Bond Mobility, an eBike mobility platform, recently announced the company has finished a $20 million Series A funding round led primarily by Ininvest and DENSO's New Mobility Group.
DENSO’s investment in Bond was strategic as the auto supplier is planning to use Bond’s technologies to accelerate the development of its Mobility as a Service (MaaS) model.
Bond’s eBikes hit top speeds of 30 MPH with average trips of four miles compared to conventional micromobility services — which usually cover distances of about 1.5 miles. This means that Bond is a true car replacement and is the fastest form of transport for urban journeys under six miles.
“At Bond, we have big ideas about the possibilities of small vehicles, and we are thrilled a top-tier auto supplier recognizes that as well and has made such a major investment in our company,” said Stockle.
DENSO — which is a $48.1 billion global mobility supplier — said it is committed to reducing CO2 emissions by half with technologies that resolve problems with global warming, energy, and resource issues. Micromobility is one of the solutions to the problem as heavy traffic congestion in urban areas around the world is one of the largest shares of greenhouse gas emissions. Micromobility has been defined as urban transportation solutions that cover short distances and includes scooters, docked bikes, and eBikes.
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