Netherlands-based Dott, a micro-mobility company, is nearing to secure 30 million euros ($34 million) in Series A funding.
Existing investors, EQT Ventures and Naspers, through its Naspers Ventures unit, Axel Springer Digital Ventures, Felix Capital, FJ Labs, U-Start Club, and angel investor co-led the round.
Dott will use the new capital to accelerate the go-to-market for custom-designed new products including, E-bike, which will be launched within months and produced in Europe and China and assembled in France.
In December 2018, the company, which has around $1 million in revenue annually, had collected an initial investment of $23 million.