e-scooter firm Neuron Mobility bags $25m in funding round

It will be partly used to foray into other Asia Pacific markets.

Shared e-scooter operator Neuron Mobility has raised $25.14m (US$18.5m) in a funding round, according to a press release. The funding was led by US-based GSR Ventures and Australian venture capital firm Square Peg.

The capital is intended to be used to accelerate its Australian and New Zealand roadmap, its foray into other Asia Pacific markets, and further development of its technology.

Existing investors Seedplus and Enterprise Singapore’s SEEDS Capital also joined the round. The investment follows its earlier $5.16m (US$3.8m) seed round in December 2018.

Founded in 2016 by engineer Zachary Wang and data scientist Harry Yu, Neuron employs a team of data scientists, urban planners, and engineers who translate raw data into insights for its operations and the city’s transport planning, including real-time data integration, asset location reports, incident management, and co-creation of preferred riding zones.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The partnerships aim to improve care delivery and patient outcomes.
The KoolLogix cooling system for data centres uses passive heat extraction and removal.
This is the first-of-its-kind collaboration between an index provider and an airport group.
The new initiative is targeted towards offering greater savings and flexibility.
Mapletree Logistics Trust was seen with the most growth.
Flexibility, specificity, and customer-centred approaches prove to be the edge in today’s enterprise application software companies.
The list is from Investigoal, which gave Singapore a score of 8. 
It won't push through with the acquisition of the majority of stake in a Vietnam property firm.
DBS Country Head Shee Tse Koon has apologised for the disruptions.
Only two in five Singaporean internet users are aware of NFTs.
October postings were up by 76% from February 2021.
Three of the four initiatives were spearheaded by Enterprise Singapore.
The agreement comprises two payments.
MTI cited four downside risks that will affect the economy's growth next year.