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Wunder-Gründer und CEO Gunnar Froh © WunderCar Mobility Solutions GmbH

WunderCar Mobility gets EUR 26 million in fresh capital

Hamburg-based firm set to expand on German market

WunderCar Mobility Solutions GmbH has raised EUR 26 million in fresh capital from investors in Britain and the United States in a Series B financing round led by the KCK Group, Gründerszene reported Wednesday (September 6, 2018). The leading investor in the Series A financing, Blumberg Capital, was also involved. The capital will be used to expand the development team in Hamburg and to establish an international sales network, according to Schoesslers Communications PR agency on Wednesday.

Technology supplier for trend-setting mobility concepts

Wunder aims to strengthen its role as international technology supplier for innovative and trend-setting mobility concepts and to develop its market position in Germany. At present, the team consists of 70 co-workers in four offices in Asia, Germany and South America. The plans foresee hiring 100 employees over the next 12 months mainly in product development in Hamburg. Other efforts will focus on tripling internal software development and establishing an international sales network.

Gunnar Froh, co-founder and CEO of Wunder Mobility, said: “In the wake of the mobility and energy revolution, our transport system needs new, environmentally conscious and future-orientated solutions. We are delighted to have been able to convince our investors of our visionary concept of offering the various new mobility solutions from a single source. Together with cities, municipalities and industry, we want to promote modern mobility concepts and make transport more sustainable.”

Full stack provider

Founded in 2014 by Froh and Sam Baker, WunderCar Mobility Solutions GmbH initially launched in Europe as a classic ride-sharing service. However, stringent passenger transport regulations in Germany saw the company relocate abroad. Meanwhile, Wunder has established itself as the only international full-stack provider of new mobility services from a single source. The portfolio includes software, hardware and operational services for smart shuttles, fleet management (car, bike and scooter sharing) and carpooling. The company now has over 1 million users in the Philippines, India and Brazil and handles approximately 1 million trips per month worldwide.

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