German startup Wunder Mobility has picked up €12 million in capital investment as the shared mobility market continues to grow. The Hamburg-based innovators are now marking themselves as a European leader in software and hardware for shared mobility operators.
One societal trend that is shaping our everyday lives is a consumer move towards sharing. The sharing economy is promoting more sustainable consumer choices and purchases and is influencing how we get from A to B.
More and more of us are now looking to mobility options that are based on a model of sharing with the likes of e-bikes, e-scooters, e-mopeds and car sharing schemes becoming increasingly popular. These options are now readily available in most European cities with many different operators in the market. While these operators compete for market-leading positions, they need both hardware and software to move forward. This is what Wunder Mobility is providing, and they’ve just scored fresh funding to scale further.
The Hamburg-based startup has announced a new €12 million venture capital investment. The funding was provided by investors KCK, Blumberg Capital, and others.
It positions Wunder Mobility as the highest funded provider of software and hardware solutions for vehicle sharing operators with fleets of e-bikes, e-scooters, e-mopeds, and cars.
The funding comes as the use of shared mobility is continuing to skyrocket, a trend that really ramped up during the pandemic and growth rates in the sector is expected to remain high in the coming years. McKinsey & Company, for example, forecasts the micro-mobility sector to be worth €300-500 billion market by 2030.
Wunder Mobility founder and CEO Gunnar Froh: “This sizable investment underscores the commitment of our investors to our strategy of accelerating clean and affordable mobility through sharing. It will extend our lead in micro-mobility software and enable us to provide the most advanced technology and support to ambitious operators in space.”
Advancing the potential of shared mobility
Founded in 2014, Wunder Mobility has already gained a strong reputation in the shared mobility market for its feature-rich and complete software solution, as well as hardware that is optimized for sharing.
By working with the Hamburg-based innovators, operators can accelerate their vehicle sharing businesses, launching and scaling with ease. Offering a one-stop-shop, Wunder provides both the software and vehicles they need to move their businesses forward faster.
David Blumberg, founder and managing partner at Blumberg Capital said: “Technology-driven advancements in shared mobility services positively impact individuals, businesses and society as mobility becomes more efficient, accessible and sustainable. Vehicle sharing operators have a choice in how they approach technology investments. They can take on time and cost-intensive software development and hardware sourcing or they can leverage a proven technology platform like Wunder Mobility to accelerate new products or scale existing offerings.”
Currently, the Wunder platform supports global operators and local champions who provide shared mobility across more than 200 cities worldwide. This new funding will help the company continue its strong growth trajectory and expand further.
Gunner Froh: “Consumer appetite for shared mobility services continues to increase and our customers are experiencing strong growth with the help of our technology platform. We have seen 45% year-on-year growth in platform revenue in the first half of 2022 compared to the first half of last year. We will continue to make sizable investments into our software and customer service over the coming years to support the success of all the operators we work with.”