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Dott adds USD70m to Series B funding round

Dott, a European micro-mobility company, has secured a USD70 million extension to its Series B funding round bring total funding raised in the round to over USD150 million in a mix of equity and asset backed debt, including the USD85 million announced in the Spring of 2021.

Dott, a European micro-mobility company, has secured a USD70 million extension to its Series B funding round bring total funding raised in the round to over USD150 million in a mix of equity and asset backed debt, including the USD85 million announced in the Spring of 2021.

The extended round was jointly led by new investor abrdn and existing investor Sofina. Other existing investors, including EQT Ventures and Prosus Ventures also participated in the round. 

Dott was created in October 2018 and has since grown its operations to cover 36 cities in 9 countries across Europe. At the end of 2021, Dott added 10,000 e-bikes to its fleet of over 40,000 e-scooters, broadening its offering and providing more choice to its riders, who took 130 per cent more trips than in 2020.

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