Wheels Labs, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Wheels Labs, Inc. - overview
Established
2018
Location
Los Angeles, CA, US
Primary Industry
Travel & Leisure
About
Wheels Labs, Inc. offers innovative urban mobility solutions, focusing on providing e-scooters and e-bikes for efficient and eco-friendly transportation in metropolitan areas. Founded in 2018 in Los Angeles, US, Wheels Labs, Inc. specializes in urban mobility solutions.
In November 2022, Helbiz, Inc. acquired Wheels Labs, allowing it to expand operations to 67 markets globally. The company was founded by Joshua Viner and Matthew Alfin, with Joshua Viner serving as the CEO. Wheels Labs, Inc.
specializes in urban mobility solutions, offering a diverse range of services, including e-scooters and e-bikes that meet metropolitan transportation needs. These products are designed for efficiency and convenience, enabling users to navigate congested city streets while minimizing their carbon footprint. The company primarily targets city dwellers, tourists, and commuters seeking flexible and eco-friendly transportation alternatives, with its services deployed in various international markets across the United States and Europe. Wheels Labs generates revenue through direct-to-consumer sales within the mobility sector.
Customers can access services via a subscription model or pay-per-ride transactions, providing flexibility based on user needs. The pricing of their e-scooter and e-bike rentals aims to be accessible to a broad audience, supported by partnerships with local governments and municipalities. The mobile application enhances the user experience by facilitating easy vehicle location, rental, and return, encouraging repeat usage. Following the acquisition by Helbiz, Inc.
in November 2022, Wheels Labs plans to leverage the funding from the deal to enhance its operational capabilities and expand into new markets. The company aims to introduce new products while expanding its presence to additional metropolitan areas, strengthening its footprint in the urban mobility sector.
Current Investors
Crosscut Ventures Management, Tenaya Capital, Bullpen Capital
Primary Industry
Travel & Leisure
Sub Industries
Car Hire Services
Website
www.takewheels.com
Verticals
E-commerce, Electric & Hybrid Vehicles, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.