Dott Acquisition, Valuation, Funding & Investors

Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets.

Piaggio & C. SpA is an Italian manufacturer of motor vehicles and also offers spare parts and related accessories. The group's product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and other brands, as well as three- and four-wheeler light vehicles, marketed under the Piaggio, Ape, and Porter brands. Maximum revenue is generated from the sale of its two-wheeler vehicles. Its geographical segments are EMEA and Americas, India, and Asia Pacific, with each segment having its production sites and a sales network dedicated to customers in that geographic segment. The group's key revenue is derived from the EMEA and Americas segment, which deals with the distribution and sale of two-wheeler and commercial vehicles.

Youon Technology Co Ltd is an international supplier and operator of urban green transportation systems. The company develops, manufactures, and sells public bicycle systems and public bicycle system information technology services. The company, through its IoT technology, provide comprehensive and three-dimensional green transportation services for the city. It is mainly specialized in public bicycles, public bicycle rental, public bicycle system, public bicycle rental system, public bicycle intelligent control system, and urban public bicycles. Geographically, the company generates the majority of its revenue from the Domestic market.

Bounce is a Bangalore-based bike-sharing service operating keyless scooters via app-based OTP access and one-way rentals for first- and last-mile metro connectivity in India. Launched in 2014 as Metro Bikes, it deploys over 25,000 vehicles in Bengaluru, Delhi, and Hyderabad with GPS tracking and docking-free stations.

Spironet is a Nairobi-based electric mobility company delivering customized e-bikes and scooters tailored to African markets. The firm assembles vehicles in Kenya using lithium-ion batteries and IoT-enabled controllers for fleet management in logistics, delivery, and public transport. Spironet partners with ride-hailing operators and governments in East Africa to deploy solar-charging stations, reducing urban emissions and operational costs compared to petrol alternatives.

Also is a micromobility company specializing in electric bicycles and supporting technology frameworks for small electric vehicles. Originating as a spinoff from Rivian in 2021, the Seattle-based firm targets consumer and commercial markets globally with products tailored to urban commuting, delivery services, and last-mile logistics in regions including North America and Europe.

VOI Technology is a micromobility operator providing e-bikes and e-scooters across more than 150 cities in Europe. The Sweden-headquartered company achieved EBIT profitability in 2024 through efficient fleet management and urban partnerships. Voi collaborates with city governments in countries like the United Kingdom, Germany, and Sweden to deliver sustainable last-mile transportation solutions.

PIERER Mobility AG is an automotive niche player that includes brands KTM, Husqvarna, GASGAS. The reportable segments of the company are; Motorcycles, Bicycles, and Others. The Motorcycles segment which generates the majority of the revenue, comprises the development, production and distribution of motorcycles under the KTM, Husqvarna Motorcycles, and GASGAS brands as well as components of the WP brand. The Bicycles segment's focus is on developing, manufacturing and trading e-bicycles and bicycles under Husqvarna E-Bicycles, GASGAS Bicycles. Geographically, key revenue for the company is derived from Europe (without Austria), and the rest from North America and Mexico, Austria, and other regions.

Bin Ulasim ve Akilli Sehir Teknolojileri AS is a technology company. The Company is engaged in developing, implementing, and operating all kinds of smart city technologies, applications, and solutions for transportation. The company also purchases, sells, rents, and operates electric, non-electric, bicycle, motorcycle, scooter, and other vehicles. The Group has a business model that generates high-added value based on new technology by supporting green energy and digital transformation and derives a large portion of its sales from scooter rental revenues.

TOGO is a Beijing-headquartered car-sharing operator providing minute-by-minute rentals of Smart Fortwo and Citroën C3-XR vehicles through a smartphone app. The service supports one-way point-to-point trips without fixed stations, covering fuel, insurance, parking in designated zones, and maintenance in all-inclusive rates. Active in major Chinese cities including Shanghai and Guangzhou, TOGO facilitates urban mobility for short-distance needs. Launched in 2015, it integrates with WeChat for seamless access and vehicle unlocking.

LiveWire Group Inc is an all-electric vehicle company. It sells electric vehicles and related parts and accessories and apparel in the United States and certain international markets. The company's segment includes Electric Motorcycles and STACYC. Electric Motorcycles segment sells electric motorcycles, related parts and accessories and apparel in the United States and certain international markets; STACYC segment sells electric balance bikes for kids, related parts and accessories and apparel in the United States and certain international markets. LiveWire generates revenue from the sale of electric motorcycles, Parts, accessories and apparel. Majority of revenue is from USA.

Neutron Holdings Inc is a micromobility company that provides rentals of shared electric scooters (e-scooters) and electric bicycles (e-bikes) through its platform (the Rider App) to be used for short distances in various cities and municipalities around the world.

Berlin-headquartered TIER Mobility is a shared micromobility operator deploying e-scooters, e-bikes, and e-mopeds across more than 20 European cities. Founded in 2018, it powers vehicles with a proprietary energy network and focuses on climate-neutral operations to reduce urban car dependency.

Marti Technologies Inc is a mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure.

Yulu is a Bengaluru-headquartered micromobility provider offering dockless electric bikes and scooters for urban short-distance travel in India. Founded in 2017, the company operates in over 10 cities including Mumbai, Delhi, and Pune, with a fleet exceeding 20,000 vehicles equipped with IoT for real-time tracking and AI for demand prediction. Yulu's DeX line serves last-mile delivery for partners like Zomato and Swiggy, while battery-swapping stations ensure 24/7 availability. The service integrates with public transit systems to cut emissions in congested metros.

Aima Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles.

Bird is a Santa Monica-headquartered micromobility company offering shared electric scooters and bicycles in over 400 cities worldwide. Riders access vehicles via the Bird app for dockless pick-up and drop-off, with operations spanning North America, Europe, and Latin America. Founded in 2017, Bird partners with municipalities like Miami and Paris to provide last-mile transportation integrated with public transit systems.