Wunder Mobility closes Series B round to expand its urban transport platform in the US
September 20, 2019
German mobility solutions startup Wunder Mobility has announced its expansion into the US, by opening an office in Los Angeles, helped with its extended Series B financing round that added $29 million to its capital, bringing the company’s total investment to $70 million. The additional funding raised from existing investors Blumberg Capital and KCK will be channelled towards expanding its suite of mobility solutions across a varied customer base that includes legacy automakers and emerging technology startups.
Wunder Mobility works with fleet operators and mobility companies, such as car-, scooter- and bike-sharing platforms, and its customers include automotive giants like Daimler, BMW, Volkswagen, and Toyota. While the company offers its own customer-facing services, such as a Carpool app, it is essentially scaling its platform by powering third-party apps via a white-label service.