Axel Springer Ventures, Softbank in €44m Goggo round

The startup is currently seeking licences from European governments for operating autonomous vehicles, according to website frenchweb.fr. France, Germany and Spain should be the first geographies targeted by the startup, the Spanish publication El Pais reported.

The business does not yet generate revenues at this stage, Unquote understands. 

Axel Springer Digital Ventures took part in the round for Netherlands-based electric scooter business Dott earlier this year.

Softbank is currently fundraising for its SoftBank Vision Fund II, which has a $108bn target.

Company
Founded in 2018, Goggo is developing, on the model of telecoms operators, a European network of autonomous vehicles intended to transport people and goods. Goggo Network is also building its own autonomous vehicles, including vans that it hopes to see circulating in Europe in three to four years. It currently employs 20 people.

The company is headquartered in Berlin but the main office is in Madrid. It also operates an office in Paris.

People
Goggo Network – Martin Varsavsky, Yasmine Fage (founders). 

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