What is Dott?
Dott manufactures dock-less, shared electrical scooters and bikes, offering an eco-friendly alternative for short-distance urban travel. Established in 2018 and headquartered in Paris, France, the company operates within the rapidly evolving micro-mobility market. Dott's business model focuses on providing accessible and convenient transportation options, contributing to reduced traffic congestion and lower carbon emissions in cities. The company's expansion efforts are supported by substantial investment, positioning it as a key competitor in the European shared mobility landscape.
How much funding has Dott raised?
Dott has raised a total of $188.3M across 2 funding rounds:
Series A
$33.3M
Series B
$155M
Series A (2019): $33.3M with participation from U-Start Club, EQT Ventures, Naspers Ventures, Felix Capital, FJ Labs, and Axel Springer Digital Ventures
Series B (2022): $155M led by Expon Capital, Felix Capital, FJ Labs, EQT Group, McRock Capital, Invest-NL, Estari Group, Sofina, Quadia, Aberdeen Standard Investments, and Prosus Ventures
Key Investors in Dott
EQT Ventures
EQT Ventures is a venture capital firm that invests in technology companies, focusing on scaling businesses with strong growth potential. Their involvement suggests a strategic interest in Dott's expansion and technological development within the mobility sector.
Naspers Ventures
Naspers Ventures is a global consumer internet group and one of the largest technology investors worldwide. Their investment in Dott indicates a belief in the company's potential to capture significant market share in the digital and mobility space.
EQT Group
EQT Group is a global investment organization with a broad range of strategies, including venture capital and growth equity. Their participation in Dott's Series B round suggests a focus on scaling and operational enhancement for the micro-mobility provider.
What's next for Dott?
The recent major strategic investment signals Dott's readiness for its next phase of growth, likely involving fleet expansion, technological advancements, and further market penetration across Europe and potentially beyond. With a Series B funding round, Dott is poised to scale its operations, enhance its service offerings, and solidify its competitive advantage. Future strategic moves may include partnerships with municipalities, integration with public transport networks, and the development of next-generation electric vehicles to meet evolving urban mobility demands. The company's trajectory suggests a focus on sustainable profitability and operational efficiency.
See full Dott company page
