An escooter firm backed by Brian O’Driscoll and Barry Maloney has raised €1.3m as Ireland prepares to legalise the micromobility vehicles.
Zipp Mobility’s funding round includes €500,000 from a pair of prominent angel investors, including Mr Maloney, €250,000 from Enterprise Ireland and €562,000 from a crowdfunding campaign. The company has now raised over €2m in funding.
Zipp employs 25 people. A company spokesperson said that it expects to grow the team to 35 by the end of 2021.
The company is currently operating five escooter schemes in the UK and three in Poland.
The company says that it plans to increase the number of escooters it operates in the coming months as it prepares to roll out its shared escooter service across Ireland.
The government is expected to legalise escooters in Ireland later this year through Road Traffic (Miscellaneous Provisions) Bill. At present, the law requires users to have a driver’s licence, tax and insurance.
The Zipp spokesperson said that the company is in discussions with a number of local authorities in advance of the expected legislation.
Zipp Mobility was founded in 2019 by Charlie Gleeson and is headquartered at NovaUCD.
“Over the last two years we have been in discussions with Irish local authorities, and we have been sharing our international experience with them to ensure that scooter-sharing schemes are rolled out safely and responsibly once e-scooters are legalised in Ireland,” said Charlie Gleeson, CEO and founder of Zipp Mobility.
Zipp escooters have 10-inch airless tyres and a swappable battery. They use geofencing, meaning that escooters will not work outside of designated areas and slow down in designated zones.
Source – The Irish Independent