European ‘micro-mobility’ startup Dott has raised 30 million euros more as the competition between e-scooter and e-bike providers in these parts continues to heat up along with the weather.
Dott, which boasts 80 staff across two HQs in Amsterdam and Paris, has secured the funding in a round that was co-led by prior backer EQT Ventures and Naspers Ventures. Other investors include existing investors Axel Springer Digital Ventures, Felix Capital, FJ Labs, U-Start Club and unnamed angel investors. Dott had raised €20 million in funding at the end of last year.
The fresh capital injection will serve the imminent launch of an e-bike, the roll-out of the next generation of its e-scooters and investments in customer service, warehousing and operations.
Dott currently operates in Brussels, Paris and Lyon, with a first pilot taking place in Milan as well. The startup will now also launch in select cities in Germany, the UK, and the Netherlands in the coming months.
Dott claims to be the first company to offer comprehensive insurance coverage to its users in France and Belgium in partnership with Zego (see more about that startup here) and La Parisienne Assurances, covering both personal injury and third-party liability.
“We’ve shown in the first months that we can offer a true alternative in European cities, taking the lead both in terms of sustainability and best user experience,” said Maxim Romain, the French co-founder and CEO of Dott.
“We think we have a winning combination now, starting with our great results in Paris, along with scooters designed for shared mobility and fully integrated operations from start. Our aim is now to accelerate, take the full lead in cities where we operate, expand to new countries and launch our own Dott e-bike as well as the two next generations of e-scooters in the coming months,” Romain added.