Neuron Mobility, a Singapore-based startup, has closed an $18.5 million new financing round as it looks to scale its e-scooter startup in international markets.
The new financing round, dubbed Series A, was funded by GSR Ventures, a venture capital firm which was the first institutional investor in Chinese ride-hailing giant DiDi Chuxing, and Square Peg, Australia’s largest venture capital firm.
Existing investors SeedPlus, SEEDS Capital also participated in the round. The three-year-old startup has raised about $23.5 million to date.
Neuron Mobility, which began its journey in Singapore, operates an eponymous e-scooters rental platform. In recent years and quarters, Neuron has expanded to cities in Malaysia, Thailand, Australia, and New Zealand.
Neuron’s e-scooters are affordable in every market where they are available. In Brisbane, Australia,