Zeus Scooters expands attain by way of acquisition of Zipp Mobility
Mobility specialist Zeus Scooters has acquired Eire-based e-bike and e-scooter firm Zipp Mobility for an undisclosed sum.
The acquisition supplies Zeus with additional attain in the UK and Eire markets, based on a launch.
It is the second acquisition in latest months for Zeus, which introduced the acquisition of e-scooter company Zwings in a money and fairness deal in August.
It additionally landed funding of €5 million with traders together with Enterprise Eire and BVP Investments.
Each Zeus and Zipp had been based in 2019, with the latter asserting funding rounds of €1.3 million in 2021 adopted by €6.1 million last year.
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The acquisition of Zipp expands Zeus’ operations to greater than 50 places in 9 international locations together with the U.Okay., Eire, Italy and Poland.
Damian Younger, founder and CEO of Zeus, stated: “We now have been very impressed with what Zipp has achieved over the previous variety of years and are very excited to carry the Zipp staff and experience beneath the Zeus umbrella. This acquisition is a testomony to the exhausting work and dedication of each groups, and we look ahead to bringing our industry-leading security options to much more clients.”
Charlie Gleeson, founder and CEO of Zipp Mobility, stated: “In essence, we’re two firms who share the identical core mission and values, to make our cities extra accessible to all, by way of inexpensive and sustainable modes of transport. I’m very pleased with what each firms have achieved individually, however I’m extra excited for what we will obtain collectively because the main micromobility firm in Eire.”
In February, Turkey-based mobility supplier Binbin announced the acquisition of GO Sharing, a Netherlands-based e-scooter enterprise.
