Beam Mobility Holdings Pte. Ltd.
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Beam Mobility Holdings Pte. Ltd. - overview
Established
2018
Location
Singapore, -, Singapore
Primary Industry
Transportation Services
About
Beam Mobility Holdings Pte. Ltd. specializes in shared micromobility solutions, offering electric scooters and bicycles for urban transportation. Committed to sustainability, Beam enhances urban mobility options across various cities globally.
Founded in 2018 in Singapore, Beam Mobility Holdings Pte. Ltd. focuses on providing eco-friendly shared transportation solutions. The company has raised a total funding of USD 50.
85 mn in its Series B round on August 19, 2022, led by Affirma Capital and includes multiple investors such as AC Ventures and Sequoia Capital. The firm operates globally with a presence in cities like Kuala Lumpur, Seoul, Wellington, and Albuquerque. The management includes co-founders Adam Bao, Alan Jiang, and Deb Gangopadhyay, with Alan Jiang serving as the CEO. Beam Mobility offers shared micromobility solutions, particularly electric scooters and bicycles available for short-term rentals in cities across the Asia Pacific, North America, and parts of Europe.
Their service model addresses urban congestion and environmental issues, providing efficient and sustainable transportation. Beam operates in various global markets, including Kuala Lumpur, Seoul, Wellington, and Albuquerque, while fostering community engagement and partnerships to enhance local mobility solutions. Beam Mobility generates revenue primarily from the rental of its electric scooters and bicycles through a pay-per-ride model. Users access these services via a mobile application, facilitating convenient rentals and payments.
The company reported zero revenue in 2020 and an EBITDA of USD -45,220. 4 in 2022, indicating a focus on growth and service expansion rather than immediate profitability. In August 2022, Beam Mobility raised USD 50. 85 mn in Series B funding to facilitate the deployment of its 5th generation e-scooter.
This funding will support the company's expansion into markets such as Japan, Indonesia, the Philippines, Vietnam, and Turkey, with plans to introduce their innovative e-scooter solutions in these regions.
Current Investors
Sequoia, Gobi Partners, Founders Fund
Primary Industry
Transportation Services
Sub Industries
Car Hire Services, Public Transit/Transportation, Web Applications
Website
www.ridebeam.com
Verticals
E-commerce, Electric & Hybrid Vehicles, IoT (Internet of Things), Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Beam Mobility Holdings Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|
| Revenue (USD) | 31,414 | - | - | - | - |
| % Revenue Growth (YoY) | - | (100.0%) | - | - | - |
| EBITDA (USD) | (2,780,452) | (1,985,646) | - | - | - |
| Operating Income (USD) | (2,947,735) | (1,992,668) | - | - | - |
| Operating Margin | (9383.5%) | - | - | - | - |
| % EBITDA Margin | (8851.0%) | - | - | - | - |
| NET Income (USD) | (2,941,255) | (1,988,880) | - | - | - |
| % Net Margin | (9362.9%) | - | - | - | - |
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