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Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities

Despite the rise in electric scooters in the U.S, you’d be forgiven for thinking that Asia — the region where bike-sharing foreshadowed the rise of e-scooters — has been left off the party. But e-scooters have quietly been in the region for some time and now they are beginning to ramp up their plans.
Singapore-based Neuron Mobility is one such riser, and the company announced today that it has raised a SG$5 million ($3.7 million) seed round to explore overseas growth opportunities. The money comes from a collection of investors that include SeedPlus, 500 Startups, SEEDS Capital, ACE Capital, undisclosed angels and family offices.
Founded in 2016, Neuron has offered electric scooters in Singapore since last year. That fleet is currently downsized, CEO Zachary Wang told TechCrunch in an interview, because the startup is awaiting new regulation from the Singapore government. He expects that to take another one or two months. At its peak, Wang said, Neuron was Singapore’s latest provider with around 1,000 e-scooters on the island nation, although the number is down to “a few hundred” right now.
Scooters from Neuron and other rivals have been impounded in Singapore in recent times because they have been parked in illegal areas. Singapore currently prohibits scooters from being left in public places, such as subway stations, but pre-defined adjacent spaces are ok. As such, Neuron charges users a $5 fee when they leave their ride in the wrong place. That’s detected by geo-fencing tech and the charge covers the cost of sending a staffer to move it, Wang explained.
Despite it forcing the startup to slim down its operations, Wang is supportive of the Singapore government’s moves. Admitting that on-demand bikes and scooters can pile up “like rubbish on the streets in many cities,” the Neuron CEO said that “multi-use of sidewalk pavements [from scooters and other services] is here to stay and regulation brings rights to operate, which is a good thing.”
Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities
[Left to right] Neuron Mobility founders Harry Yu and Zachary Wang started the Singapore-based company in 2016
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