Tag Archives: Series A.

LimeBike dashes off with $50 million investment to ramp up bike-sharing plans

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Following its $12 million Series A round in March, LimeBike announced last week that it has raised another $50 million in Series B funding.  All things seem to be looking bright for the California-based startup.  The company has been posting an average 50% week-over-week growth with 250,000 registered users, 500,000 logged trips, and operations in 20 different markets.  What seems to click for LimeBike is its customized approach of making the dockless bike-sharing system work in the US. Aside from tailoring bike programs for long-term partnerships with its users, LimeBike also actively educates its users on parking ethics with parking incentives to address the lack of parking compliance. As the bike sharing space is becoming very competitive, with China heavyweights Ofo and Mobike now coming to the US, speed and differentiation could serve as a key to success. LimeBike looks at launching in two new US cities each week and aiming to expand overseas in 2018. 

The future of motorcycle helmets

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SKULLY, the maker of state-of-the-art motorcycle helmet SKULLY AR-1, is revving up for success. Fresh from its record-breaking pre-order campaign on Indiegogo that raised $2.8 million from consumers, the company recently raised an additional $11 million in Series A funding to get the motorcycle helmet into production. So why is the SKULLY AR-1 getting a lot of buzz? SKULLY AR-1 has been dubbed by its founder Dr. Marcus Weller as the “world’s smartest motorcycle helmet” and with good reason. It uses the SKULLY’s proprietary Synapse™ technology platform that features an advanced head up display optics that is linked to an intelligent network including a near 180-degree rear-view camera, GPS navigation, voice control, and Bluetooth connectivity for smartphone communication. The high tech features are designed to enhance the rider’s awareness so he/she can have a safer riding experience. SKULLY will use the new funds to hire more people and ship its products.