Dutch electric mobility startup raises €50M for international expansion

GO Sharing, a Netherlands-based electric mobility startup, plans to expand its product line and add new markets with a recent capital raise of €50 million.

The funding, technically secured by parent company GO Green, comes from Opportunity Partners as well as the company’s founders. 

Founded in 2019, GO Sharing has now raised more than €70 million.

The company says it will expand beyond e-scooters to add e-bikes and electric cars to its offerings. The expansion will be done with support from its London-based sister company GreenMo, an electric mobility company that recently acquired a majority stake in E-bike To Go and took over Belgian micro-mobility leasing operator zZoomer.

“Users will soon be able to book e-bikes and electric cars in our app in the same way that they already book shared mopeds now. The e-bikes are a healthy alternative for short trips in the city,” says Raymon Pouwels, GO Sharing CEO.

“The electric cars can be picked up at strategically located hubs in the urban periphery, so that they become part of the journey between cities - an essential element in our mission to turn vehicle ownership in to integrated shared mobility.”

GO Sharing says it will also use the funding to accelerate international expansion. Along with the Netherlands, the company has a presence in Austria and has just added electric mopeds in Antwerp, Belgium. Next it plans to add service in Germany, the United Kingdom and Turkey.

Go Sharing says it is focusing on cities that want to reduce carbon emissions and traffic congestion.

“GO Sharing believes in a green planet with mobility owned by everyone, shared by everyone. We aspire to change the global attitude towards mobility from personal vehicle ownership to on-demand shared use,” Pouwels says.