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- Beam
Beam Funding, Investors & Competitors
Beam has raised $126M across 4 funding rounds, most recently a $93M Series B in February 2022.
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Sectors
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series B | Affirma 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 | $93M | Beam 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 2020 | Series A | Hana Ventures (lead); Peak XV Partners (lead); MDI Ventures; Redbadge Pacific; Light Ray Ventures; Cherubic Ventures; K2 Global; RTP Global; AppWorks; Right Click Capital | $26M | Beam 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 2020 | Series A | Alumni Ventures | $1M | - |
| Oct 2018 | Seed | Class 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2018 | ||
| 2 | Lead | Jun 2020 | ||
| 2 | Participant | Jun 2020 | ||
| 2 | Participant | Mar 2020 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 21 Beam investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Singapore |
| Deal Date | 2 Jul 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Beam acquisitions and their M&A valuation multiples. Start Free Trial | |
Beam Competitors
Beam competitors include listed companies like VinFast, Lyft and Ninebot, and private ones like Enilive, Bolt and ofo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $14B | - | ||
| Private | $592M | - | $8.3B | - | ||
| Publicly listed | $3.5B | ($2.7B) | $7.6B | 3.0x | ||
| Publicly listed | $6.3B | $103M | $5.9B | 0.8x | ||
| Publicly listed | $3.2B | $335M | $4.1B | 0.7x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.5B | ($2.7B) | 4.1x | 3.0x | (5.2x) | (6.4x) | |||
| $6.3B | $103M | 0.8x | 0.8x | 52.0x | 8.2x | |||
| $3.2B | $335M | 0.8x | 0.7x | 7.6x | 7.0x | |||
| $3.7B | $422M | 0.6x | 0.6x | 5.3x | 6.0x | |||
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $1.2B | $1B | 1.8x | - | 2.0x | - | |||
| $61M | ($17M) | 6.2x | - | (22.7x) | - | |||
| $1.7B | $284M | 0.8x | 0.7x | 4.7x | 4.5x | |||
This data is available for Pro users. Sign up to see all Beam competitors and their valuation data. Start Free Trial | ||||||||
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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