Hamburg-based Wunder Mobility raises EUR 12 million in capital

Growth in micro-mobliity market expected to increase in coming years
10 October 2022
Sharing an e-scooter

The Hamburg-based Wunder Mobility has raised EUR 12 million in an investment round involving the KCK investment fund and Blumberg Capital, a report said Wednesday (October 5, 2022). The company provides software and hardware for renting e-scooters, e-scooters, e-bikes, cars and other means of transport. Thanks to this latest investment, Wunder Mobility is now the most highly-funded provider, the company said. 

Emphasis on efficient and sustainable mobility 

"This substantial investment underscores the investors' commitment to our strategy of accelerating clean and affordable transport through sharing," said Gunnar Froh, founder and CEO of Wunder Mobility. Commenting on the investment decision, David Blumberg, Managing Partner of co-investor Blumberg Capital, said: "Technology-driven advances in shared mobility services positively impact individuals, businesses and society by making transport more efficient, accessible and sustainable."

Wunder Mobility investing in growing market

Revenue grew by 45 per cent in the first half of 2022 over the same period last year, Wunder Mobility said. The coming years are likely to bring high growth rates in the micro-mobility market and the company will continue investing in its software and customer services. Founded in 2014, Wunder Mobility now has customers in over 200 cities across the globe.