Nieuwegein, Netherlands-based Go Sharing, a shared mobility scale-up, has raised €50M in a fresh round of funding led by investment company Opportunity Partners. In addition, the founders of Go Sharing have also invested in the company. Existing investor Rabo Investments supports the arrival of the new shareholder. It doesn’t seem to be a coincidence that the green mobility company chose to announce this news today — Earth Day.
About Go Sharing
The company is on a mission to make transportation accessible and sustainable while reducing its visual impact on the urban scenery. To achieve this, Go Sharing believes the traditional ownership-based transportation model needs to be transformed into a shared door-to-door mobility service, globally.
Go Sharing was founded in 2019 by CEO Raymon Pouwels, among others. Within eighteen months, the company claims to have conquered the Netherlands by providing services in 30 municipalities. It has more than 4,000 shared electric scooters running on the road right now, shared by more than 350,000 users.
The company is currently active in the Netherlands, Belgium (Antwerp), and Austria (Vienna) with a fleet of over 5,000 e-mopeds. The vehicles are 100 per cent electric and powered by sustainable energy.
Go Green is the parent company of Go Sharing, GreenMo, zZoomer, e-bike to go. The parent company is scaling up to 30,000 vehicles in the Netherlands, Belgium, Germany, the UK, France, and Austria. In addition to shared mobility, Go Green focuses on last-mile delivery of meals, mail, and parcels for customers such as Just Eat Takeaway, Domino’s, and Deliveroo.
Use of the funds
The raised capital will help Go Sharing to maintain sustainable growth and expand its service network. It will also strengthen the company’s proposition in electric shared mopeds and expand its offerings with e-bikes as well as electric cars.
The funds will also accelerate the international expansion. In the coming months, it will launch its service in Germany, the UK, and Turkey. In addition to the Netherlands, Go Sharing is already active in Austria and this week the company started with 500 electric mopeds in Antwerp.
Multimodal shared mobility
Go Sharing will also use the funds to convert its current service into a multimodal shared mobility program. The company’s efforts to expand its offerings with e-bikes and electric cars are in an advanced stage.
Go Sharing’s Sister company GreenMo, which in the previous months acquired a majority stake in the Dutch startup e-bike to go and took over the Belgian company zZoomer, will support Go Sharing in the expansion. The company already leases more than 10,000 e-bikes in the delivery market.
GO Sharing CEO Raymon Pouwels explains, “Users will soon be able to book e-bikes and electric cars in our app, in the same way that they already book shared mopeds now. The e-bikes are a healthy alternative for short trips in the city. The electric cars can be picked up at strategically located hubs in the urban periphery so that they become part of the journey between cities: an essential element in our mission to turn vehicle ownership into integrated shared mobility.”
The company is looking to expand its service internationally, as it did in the Netherlands. The scale-up is focusing on cities that wish to reduce carbon emissions while facing problems such as traffic congestion and a shortage of parking spaces.
Earlier this month, Go Sharing launched its shared mobility service in the Austrian capital of Vienna. Pouwels adds, “GO Sharing believes in a green planet with mobility owned by everyone, shared by everyone. We aspire to change the global attitude towards mobility from personal vehicle ownership to on-demand shared use. We are currently working on entering the German, UK, and Turkish markets. The markets where GreenMo already operates successfully.”