EQT Ventures, Naspers et al. invest €30m in Dott

The investment is co-led by existing investors EQT Ventures and Naspers, a consumer internet group investing via its Naspers Ventures division.

EQT Ventures is currently investing via its €566m EQT Venture Fund, which closed in 2016. 

Other backers include existing investors Axel Springer Digital Ventures, Felix Capital, FJ Labs, U-Start Club and angel investors.

The fresh capital will help the startup launch a custom-designed e-bike by the end of the year and continue to develop its e-scooter technology. The business also plans to expand its presence in select cities in Germany, the UK and the Netherlands.

Dott raised an initial investment of €20m in December 2018, co-led by EQT Ventures and Naspers with participation from other investors and business angels in Europe.

Company
Dott is an e-scooter and e-bike manufacturer with rental operations, and was founded in 2018.

The startup says it has more stable scooters than its competitors with bigger wheels, lower centre of gravity and a double-brake system. Dott's scooters have been deployed in Brussels, Paris, Lyon, and Milan between January and June 2019. Dott employs 80 people, with technical and admin headquarters in Amsterdam and operational headquarters in Paris.

People
Dott – Maxim Romain (CEO, co-founder).

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• Topics
• Expansion
• Benelux
• Consumer
• Netherlands
• EQT Ventures