Cityscoot raises another $25.6 million for its electric moped service
https://techcrunch.com/2020/02/25/cityscoot-raises-another-25-6-million-for-its-electric-moped-service/
French startup Cityscoot is raising a $25.6 million (€23.6 million) funding round from Allianz France, Demeter as well as existing investors Groupe RATP and Banque des Territoires. The startup is also raising at least $6.5 million (€6 million) in debt in order to finance its service.
Cityscoot is a free-floating electric scooter service (moped scooters). Users can locate and unlock scooters using a mobile app. You can then park it and lock it again.