Singapore based eScooter startup Beam secures $26 million funding
Singapore, 1 June 2020 – Beam, Singapore based leading eScooter startup raises US$26 million in Series A round of funding.
The funding round was led by Sequoia India and Hana Ventures and included investors across APAC.
Beam is forging a new path for micromobility in contrast to the established dockless model that allows scooters to be parked anywhere on city streets.
For Beam, the future is docked. Having a “virtual docked” model ensures riders park in predetermined parking spots by offering incentives through the Beam mobile app.
"We're grateful to our incredibly supportive investors who believe in our unique 'virtual dock' approach to micromobility and continue to support us through a very uncertain macroeconomic environment. I'm really excited about our new technology and...