Sunday, June 23

Wunder Mobility Secures $30 million in Series B Funding

German mobility startup Wunder Mobility that offers a range a mobility services has secured $30 million in Series B funding. The particular round was led by KCK Group.

The other existing backers that participated in the round included Blumberg Capital and other non-disclosed investors.

The company is planning to use these funds in the expansion of the company’s engineering team in its home country and to establish an international B2B sales organisation.

“We are enabling communities on four continents to address the global traffic challenge and to deploy more sustainable mobility options faster by hosting a full-stack urban mobility tech platform,” said Gunnar Froh, founder and CEO.

As of now, the company works with 70 employees from four offices across Asia, Germany, and South America. The main motive is to bring in another 100 employees over the next one year in the areas of product development and B2B sales.

Founded in 2014, Wunder Mobility has its headquarters in Hamburg. The company provides software, hardware, and operational services for various “future-oriented” mobility concepts. Its product includes a range of mobility services from carpooling to electric scooter rentals.

Froh describes his company’s typical B2C customers as the emerging middle class in mega cities such as Rio de Janeiro, Manila or Dehli. On the B2B side, the startup’s customers are large OEMs, and public transit companies or suppliers, such as the Japanese conglomerate Marubeni.

“Many of these customers commute to work every day for several hours, are often first-time car owners and are open to sharing empty seats in their cars in order save on gas and car expenses,” Froh stated. “We are working with Marubeni on ambitious new mobility services worldwide,” he added.

The company competes with various players like Berlin’s Door2Door, and Vulog in Paris. With this funding, the company aims to touch a different level and grow itself in all aspects.