partners

Description

Drop Mobility, a rapidly growing e-bike share company, has landed a growth funding package from Decathlon Capital Partners to support its continued expansion. The revenue-based transaction will fund expansions of the white-label e-bike share company through an innovative, shareholder-friendly financing structure. Details of the revenue-based investment package were not disclosed.

Who else raised in Transportation and E Commerce around the same time

Companies in the same sectors as Drop Mobility that raised within 45 days of this round, from Fundz verified event records.

  • Wayve Technologies Limited raised $1.1B (Series C) on May 6, 2024.
  • Bolt raised $236M (Funding Round) on May 3, 2024.
  • Ageras raised $89M (Post-IPO Equity) on April 30, 2024.
  • NEWTRUL raised $42M on April 24, 2024.
  • Zypp Electric raised $40M (Series C) on April 12, 2024.
  • Platform Science raised $125M (Funding Round) on April 9, 2024.

Who to call at Drop Mobility, and when

A new round usually means Drop Mobility is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Drop Mobility raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Drop Mobility, from your own LinkedIn network

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Company Information

Company

Drop Mobility

Location

Toronto, Ontario, Canada

About

Drop Mobility allows cities in the United States to run e-bike share systems to enable sustainable, local, micro-mobility across the country. The company offers best-in-class e-bikes, a full-stack software platform, and a dedicated operations division. Municipalities or transit agencies can purchase or lease Drop Mobility’s bikes. The entities can then subscribe to software on long-term contracts that allows them to offer the e-bikes at fair prices to make them easier to access.

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Drop Mobility raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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