Dott, a Paris, France,- Amsterdam, The Netherlands, and London, UK-based e-scooter startup, raised $85m in a Series B equity funding and asset-backed debt financing.
The round was co-led by Sofina and Estari, with participation from EQT Ventures, Prosus Ventures, Aberdeen Standard Investments, Expon Capital, Felix Capital, FJ Labs, Invest-NL, McRock Capital, Quadia in partnership with Degroof Petercam and various angel investors.
The company intends to use the funds to:
- Enhance the service for users
- Launch new micromobility vehicles to European cities, starting with e-bikes in summer 2021
- Expand to new cities and countries, for example in Spain and the UK, and
- Raise industry standards on sustainability.
Created in October 2018 by Henri Moissinac and Maxim Romain, Dott is a micromobility operator which currently operates over 30,000 e-scooters in top cities in Belgium, France, Germany, Italy and Poland.
The company has a staff of 280, with its main teams located in Amsterdam, London and Paris.