# Neuron Mobility Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neuron-mobility-pte

- Industry: Transportation Services
- Headquarters: Singapore, Singapore
- Website: www.rideneuron.com
- Total disclosed funding: $64M
- Latest round: Series B (Nov 11, 2021)
- Investors on record: 9

## About

Founded in 2016 and based in Singapore, Neuron Mobility Pte. Ltd. is a company that offers electric scooter rentals to customers for short-distance trips. In 2018, the company launched the first battery swapping and the first voice guidance talking e-scooter and in 2020, the company launched the first app controlled helmet lock. In September 2020, Neuron Mobility Pte. Ltd. raised USD 12 million in series A funding co-led by returning investors GSR Ventures and Square Peg Capital. The round was part of a larger USD 30.5 million series A funding. The company has 125 employees as of July 2021.

The company offers Neuron N3 e-scooter which has multiple features including App-controlled Helmet Lock to secure a safety helmet to e-scooters between trips; Emergency Button feature which detects accidents and helps riders call the emergency services; Topple Detection to alert the company's operations team if an e-scooter has fallen on its side; Voice Guidance to educate and warn riders of how to ride safely; and Dual mechanical and electrical brakes to tackle hilly ground. The company also manufactures Neuron EB-1 e-bike which uses advanced internet of things (IoT) systems for remote monitoring and real-time diagnostics and has multiple features including GPS-enabled for pedal assistance; Geolocation to control slow-zones, no-go zones, no-parking zones; swappable batteries to remove charging requirement; and AI algorithm for positioning e-bikes where demand is most needed. Customers can also use the company's mobile application to locate rental centers. 

The company generates revenue by charging one Australian Dollar (68 U.S. cents) for beginning the trip and then 38 Australian cents for each minute of the ride. Neuron Mobility generated SGD 2.063 million in 2019.

As of September 2020, Neuron Mobility plans to use the 2020 funding to expand into five new cities in Australia over the next 12 months and hire 400 more people in Australia, New Zealand and Singapore.

## Funding rounds

- Series B, Nov 11, 2021, $30M — GSR Ventures, Square Peg
- Series A, Oct 8, 2020, $12M — GSR Ventures, Square Peg
- Series A, Aug 25, 2020, $17M — GSR Ventures, Jungle Ventures, Square Peg, Siri Ventures, Angel Central Syndicate
- Series A, Feb 25, 2020, $1.5M — Jungle Ventures, SEEDS Capital
- Seed, Sep 11, 2019, $3.6M — 500 Global, Jungle Ventures, SCB Asset Management, Ace Capital, SEEDS Capital, Siri Ventures, Angel Central Syndicate

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Seed, Series A
- SCB Asset Management — Seed
- Ace Capital (https://capitalatlas.ai/funds/ace-capital) — Seed
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed, Series A
- Siri Ventures (https://capitalatlas.ai/funds/siri-ventures) — Seed, Series A
- Angel Central Syndicate (https://capitalatlas.ai/funds/angel-central-syndicate) — Seed, Series A
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A, Series B
- Square Peg (https://capitalatlas.ai/funds/square-peg) — Series A, Series B