Wunder Mobility’s new lending business helps micromobility startups finance fleets
April 27, 2021
Wunder Mobility, the international provider of software and hardware for new mobility services, introduces its new subsidiary Wunder Capital, a subsidiary that provides micromobility operators with fleet financing solutions, and gains emmy, Germany’s leading moped-sharing operator, as a client.
By operating in stealth mode over the past two years, Wunder Mobility has financed over 25 mobility businesses and, with the help of data-based credit decisions, developed a modern alternative to banking and venture capital. With the knowledge gained over the course of two years, Wunder Mobility now launches into the next development phase and is establishing an independent company for this new business area. In early 2021, Wunder Mobility provided their flexible financing solution to emmy, and made the near doubling of their moped fleet possible. Wunder Mobility and emmy are counting on the sharing-version of Yadea’s G5L.
Wunder Capital aims to become a one-stop shop for shared operators looking for operational software, high-quality vehicles and the money to purchase them.
Valerian Seither, Chief Executive Officer and Co-founder of emmy: “For us as a young company, access to outside capital is always a challenge. This new financing model enables us to add significantly to our fleet and to finally meet the great demand from our customers. With the G5L we are adding a very promising scooter to our fleet, not just because it can rise to the challenge of a sharing-model, but also because it will be very well received by our customers. We are pleased with the trustworthy cooperation with Wunder Mobility and Yadea.”
Gunnar Froh, Founder and Chief Executive Officer of Wunder Mobility: “Wunder Capital enables mobility businesses to scale their fleet of electric vehicles with the help of flexible financing solutions. Our unique position as a platform for new mobility operators allows us to reduce CapEx expenditures and to increase the generated cash flow. Our strategic collaboration with Yadea, the world’s largest manufacturer of electric two-wheel vehicles, gives our clients the chance to profitably scale their vehicle sharing business.”