Beam Funding, Investors & Competitors

Beam has raised $126M across 4 funding rounds, most recently a $93M Series B in February 2022.

See full Beam profile

Last Beam funding round

$93M

Series B · Feb 2022

Cumulative funding Beam raised

$126M

across 4 funding rounds

Key investors in Beam

  • Peak XV Partners
  • Alumni Ventures
  • RTP Global
  • Hana Ventures
  • Light Ray Ventures
  • Sequoia Capital
  • Founders Fund
  • ZhenFund

Beam Overview

About Beam

Beam is a micromobility startup based in Mexico City offering app-controlled e-scooters with geofenced parking incentives. Riders earn credits for docking at designated spots, reducing clutter in cities like Guadalajara and Monterrey. Launched in 2021, its fleet exceeds 5,000 vehicles, emphasizing urban safety with speed limits and helmet integrations.


Founded

2018

HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2C

Revenue model

Usage-based

Beam Funding History

Beam has raised a total of $126M across 4 funding rounds.

Beam's first fundraising round was a $6M seed round in October 2018. The most recent completed round was a $93M Series B in February 2022.

Beam funding rounds

Beam funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2022Series BAffirma Capital (lead); Hana Ventures; Light Ray Ventures; Momentum VC; Green D Ventures; ICT Capital; Alumni Ventures; Sequoia Capital; AC Ventures; EDBI; RTP Global; Peak XV Partners$93MBeam is a Singapore-based shared micromobility operator providing e-scooters, e-bikes, and plans for e-mopeds, operating in 35 cities across Malaysia, Thailand, South Korea, Australia, and New Zealand as of February 2022. The company focuses on safety features like Micromobility Augmented Riding Safety (MARS) technology, including dead reckoning, geofencing, and upcoming onboard AI cameras for pedestrian detection in its fifth-generation Beam Saturn e-scooter. Beam secured a $93 million Series B funding round on February 25, 2022, led by Affirma Capital, with participation from Sequoia Capital India (now Peak XV Partners), Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global, and Momentum Venture Capital, bringing total funding to $135 million. The funding aims to accelerate expansion into new Asian markets including Indonesia, Japan, Turkey, Vietnam, and the Philippines, deploy next-generation vehicles, and introduce e-mopeds to become Asia Pacific's first tri-modal micromobility operator, with e-mopeds expected to comprise up to one-third of the fleet within two years. Beam reported 15x revenue growth since 2020 despite COVID-19 restrictions, with one trip taken every 2 seconds at the time of the announcement, highlighting strong demand for sustainable urban mobility. The company collaborates with regulators and partners like Drover AI for computer vision tech, similar to implementations by Spin, Helbiz, and Voi. Beam positions itself as Asia Pacific's largest and fastest-growing micromobility operator, emphasizing capital-efficient expansion, technological agility, and operational capabilities across diverse markets. Investors praised the management team's strengths and the company's leadership in the rapidly unfolding APAC micromobility sector. Post-funding plans included piloting advanced safety tech by Q3 2022 and launching Beam Pluto e-mopeds in the second half of the year.
Jun 2020Series AHana Ventures (lead); Peak XV Partners (lead); MDI Ventures; Redbadge Pacific; Light Ray Ventures; Cherubic Ventures; K2 Global; RTP Global; AppWorks; Right Click Capital$26MBeam is a Singapore-based micromobility startup offering shared e-scooters with a unique 'virtual docking' model that incentivizes riders to park in predetermined spots via app rewards, distinguishing it from dockless competitors. Founded in 2018 by Alan Jiang (ex-Uber Indonesia and Ofo SEA head) and Deb Gangopadhyay, Beam operates in markets including South Korea, Australia, Malaysia, New Zealand, Taiwan, and Singapore, focusing on safety features like Beam Safe Academy training, pedestrian protection tech, and low emissions pledges, including offsetting 2019 carbon footprint. On June 1, 2020, Beam raised US$26 million in a Series A round led by Sequoia India (now Peak XV Partners) and Hana Ventures, with participation from RTP Global, AppWorks, Right Click Capital, Cherubic Ventures, and RedBadge Pacific. Funds were allocated to expand the virtual docking system, deploy the next-generation Beam Saturn e-scooter for better stability on rough surfaces, grow the largest fleet in APAC markets, enhance vehicle retention, cut operational costs, and support COVID-19 era hygiene practices. Beam emphasizes regulatory collaboration, high safety standards, and community benefits to drive mass adoption amid micromobility challenges like clutter and restrictions.
Mar 2020Series AAlumni Ventures$1M-
Oct 2018SeedClass 5 Global (lead); Founders Fund (lead); Peak XV Partners (lead); ZhenFund (lead)$6M-

Who has invested in Beam?

