Top European investors are betting the crazy $3 billion US scooter trend will go global

Lime scooterLime

  • The buzziest startup idea in the US right now involves dumping hundreds of dockless scooters in a city and then hiring them out to people who want to make short trips.
  • Scooter rental startups Lime and Bird were only founded last year but have raised million of dollars in funding and racked up a collective valuation of $ 3 billion.
  • Two big-name European investors, Index and Atomico, jumped on funding rounds just as the trend is set to hit Europe.
  • Index partner Martin Mignot said taking scooters and other light electronic vehicles for short trips could be as common as taking public transport.
  • Bird registered a UK company in May, showing it’s preparing for a European launch.

Top European investors Atomico and Index Ventures have separately made bets on two US electric scooter startups, hoping to win big on the buzzy trend before it takes off globally.

Atomico has invested an undisclosed amount in Lime, while Index Ventures led Bird’s $ 100 million Series B round earlier this year.

See the rest of the story at Business Insider

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SEE ALSO: Cities grappling with how to deal with electric scooters

DON’T MISS: A startup in the West Coast scooter sharing craze is already worth $ 1 billion — here’s what it’s like to ride a Bird scooter

Post Author: martin

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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