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Electric scooter startup Grin raises ~$45 million

Grin, an electric scooter startup backed by Y Combinator, has raised a $45.7 million Series A to operate shared, electrical scooters in Latin America.

Grin, which has its headquarters in Mexico City, had previously raised fund from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, Base1 0 Spouse and others.

Currently, Grin only operates in Mexico City, but it has plans to expand to other cities throughout Latin America.

Electric scooters are clearly a hot infinite. U.S.-based companionships like Bird and Lime have raised millions of dollars. Bird is currently valued at over$ 2 billion while Lime is valued at over$ 1 billion. Meanwhile, transportation behemoths Lyft and Uber have both ventured their pretension in the electric scooter space, both deploying them in Santa Monica, Calif. in the last month.

I’m getting in contact with Grin co-founder Sergio Romo shortly. More to come.

Electric scooters are back in SF

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About the author, Gregg Kell

Entrepreneur, Business Success Partner and Shaping The Future Podcast Host.

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