Dott raises $34 million to build a sustainable scooter startup

INSUBCONTINENT EXCLUSIVE:
Compared to many scooter companies out there, the startup is taking a careful approach when it comes to growth in order to build a good
Existing investors Axel Springer Digital Ventures, DN Capital, Felix Capital, FJ Labs and U-Start Club are also investing again.Dott had
in dozens of cities
The company works with local governments to get approval.It then rolls out a reasonable fleet of scooters
Dott is currently live in Brussels, Paris, Lyon and Milan
The company has around 1,000 to 2,500 scooters per city.The company has its own warehouses to charge and repair vehicles
Dott hires full-time employees and works with third-party logistics providers.Scooters are also supposed to be sturdier thanks to a dual
brake system and bigger wheels
Every part is supposed to be replaceable.And the company is now going one step further by including insurance coverage for no extra cost
Dott is partnering with Zego and La Parisienne Assurances to cover personal injuries and third-party liability in France, Belgium and soon
Italy.Up next, Dott plans to release a second generation of scooter with swappable batteries, which should make fleet management much easier
And the company is already working on a third generation of vehicles.Dott also plans to launch a new type of vehicles, e-bikes
And of course, the company plans to gradually expand to new cities in Germany, the U.K
Taking a sustainable approach will require a ton of capital
realize how brutal the scooter market could be
Les Echos reported earlier this week that Bolt, Wind, Hive, Ufo, Voi and Tier had all halted their services in Paris.Lime, Bird, Circ, Dott,