What is Beryl?
Beryl operates a comprehensive bike and scooter sharing service, offering a diverse fleet that includes traditional bikes, e-bikes, e-scooters, and cargo bikes. Through its intuitive app-based platform, users can easily locate and rent vehicles, facilitating convenient and eco-friendly urban travel. The company actively collaborates with municipalities, businesses, and educational institutions to champion sustainable transport initiatives, aiming to alleviate urban congestion and reduce air pollution while fostering positive community engagement. Beryl's strategic partnerships are pivotal in its mission to reshape urban mobility.
How much funding has Beryl raised?
Beryl has raised a total of $2.4M across 1 funding round:
Other Financing Round
$2.4M
Other Financing Round (2023): $2.4M with participation from Frontier Development Capital
Key Investors in Beryl
Frontier Development Capital
Frontier Development Capital is a UK-based debt funding investor specializing in providing flexible, long-term debt for growth capital to established mid-market SMEs. They support a diverse range of sectors and aim to bridge the funding gap for companies seeking significant expansion.
What's next for Beryl?
The recent major strategic investment signals a pivotal growth phase for Beryl, likely enabling the company to scale its operations, enhance its technological infrastructure, and potentially expand into new geographical markets. With a focus on sustainable urban mobility, Beryl is well-positioned to capitalize on the increasing demand for eco-friendly transportation alternatives. Future developments may include further integration with public transport networks, expansion of its electric vehicle fleet, and continued innovation in its app-based user experience to solidify its market leadership.
See full Beryl company page
