Flash, a Berlin, Germany-based mobility startup, raised a €55m Series A funding.
The round was led by Target Global via its mobility fund, with participation from Idinvest Partners, Signals Venture Capital and a number of unnamed angel investors.
The company will use the funds to expand operations in every business area and launch the system in Europe during 2019.
Founded by Delivery Hero and Team Europe founder Lukasz Gadowski, Flash is developing and deploying a smart and environmentally-friendly transportation system featuring a fleet of next-generation electric kick-scooters.
The startup, which has a team of more than 50 full-time employees, is launching in Switzerland and Portugal and has plans to go to France, Italy and Spain in Spring 2019, and to the rest of Europe later in Summer 2019.
FinSMEs
21/01/2019