Scootable Announces Investment From EIT Urban Mobility to Accelerate Growth
Scootable announces equity investment from the European Institute of Innovation and Technology (EIT) Urban Mobility, a European Union initiative for the future of urban mobility to accelerate growth. The investment will be supporting expansion of the business and growth of the company.
EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, working since January 2019 to encourage positive changes in the way people move around cities in order to make them more liveable places. EIT Urban Mobility invested in more than 60 start-ups in 2022 alone. By funding solutions with a variety in mobility subsectors, principally micromobility and in electricity, European regions, EIT Urban Mobility accelerates the innovation needed to reach climate neutrality.
Scootable is proud to announce that such leading initiative is the first equity investor for the company and the whole team is looking forward to new opportunities that this investment brings.
With this investment, Scootable will continue to focus on expanding into different cities through the large network that EIT Urban Mobility has built over years. Scootable will keep making significant differences on society and in the field of micromobility.
