Given the speed and timing of COVID, there has been a rapid transformation in the European micromobility market. According to recent news stories and press releases, many of the largest operators have been in active late-stage fundraises to shore up their consumer offers, expand their fleets, and increase their geographic service areas.
Namely, Tier, Voi, and Bolt have been the standout micromobiity operators that have not only weathered the COVID-19 financial storm, but have been able to attract massive equity capital investment, scale their operations, and aggressively hire across all business units. Lime is the one US-based operator in Europe that has been able to sustain their offer in Europe, albeit with investment by Uber and the caveat that 66% of their growth has occurred outside their home US market.
+INFO: The Next Web