Mobility startup Dott raises $23 million for its durable electric scooters and bikes
Urban transportation startup Dott announced today that it has raised $23 million in venture capital as the electric scooter and bike company prepares to launch its first pilot early next year.
Founded in Amsterdam earlier this year by French expats Maxim Romain and Henri Moissinac, the company says its scooters are designed explicitly for urban use, with wider wheels for better grip, wider decks for more stability, and more effective brakes.
In addition, the modular design allows all parts to be repaired or replaced, easing maintenance. The company also vows to work directly with local governments and partners to launch services that are tailored to cities’ needs and regulations.
“We believe we can significantly reduce the number of cars in cities if we make green vehicles such as eBikes and eScooters an enjoyable and practical experience for city residents,” Romain said in a statement. “This is why we focus on well-designed vehicles, safety, and sustainability – so we’re still operating in cities in 20 years.”
The round was led by EQT Ventures and Naspers Ventures. The round also included money from Axel Springer Digital Ventures, DN Capital, Felix Capital, FJ Labs, U-Start Club and various angel investors.
“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,” said Lars Jörnow, partner and investment advisor at EQT Ventures, in a statement.
The company is launching its first electric scooter pilot in January at Paris’ Station F startup campus. The program will be linked to Station F’s new co-living space, Flatmates.
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