Cityscoot – Series C
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.
Allianz France, Cityscoot’s long-standing strategic partner and insurer, has joined forces with Demeter to conclude this round alongside the company’s historical shareholders, including the RATP Group and Caisse des Dépôts. This new capital raise aims to finance the opening of two new European cities in 2020 and to bring the fleet up to 8,000 electric scooters.
Since its launch in June 2016, 7,000 electric scooters have been gradually deployed in Paris and fifteen neighboring cities, in addition to Nice, Milan and Rome. In Paris, the service already attracted 180,000 users completing 15,000 to 25,000 trips daily. Barcelona will be the next European city to host the service, starting in May 2020.