Wunder Mobility built its business selling software to shared scooter, e-bike and even short-term car rental startups. Now, it’s banking on a new — and once secret — lending division to bring in more revenue that’ll give micromobility operators another option to access capital without having to pitch venture capitalists and other investors.
The company announced the official launch of Wunder Capital, a subsidiary that provides micromobility operators with fleet financing solutions. Wunder Capital, which has been operating in stealth mode for two years, has already provided financing to more than 25 businesses, according to the company.
As shared micromobility becomes the norm, the industry has the chance to scale dramatically, Gunnar Froh, Wunder Mobility’s founder and CEO, said in a recent interview. He believes traditional VC-backed funding rounds are too slow to keep up with the level of growth required to keep up with increasing demand.
Recent Comments