Hamburg-based startup Wunder Mobility that provides shared mobility services has received €12 million of additional funding from investors including KCK and Blumberg Capital.
Wunder said this investment positions it as the highest funded provider of software and hardware solutions for vehicle sharing operators with fleets of e-bikes, e-scooters, e-mopeds and cars.
From fleet management to smart shuttles, Wunder supplies software, hardware and operational services for various ‘future-orientated’ mobility concepts.
The Germany company said it will continue making sizeable investments into its software and customer service over the coming years to support all the operators it works with.
“Shared mobility is now moving from early adoption into the mainstream, while at the same time, investors have begun to reward profitability over scale,” Wunder Mobility’s Founder and CEO Gunnar Froh told Zag Daily.
“This additional funding allows us to strengthen the maturity of our enterprise-level SaaS platform, to provide the best available software to local and regional-based shared mobility champions that are emerging in this highly regulated, operations-heavy market.”
Working with clients like HumanForest and Levy, Wunder is now active in more than 200 cities globally, hosts over 50,000 vehicles on its platform and has had over 40 million rides shared.
The number of people using shared mobility accelerated significantly during the pandemic and growth rates in the sector are expected to remain high in the coming years.
A report by McKinsey & Company forecasts the micromobility sector to be a $300 to 500 billion market by 2030.
Wunder is experiencing this growth first-hand having grown by 45% year-on-year in platform revenue in the first half of 2022 compared to the first half of last year.