CEO and founder Charlie Gleeson said the launch of NovaUCD will use the investment to expand into Ireland, the UK and Europe.

Irish micromobility launch Zipp Mobility has just closed a € 6.1 million financing round today (June 23rd) to expand its e-bike and e-scooter services in Ireland and beyond.

One of the first companies to appear in SiliconRepublic.com’s Start-up of the Week series in 2022, Zipp is currently operating shared e-scooters and e-bikes in cities and towns across the UK and Poland, with plans for further expansions and launches. in Spain and Ireland.

The final round of financing, a mix of equity and debt, was led by UK-based asset manager Fasanara Capital and backed by existing investors.

The startup is headquartered in NovaUCD, Dublin, where it was founded by CEO Charlie Gleeson in 2019 to innovate in the micromobility space that is projected to reach up to $ 500 billion in value by 2030.

Zipp said it will use the latest funding to expand its operations in existing markets and invest in its growth and operations team.

“It’s fantastic to have so many investors believe in our long-term vision of ‘mobility done right’,” said the 26-year-old entrepreneur and University College Dublin graduate, who has been able to expand Zipp to nine cities. throughout Europe so far.

“This funding will help us bring this approach to more cities and provide more people in Ireland, the UK and continental Europe with sustainable, secure and community-focused solutions to the micromobility community.”

Fasanara CEO Francesco Filia said the firm was attracted to invest in Zipp, a start-up with high potential of Enterprise Ireland, because of its “differentiated market position and unique value proposition for local government partners “.

“Zipp is an evolving player in the mobility space with a proven track record, sophisticated technological infrastructure and a quality driven approach and we believe these factors will continue to drive the company’s success in this fast growing market.” added Filia.

Funding so far has come from private investors – including Balderton Capital founder Barry Maloney and former rugby player Brian O’Driscoll – as well as support from Enterprise Ireland.

Earlier this year, Zipp Mobility reached an agreement with the Free Now taxi service to allow users to book e-scooters and e-bicycles from the transport app, setting in motion the wheels for the long-awaited Irish launch.

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