Cityscoot
8 Rue Bayen, Paris, Ile-de-France, 75017, France
Overview
Cityscoot, founded by Bertrand Fleurose in 2014, operates an electric moped‑sharing service in Paris, Nice, Milan and Rome. Users can book scooters through Cityscoot’s app with three clicks, and since October 2019 Paris commuters can also book and pay via the Uber app under a strategic partnership. The company has deployed a fleet of about 7,000 electric mopeds and plans to increase it to 8,000 following the recent funding. Cityscoot aims to open its service in two new European cities in 2020 and specifically planned a Barcelona debut in May 2020. The startup joined the Next40 club and described the financing as a proof of confidence in its ability to develop soft mobility in metropolitan areas. Competitive dynamics noted in the article include Coup’s exit from the market and Tier Mobility’s announced move into electric mopeds. Cityscoot operates an electric scooter-sharing service in Paris with roughly 1,600 scooters available. Users book via phone, unlock with a code, and each scooter includes a helmet in under-seat storage. The company leases its scooters and uses battery-swap cars to replace batteries before they die, making the business capital-intensive. Cityscoot reports about 70,000 clients, 7,000–9,000 rides per day, an average ride length of 15 minutes, roughly €3 revenue per ride (users pay €0.20 per minute with packs), and about 4–6 rides per scooter per day. It plans to expand to Nice and three other cities (including one in Switzerland and one in Italy) and aims to operate a fleet of 5,000 scooters by the end of 2018.
- Total raised
- $82M
- Funding rounds
- 3
- Latest round
- Debt Financing
- Latest activity
- Feb 2020
Industries
- Automotive
- Electronics
- Last Mile Transportation
- Rental
- Sharing Economy
- Transportation
Recent funding
Debt Financing
Feb 2020
$7M
Equity
Feb 2018
$49M