Singapore’s micromobility startup Beam raises $26 million
Beam, a Singapore-headquartered micromobility firm that offers shared e-scooters, has raised $26 million in a new funding round as it wants to expand its footprint in Korea, Australia, Malaysia, New Zealand and Taiwan. Sequoia India and Hana Ventures led the two-and-a-half-year-old start-up’s Series A funding round, while a number of more investors from the Asia Pacific region […] Sequoia India and Hana Ventures led the two-and-a-half-year-old startup’s Series A financing round, while a number of more financiers from the Asia Pacific region got involved, consisting of RTP Global, AppWorks, Right Click, Cherubic and RedBadge Pacific, Beam said. Beam, which did not disclose how many customers it has generated, will use the fresh capital to grow its operational and engineering focus and grow deeper in its existing markets, it stated. The start-up’s fundraising comes at a time when many young firms in Asia, especially those operating in the transportation category, are struggling to raise capital. …
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