Motto
Latest round
- Seed
Last raised
- Jan 2022
Total raised
- $2.2M
Investors
- 4
About Motto
Based in Paris, France, and founded in 2021 by Driss Ibenmansour, Motto offers electric bicycles available by subscription, with a concierge service. The company provides electric vehicles on subscription and offers mobility that includes access to an electric bike along with a concierge and maintenance service. Motto's bikes have a motor in the rear wheel that helps customers pedal up to a speed of 25km/h. The bike also consists of a carbon belt and a removable battery. The battery is integrated into the seat tube which allows the customers to access the battery by removing the saddle. The company offers two different models, a step-over model and a low-step model. The company's vehicle includes features such as SC brakes with integrated light, front and rear led lighting, a built-in anti-theft alarm, and a GPS plotter. ETC. The company's motto application provides features including GPS routes for cyclists, real-time navigation data, geolocation of the motto bicycle, and (remote) unlocking. The company offers 2 types of bicycles - The Classic, which is a low bar bicycle, and The Original, which is a high bar bicycle. The company generates revenue by charging a monthly subscription fee of EUR 75 for the bicycle. The company also plans to reach thirty employees by the end of 2022, do R&D on the vehicle, and expand internationally.
Who invested in Motto
4 investors across 1 round
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Funding rounds
Seed
Jan 25, 2022
Amount
$2.2M
Investors
Questions about Motto
Who invested in Motto?
Motto has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Motto raised?
Motto has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Motto last raise money?
Motto's most recent round on record is a Seed, in Jan 2022.
What does Motto do?
Based in Paris, France, and founded in 2021 by Driss Ibenmansour, Motto offers electric bicycles available by subscription, with a concierge service.
Where is Motto headquartered?
Motto is headquartered in Paris, France.
Which VCs invest in companies like Motto?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back transportation services companies at Motto's stage. Their profiles are linked below.
VCs backing transportation services startups at Seed
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