Dott, an Amsterdam, The Netherlands- and Paris, France-based micro-mobility company, is raising €30m in Series A funding.
The round, which will close imminently, is co-led by existing investors EQT Ventures and Naspers, through its Naspers Ventures division, Axel Springer Digital Ventures, Felix Capital, FJ Labs, U-Start Club and angel investors.
The company intends to use the funds to accelerate the go-to-market for custom-designed new products including
– E-bike, which will be launched within months and is produced in Europe and China and assembled in France.
– E-scooter generations 2 and 3. Gen 2 will be available by the end of the year and includes a swappable battery. Gen 3 is currently in design and will be available in 2020 with more UX features.
Founded by Maxim Romain and Henri Moissinac, Dott makes micro-mobility eScooters, which have already been deployed in Brussels, Paris, Lyon, and Milan between January and June 2019.
The company, which will launch in select cities in Germany, the UK, and the Netherlands in the coming months, offers a stable scooter with 10 inch wheels, low center of gravity and double-brake system, as well as comprehensive insurance coverage to its users in France and Belgium (coming soon in Italy) in partnership with Zego (Insurtech leader) and La Parisienne Assurances. This insurance, which covers both personal injury and third-party liability, is automatically integrated in the sign-up process for new riders and before the next trips for the existing riders, with no extra cost.
The company, which has raised an initial investment of €20m in December 2018, has a 80-people staff, with 2 HQs: technical & admin HQ in Amsterdam, operations HQ in Paris.