Cityscoot – Series B
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.
18 months after its official launch, Cityscoot registers +200k rides per month in Paris and reached its 4-5 rides /scoot /day breakeven metric. This €40m Series B, led by RATP, via its branch RATP Capital Innovation, InVenture Partners and LeasePlan, along with historical shareholders, will fund the rollout of the service in new European cities. Cityscoot ambition by the end of the year is to open at least three new cities in 2018 and extend the fleet to 5,000 vehicles.