E-scooter player Zipp Mobility raises €1.3m funding

E-scooter firm Zipp Mobility has raised €1.3m in a funding round to support the expansion of the business.

E-scooter firm Zipp Mobility has raised €1.3m in a funding round to support the expansion of the business.

The company has secured a total of €500,000 from two prominent angel investors, including Barry Maloney, €250,000 from Enterprise Ireland and raised €562,000 through a crowdfunding campaign on the Spark Crowdfunding platform.

“We have experienced great momentum in the last 12 months, showcasing our service to hundreds of thousands of people across the UK and mainland Europe”

Zipp Mobility has now raised over €2m in funding and a number of high-profile private investors, including former Irish rugby international Brian O’Driscoll, have already invested in the company.

Rolling out a revolution

Earlier this year Barry Maloney was appointed the chair of Workhuman, the HR technology company, one of a select group of Irish companies to achieve unicorn status.  Originally with Benchmark Capital Europe, Maloney was a founding partner of Balderton Capital, one of Europe’s largest early-stage venture capital firms. Prior to founding Balderton Capital in 2000, he spent five years as the CEO of Esat Digifone, Ireland’s second largest mobile operator, which was acquired by British Telecom.

Zipp  is currently operating e-scooter schemes in eight cities including three in Poland and five in the UK.

It now plans to significantly increase the number of e-scooters it operates in the coming months as it prepares to roll-out its shared e-scooter service across Ireland – pending e-scooter legislative approval – expand current operations and launch in additional European countries.

The company currently employs a staff of 25 and expects to grow the team to 35 by the end of 2021.

Zipp Mobility which was founded in 2019 by Charlie Gleeson is headquartered at NovaUCD, the Centre for New Ventures and Entrepreneurs at University College Dublin.

“We have experienced great momentum in the last 12 months, showcasing our service to hundreds of thousands of people across the UK and mainland Europe. We are now excited to grow our European position, following our latest funding round, by continuing to offer sustainable transport alternatives to millions of people across the continent.

“Over the last two years we have been in discussions with Irish local authorities, and we have been sharing our international experience with them to ensure that scooter-sharing schemes are rolled out safely and responsibly once e-scooters are legalised in Ireland.”

Since last November Zipp Mobility’s UK customers have completed over 150,000 journeys and spent over 1 million minutes on their scooters, resulting in approximately a 70-tonne reduction in carbon emissions.

Zipp e-scooter features an aircraft-grade aluminium frame, 10-inch airless tyres, a swappable battery, dual braking, a wide base and a low centre of gravity. Zipp also maintain a policy of only using zero-emission vehicles (electric vans and cargo bikes) to manage their operations.

To ensure safety, Zipp also uses geo-fencing, a virtual perimeter for a real-world geographic area, meaning that e-scooters will not work outside of designated areas and slowdown in designated ‘slow speed zones’.

Scooters must also be parked specially designated “parking bays” to prevent obstructions in the city. Each e-scooter has a lifetime of more than two years, compared with the estimated industry average for shared scooters of just 18 months.

Main image at top: Zipp founder and CEO Charlie Gleeson

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.

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