German mobility startup Wunder Mobility receives  €12 million to advance shared mobility globally

Wunder Mobility, the global player in software for vehicle sharing, has announced additional funding from investors KCK, Blumberg Capital, and others, totalling  €12 million.

The investment positions Wunder Mobility as the highest funded provider of software and hardware solutions for vehicle sharing operators with fleets of e-bikes, e-scooters, e-mopeds, and cars.

Working with Wunder Mobility, operators can accelerate their vehicle sharing businesses, launching and scaling with ease. Offering a one-stop-shop, Wunder provides both the software and vehicles they need to move their businesses forward faster.

Gunnar Froh, founder and CEO, Wunder Mobility: "This sizable investment underscores the commitment of our investors to our strategy of accelerating clean and affordable mobility through sharing. It will extend our lead in micro mobility software and enable us to provide the most advanced technology and support to ambitious operators in the space.”

Consumer appetite for shared mobility services continues to increase and our customers are experiencing strong growth with the help of our technology platform. We have seen 45% year-on-year growth in platform revenue in the first half of 2022 compared to the first half of last year. We will continue to make sizable investments into our software and customer service over the coming years to support the success of all the operators we work with."

The number of people using shared mobility accelerated significantly during the pandemic and growth rates in the sector are expected to remain high in the coming years. McKinsey & Company forecasts the micro mobility sector to be a USD 300 to 500 billion market by 2030.

David Blumberg, founder and managing partner, Blumberg Capital: "Technology-driven advancements in shared mobility services positively impact individuals, businesses and society as mobility becomes more efficient, accessible and sustainable. Vehicle sharing operators have a choice in how they approach technology investments. They can take on time and cost-intensive software development and hardware sourcing or they can leverage a proven technology platform like Wunder Mobility to accelerate new products or scale existing offerings."

Wunder Mobility was founded in 2014 and has established itself as the leader in shared mobility software for e-bike, e-scooter, e-moped, and car sharing scheme operators. This spans a feature-rich and complete software solution, as well as hardware that is optimized for sharing. The Wunder platform supports global operators and local champions who provide shared mobility across more than 200 cities worldwide.

www.wundermobility.com