Grin and Yellow Merge to Form Grow Mobility, Receive US$150 Million Investment
Mexico-based electric scooter startup Grin and Brazil-based dockless bike and scooter provider Yellow have merged to form Grow Mobility. The new company, which operates more than 135,000 vehicles across six countries in Latin America, has also reportedly received an investment of US$150 million from undisclosed investors to support the merger and future growth. Existing investors in the company include venture capital firms Monashees Capital, Base10 Partners, Grishin Robotics, GGV Capital, Shasta Ventures, DCM and 500 Startups.
Mexico-based electric scooter startup Grin and Brazil-based dockless bike and scooter provider Yellow have merged to form Grow Mobility. The new company, which operates more than 135,000 vehicles across six countries in Latin America, has also reportedly received an investment of US$150 million from undisclosed investors to support the merger and future growth. Existing investors in the company include venture capital firms Monashees Capital, Base10 Partners, Grishin Robotics, GGV Capital, Shasta Ventures, DCM and 500 Startups.