Miles is a Berlin-based mobility company. The company announced completion of a capital funding round that added angel investment. New investors are local German investors who joined the cap table, including CFOs Emmanuel Thomassin (Delivery Hero), Christian Gärtner (HelloFresh), Rex Jackson (ChargePoint) and Stine Rolstad Brenna (Rabbalshede Kraft). The article does not disclose the round size, valuation, or other financial terms. Miles was founded in 2016 by Alexander Eitner, Florian Haus and Timo Nuehrich. The article does not include operating metrics, revenue, user counts, or detailed future plans. MILES Mobility, founded in 2016, operates a carsharing service that charges by distance rather than time, with rates starting at €0.79/km. Users rent vehicles through a mobile app for trips ranging from one kilometer up to one month and can drop cars off anywhere—no stations or return-to-start required. The service is available in Berlin and Hamburg and emphasizes a time-pressure-free, flexible alternative to private car ownership. MILES positions itself as a scalable urban mobility model aimed at reducing congestion and pollution. The company is led by CEO Timo Nührich. It has raised over €5 million in a Series A round, which the company says will help it grow faster and expand to more cities and pursue international expansion plans.

Total raised

$6M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2019