21 investors have backed Beam across its funding rounds, including Peak XV Partners, Alumni Ventures, RTP Global, Hana Ventures, Light Ray Ventures and Sequoia Capital.

Lead investors include Affirma Capital, Hana Ventures, Peak XV Partners, Class 5 Global, Founders Fund and 1 other investor.


Beam Investors

Investors in Beam by funding rounds participated
InvestorHQRoundsRoleFirst check
Peak XV PartnersIndiaBangalore3LeadOct 2018
Hana VenturesSouth KoreaSeoul2LeadJun 2020
Light Ray VenturesUnited StatesNew York City, NY2ParticipantJun 2020
Alumni VenturesUnited StatesUnited States2ParticipantMar 2020
RTP GlobalUnited KingdomLondon2ParticipantJun 2020
ZhenFundChinaBeijing1LeadOct 2018
MDI VenturesIndonesiaJakarta1ParticipantJun 2020
Redbadge PacificSouth KoreaSeoul1ParticipantJun 2020
Momentum VCSingaporeSingapore1ParticipantFeb 2022
Class 5 GlobalUnited StatesSan Francisco, CA1LeadOct 2018
Green D VenturesUnited StatesBoston, MA1ParticipantFeb 2022
ICT CapitalUnited StatesWichita, KS1ParticipantFeb 2022
Sequoia CapitalUnited StatesSan Francisco, CA1ParticipantFeb 2022

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Acquisitions by Beam

Beam has acquired 1 company to date.

Last acquisition by Beam was on July 2nd 2025. Beam acquired Neuron Mobility for undisclosed valuation.


Latest Acquisitions by Beam

Neuron Mobility
Description
Neuron Mobility is a Singapore-headquartered operator of dockless electric scooter and e-bike sharing services. Its fleet of proprietary orange scooters features geofencing technology, anti-theft GPS, and speed limiters to enforce safe riding in cities like Singapore, Auckland, and Brisbane. Designed for durability with swappable batteries, the vehicles withstand commercial usage volumes. Founded in 2018, Neuron Mobility prioritizes rider verification via app-based age and license checks.
HQ CountrySingapore
HQ City
Singapore
Deal Date2 Jul 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Beam Competitors

Beam competitors include listed companies like VinFast, Lyft and Ninebot, and private ones like Enilive, Bolt and ofo.

Public and private companies comparable to Beam
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EniliveItalyRomePrivate--$14B-
BoltEstoniaTallinnPrivate$592M-$8.3B-
VinFastVietnamVietnamPublicly listed$3.5B($2.7B)$7.6B3.0x
LyftUnited StatesUnited StatesPublicly listed$6.3B$103M$5.9B0.8x
NinebotChinaChinaPublicly listed$3.2B$335M$4.1B0.7x
ofoChinaChinaPrivate--$3B-

Beam Public Comps

Beam is still privately-owned, but its public comps include VinFast, Lyft, Ninebot, Aima Technology Group, Lime, Bajaj Mobility, Youon Technology, Piaggio, Phoenix Bicycle and BiNBiN.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
VinFast$3.5B($2.7B)4.1x3.0x(5.2x)(6.4x)
Lyft$6.3B$103M0.8x0.8x52.0x8.2x
Ninebot$3.2B$335M0.8x0.7x7.6x7.0x
Aima Technology Group$3.7B$422M0.6x0.6x5.3x6.0x
Lime$887M$87M2.2x-22.2x-
Bajaj Mobility$1.2B$1B1.8x-2.0x-
Youon Technology$61M($17M)6.2x-(22.7x)-
Piaggio$1.7B$284M0.8x0.7x4.7x4.5x

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Common questions about Beam

When was Beam founded?Beam was founded in 2018.
Where is Beam headquartered?Beam is headquartered in Singapore, Singapore.
Is Beam publicly listed?No, Beam is a private, VC-backed company.
How much funding has Beam raised?Beam has raised $126M across 4 funding rounds.
What was Beam's last funding round?Beam's last funding round was a $93M Series B in February 2022, led by Affirma Capital.
Who are Beam's investors?Beam's investors include Peak XV Partners, Hana Ventures, Light Ray Ventures, Alumni Ventures, RTP Global, ZhenFund, MDI Ventures, Redbadge Pacific, Momentum VC, Class 5 Global and 11 others.
Which companies are comparable to Beam?Companies comparable to Beam include Enilive, Bolt, VinFast, Lyft, Ninebot and ofo.
How many companies has Beam acquired?Beam has acquired 1 company, including Neuron Mobility.

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