TDK Ventures has taken part in a round for electric bicycle rental startup Wheels sized at more than $50m, nine months after it raised $37m.
US-based shared electric mobility services provider Wheels has received more than $50m in a funding round that included TDK Ventures, the recently launched corporate venturing subsidiary of electronics manufacturer TDK Corporation.
Venture capital firm DBL Partners led the round, which followed $37m in equity financing from Tenaya Capital, Bullpen Capital, Crosscut Capital, 3L Capital, angel investor Naval Ravikant and several unnamed strategic investors in January this year.
Wheels operates a network of dockless electric bicycles that are currently available…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
