Felyx secures €24 million

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Amsterdam-based startup Felyx secures €24 million to expand its e-scooter sharing platform

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Back in 2016 the Amsterdam-based electric scooter company, Felyx, tapped into the last mile problem in the mobility industry. Currently, it offers ride-sharing services in three cities in The Netherlands; Rotterdam, Amsterdam and The Hague, and in 2019 the company expanded its services to Belgium. Felyx has now raised €24 million in new equity funding in its series A investment round to fuel its expansion across Europe.

Felyx plans to grow its service in new markets, such as Germany and France to further expand its Benelux region. According to Silicon Canals, the company believes that both regions have high potential. “In Germany, for example, there are no fewer than 28 cities that are of interest to us with a maximum of one competitor. In addition, France and Germany are relatively easy for us to travel to, so that we can share our knowledge and skills with the new city teams,” says Selhorst

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New cities that will be on the list of rollouts include Dortmund, Cologne, Berlin, Düsseldorf, Hamburg and Paris. However, the actual rollout of the e-scooter sharing platform in these cities depends on the company’s priorities based on its assessments of market potential, competition and whether it will receive a permit. During the time, Felyx will gently bolster its service offerings in the Benelux.

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This article was originally written by the board of the Philips Innovation Award . You can find more information on the website. If you want to see the original article, click here.

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