Cityscoot – Series A
Established in 2014, Cityscoot has developed the #1 European urban network to share scooters in free-floating. Thanks to its unique fleet technology, users can park instantly on any location within the authorised area, requiring no park stations and no keys, and only paying for the minutes they use (starting at €0.20/min). Dedicated to daily rides, Cityscoot reinvents the urban mobility by offering a sustainable, smart and efficient alternative to public transport.
After 2 years of technical development, Cityscoot launched a beta test in Paris. With this €15m funding round, the company will officially launch its service in June 2016 by gradually deploying 1,600 scooters in Paris streets. This series A is a mix of equity and leasing: the equity round is led by Caisse des Dépôts and SD2P family office, along with 123 Investment Management and historical business angels, while the leasing round is led by LeasePlan, which sees in Cityscoot a long-term strategic partner for its activities.