European Micromobility Startup Dott Grabs $70 million

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Urban mobility startup Dott has raised an extension to its Series B round.

Originally announced in the spring of 2021, the company raised an $85 million Series B round, it was a mix of equity and asset-backed debt financing.

And today, the company is adding another $70 million to this round once again, it’s a mix of equity and debt.

Dott is a European micromobility startup that is better known for its scooter-sharing service. More recently, the company added an electric bike-sharing service in some cities.

Abrdn is leading the Series B extension with Dott’s existing investor Sofina.

Other existing investors put more money on the table, such as EQT Ventures and Prosus Ventures.

Dott competes with several micromobility startups in Europe. Its most direct competitors are Tier, Lime and Voi.

They are quite similar when it comes to pricing and scooters — most of them work with Okai to design their scooters — but they don’t necessarily operate in the same markets.

Right now, Dott covers 36 cities across nine European countries. The company manages 40,000 scooters and 10,000 bikes.

While Dott isn’t sharing revenue numbers, the startup processed 130% more trips in 2021 compared to 2020.

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This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy. Urban mobility startupu00a0Dottu00a0has raised an extension to its Series B round. rn

Originally announced in the spring of 2021, the companyu00a0raisedu00a0an $85 million Series B round, u00a0it was a mix of equity and asset-backed debt financing. rn

And today, the company is adding another $70 million to this round once again, itu2019s a mix of equity and debt.rnrnrnrn

Dott is a European micromobility startup that is better known for its scooter-sharing service. More recently, the company added anu00a0electric bike-sharing serviceu00a0in some cities.rnrnrnrn

Abrdnu00a0is leading the Series B extension with Dottu2019s existing investor Sofina. rn

Other existing investors put more money on the table, such as EQT Ventures and Prosus Ventures.rnrnrnrn

Dott competes with several micromobility startups in Europe. Its most direct competitors areu00a0Tier,u00a0Limeu00a0andu00a0Voi. rn

They are quite similar when it comes to pricing and scooters u2014 most of them work withu00a0Okaiu00a0to design their scooters u2014 but they donu2019t necessarily operate in the same markets.rnrnrnrn

Right now, Dott covers 36 cities across nine European countries. The company manages 40,000 scooters and 10,000 bikes. rn

While Dott isnu2019t sharing revenue numbers, the startup processed 130% more trips in 2021 compared to 2020.rn rnrnrn