Grin Scooters, S.A.P.I de C.V.

Grin Scooters, S. A. P. I de C.

V. provides eco-friendly electric scooter rental services in urban areas, enhancing local transportation options through accessible and sustainable mobility solutions. Founded in 2018 in Mexico City, Mexico, Grin Scooters specializes in the rental of electric scooters. The firm has engaged in three deals, with the most recent being a Series A funding round in October 2018, where it raised USD 45.

65 mn. The company does not have any known subsidiaries or parent companies. Grin Scooters offers a platform for electric scooter rentals aimed at urban commuters and environmentally conscious users. Their service includes a fleet of electric scooters that can be easily found and rented through a mobile application.

The company operates primarily in Mexico and is focused on enhancing urban mobility while reducing carbon emissions. Grin Scooters generates revenue through a usage-based model, where customers pay for the time they use the electric scooters. Each rental is priced based on duration, with additional fees applicable for specific services, contributing to the overall income stream of the company. The revenue model is designed to attract users looking for convenient and eco-friendly transportation alternatives without the burden of ownership.

As of October 2018, Grin Scooters plans to leverage its recent Series A funding of USD 45. 65 mn to expand its fleet of electric scooters and enhance its presence in Mexico's urban areas. The company aims to introduce new models and improve technology features in its app for better user experience. Additionally, Grin Scooters is exploring opportunities to expand its operations into other Latin American cities by 2021, focusing on regions with high urban density and demand for sustainable transportation solutions.