Dott, an Amsterdam, the Netherlands based micro mobility company has now secured €20 Million in the funding round of Series A. The round was led by the EQT Ventures and Naspers Ventures with collaboration from the DN Capital, Axel Springer, Digitial Ventures, U start Club and some of the angel investors.
The company as of now has a plans to use the funds to launch up its eBikes and eScooters across all the European cities. The startup which is co-founded by the Henri Moissinac, and Maxim Romain, Dott offers the affordable and green mobility solutions to the citizens and cities with the dockless shared eBikes and eScooters.
The company sturdier eScooters have the 10th wheels for the regular road trip, full decks for the optimized center of gravity, double brake system for the safety speed cap at 20km/h and a longer charging autonomy to increase the availability.
Maxim Romain, CEO, and co-founder of Dott, said: We believe we can significantly reduce the number of cars in cities if we make green vehicles like e-bikes and e-scooters an enjoyable and practical experience for city residents. This is why we focus on well-designed vehicles, safety, and sustainability – so we’re still operating in cities in 20 years. Our ‘locals with locals’ approach fully empower local teams to tailor their operations to the specific needs of each municipality.
Lars Jörnow, partner and investment advisor at EQT Ventures, said: Due to environmental and congestion concerns, last mile transport in cities has to get smarter and it’s no surprise that eScooter adoption is rapidly increasing. The team was impressed by dott’s dedication to locals with locals approach and its mission to make micro-mobility more efficient and environmentally friendly. We look forward to working closely with Maxim and Henri over the coming years.
Martin Tschopp, COO, Naspers Ventures, said: Naspers invests in companies that address big societal needs in markets where we see the greatest growth potential. This will be our first investment in mobility in Europe, a dense and ripe region for disruption, in short, inner city commuting. The dott team has experience in local mobility like no other team we have seen in Europe tackling micro-mobility.
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