Singapore-headquartered shared e-scooter startup Neuron Mobility has raised US$18.5 million in a new funding round led by California-based cross-border fund GSR Ventures and Australian VC firm Square Peg Capital.
Existing investors SeedPlus and SEEDS Capital (by Enterprise Singapore) also participated in the round.
The investment followed a US$3.8 million seed round in December 2018.
The company will use the fresh capital to accelerate its Australian and New Zealand roadmap, its foray into other Asia Pacific markets, and further development of its technology.
Founded in 2016 by Zachary Wang and Harry Yu, Neuron operates e-scooter sharing services across Singapore, Malaysia, Thailand, and Australia. Neuron also develops proprietary hardware which it claims improves rider safety and provides oversight and control to the cities in terms of speed, parking, and geofencing technologies.