Dott, the Amsterdam-based micro-mobility company, has announced today a commitment for a €30 million Series A funding round. The investment has been co-led by existing investors the EQT Ventures fund (“EQT Ventures”), a leading European multistage VC fund with commitments of just over €566 million, and Naspers , a global consumer internet group and one of the largest technology investors in the world, through its Naspers Ventures division. Other investors include existing investors Axel Springer Digital Ventures , Felix Capital, FJ Labs, U-Start Club and angel investors.
How the €30m investment will be used to?
As informed in the press release, Dott will be using the investment amount firstly to accelerate the go-to-market for Dott’s custom-designed new products. Their e-bike design is complete, and pre-production is in progress. They will be launched within months and will be produced in Europe and China, while assembled in France.