Wind Mobility raises USD 50 Mn for second round of expansion

Berlin and Barcelona-based micro-mobility startup, Wind Mobility has disclosed $50 million in Series A funding. The company was initially into bike rentals but later moved its focus on operating e-scooter rentals in Europe, Israel and Asia. Earlier the company had raised $22 million from Chinese Source Code Capital and Europe’s HV Holtzbrinck Ventures.

Wind, which has operations throughout Europe and Asia, employs over 120 people worldwide, including at its own R&D center in China. The company offers its services in over 20 cities across the globe including in Germany, France, Spain, Israel, Austria, Portugal, Demark, Korea and Japan.

After eight months into development, the company has unveiled “third generation” e-scooters which they claim to be significantly more durable and best-in-class for battery life, with the ability to drive 65-80km between charges.

“We have already set ourselves apart from other mobility companies by focusing heavily on safety, great riding experience, and providing delightful customer service – this new hardware will turbocharge our operational efficiency, and allow us to deliver a better ride to customers,” said Matt Turzo, COO for the EMEA region.