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Consolidation continues in micromobility as Cooltra snaps up Cityscoot
Paris’ commercial court has accepted Cooltra’s offer to acquire Cityscoot. These two companies provide shared electric mopeds in Europe.
Europe became the perfect playground for scooter startups, bike-sharing services and electric moped companies thanks to dense cities combined with a low cost of capital. Cityscoot, one of the leading micromobility services in Paris with its iconic white-and-blue electric mopeds, is the latest company that is going to stop operating following a last minute acquisition from Cooltra. The company raised tens of millions of euros from private and public investors, including Groupe RATP and Caisse des Dépôts.
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