What is Luup?
Founded in 2018, Luup operates a popular sharing service that provides access to electric kickboards and electric assist bicycles. Users can conveniently rent and return these micro-mobility devices at designated ports throughout cities, addressing the 'last mile' transportation challenge. The company's expansion and operational model are designed to integrate seamlessly into urban infrastructure, offering a sustainable and efficient alternative to traditional transit.
How much funding has Luup raised?
Luup has raised a total of $34M across 1 funding round:
Series D
$34M
Series D (2023): $34M with participation from 31Ventures Global Innovation Fund and Spiral Capital
Key Investors in Luup
31Ventures Global Innovation Fund
31Ventures Global Innovation Fund is a corporate venture capital fund based in Tokyo, Japan, focused on providing hands-on support and investment to startups.
Spiral Capital
Spiral Capital is an alternative investment firm that provides sophisticated investors with access to a variety of investment opportunities, focusing on research and deal evaluation.
What's next for Luup?
With this substantial enterprise-level funding, Luup is poised for accelerated growth and expansion. The strategic investment will likely fuel further development of its service infrastructure, technological enhancements for its fleet, and broader market penetration. Luup's focus on sustainable urban mobility positions it to capitalize on increasing demand for eco-friendly transportation solutions, potentially leading to further scaling and market leadership in the micro-mobility sector.
See full Luup company page
