09 December 2019:
Neuron Mobility has raised $18.5 million in Series a round of funding. The funding round was led by GSR Ventures and Square Peg Capital.
Existing investors Seedplus and SEEDS Capital also participated in the funding round.
The company will use the fresh capital to accelerate it’s Australian and New Zealand roadmap, its foray into other Asia Pacific markets, and further development of its technology.
Zachary Wang. Co-founder and Chief Executive Officer, Neuron Mobility, said, “The world is on an irreversible trend to adopt micromobility services into cities of all kinds and sizes in the coming years. But it is not a standalone solution to transportation gaps. Successful implementation of scooter-sharing programmes can only happen when there is a strong partnership between local governments and technology providers.”
Harry Yu, CTO, Neuron Mobility, “It’s exciting to see the product iteration cycle becoming shorter in the micro-mobility space. We are committed to continuing our effort in developing new technologies that make this service a seamless integration with cities around APAC.”
Neuron Mobility was founded by Zachary Wang and Harry Yu in 2016. It operates e-scooter sharing services across Singapore, Malaysia, Thailand, and Australia. It also develops proprietary hardware which it claims improves rider safety and provides oversight and control to the cities in terms of speed, parking, and geofencing technologies.
(Image – Neuron Mobility)