Dott is a European micro-mobility startup that offers dockless, shared electrical scooters and e-bikes as safe, convenient, affordable and sustainable alternatives for short-distance travel.
Dott is backed by major investors such as EQT Ventures, Prosus and Sofina.
£100 m raised (equity + debt)
The Challenge
Founded in 2018, Dott has 30k active e-scooters and can be found in 18 major European cities. With strong positions in Belgium, France, Germany, Italy and Poland, Dott now has big plans to expand in the UK and Spain.
While expanding its fleet of swappable battery scooters which bring huge cost benefits, Dott is also working on a third generation of vehicles and plans to go multi-modal with the launch of e-bikes this Summer.
According to a study by McKinsey, the global market will reach about $300b to $500b by 2030, of which Europe will account for $100 - $150b. In order to take full advantage of this increasing global demand, Dott was seeking funds to secure assets and their future growth.
We know traditional lenders lack appetite for young and innovative technologies like this. Fortunately for Dott, this is where we specialise.
