German mobility startup Wunder Mobility raises $30M Series B
Wunder Mobility, the Hamburg-based startup that provides a range of mobility services, from carpooling to electric scooter rentals, has raised $30 million in Series B funding. The round was led by KCK Group, with participation from previous backer Blumberg Capital and other non-disclosed investors.
The German company says the investment will be used to expand the company’s engineering team in its home country and to establish an international B2B sales organisation. Currently, Wunder Mobility has 70 employees working from four offices in Asia, Germany, and South America. The aim is to add another 100 employees over the next twelve months in the areas of product development and B2B sales.
Founded in Hamburg in 2014, but now with an international focus, including emerging markets, Wunder Mobility supplies software, hardware, and operational services for various “future-oriented” mobility concepts. These span smart shuttles, fleet management and carpooling, reaching more than two million users in a dozen countries, including France, Germany, Spain, Brazil, India, and the Philippines.
“We are enabling communities on four continents to address the global traffic challenge and to deploy more sustainable mobility options faster by hosting a full-stack urban mobility tech platform,” explains founder and CEO Gunnar Froh.
“Our three product lines either allow private people to share empty seats with people headed in the same direction (Wunder Carpool), match professional drivers with passengers in 6-10 seater vans (Wunder Shuttle), or give travellers the option to rent vehicles (electric scooters, cars) by the minute (Wunder Fleet)”.
In recent months, transport companies as well as customers from the automotive industry in Japan, Europe and America have committed to using Wunder technology. The company is already processing around one million trips per month worldwide.
To that end, Froh describes Wunder Mobility’s typical B2C customers as the emerging middle class in mega cities such as Rio de Janeiro, Manila or Dehli.
“Many of these customers commute to work every day for several hours, are often first-time car owners and are open to sharing empty seats in their cars in order save on gas and car expenses,” he says.
On the B2B side, the startup’s customers are large OEMs, and public transit companies or suppliers, such as the Japanese conglomerate Marubeni. “We are working with Marubeni on ambitious new mobility services worldwide,” adds Froh.
Meanwhile, Wunder Mobility’s competitors are cited as Via in New York on the shuttle side. In Europe it perhaps competes most directly with Berlin’s Door2Door, and Vulog in Paris.