German mobility startup, Wunder Mobility has raised $30 million in Series B funding led by KCK Group. The round also saw participation from the previous backer Blumberg Capital and other non-disclosed investors, the company said in a statement.
The startup that provides a range of mobility services, from carpooling to electric scooter rentals, says the investment will be used to expand the company’s engineering team in its home country and to establish an international B2B sales organization.
Founded in 2014, Wunder Mobility was initially operating in Hamburg, but now with an international focus, the startup is operating in emerging markets across Asia, Germany, and South America. It has over 70 employees and further plans to add another 100 employees in product development and B2B sales over the next twelve months.
In terms of services, Wunder Mobility supplies software, hardware, and operational services for various “future-oriented” mobility concepts. These span smart shuttles, fleet management and carpooling, reaching more than two million users in a dozen countries, where it operates in.
“We are enabling communities on four continents to address the global traffic challenge and to deploy more sustainable mobility options faster by hosting a full-stack urban mobility tech platform,” said founder and CEO Gunnar Froh.
“Our three product lines either allow private people to share empty seats with people headed in the same direction (Wunder Carpool), match professional drivers with passengers in 6-10 seater vans (Wunder Shuttle), or give travellers the option to rent vehicles (electric scooters, cars) by the minute (Wunder Fleet),” he added.
Transport companies, as well as customers, are using Wunder technology. The company claims to process about one million trips per month worldwide.
Wunder Mobility had forayed in the Indian market last year. It had launched a revamped version of its global app in line with the urban mobility needs of the Indian community.