Bond Mobility Inc., a Swiss e-bike sharing company, has raised $20 million in a Series A funding round.
Bond Mobility, formally known as Smide co., secured the funds from backers including Japanese advanced automotive technology company Denso‘s New Mobility Group among others.
As part of the financing, Denso‘s unit will use Bond’s technologies to accelerate the development of its mobility as a Service model.
Annually, Denso has approximately $80.5 billion in revenue.