Zipp Mobility Expands UK Footprint Following Acquisition by ZEUS

Zipp Mobility – recently acquired by ZEUS, Ireland’s largest micromobility company, today announced that it is expanding its UK footprint with an e-scooter trial in Barnstaple, Devon. Zipp is partnering with North Devon County Council and the new e-scooter trial will go live on Wednesday 17 May, with a launch event and training session in Barnstaple.

Zipp Mobility, headquartered at NovaUCD in Dublin, already operates in five markets across the UK, which makes the company one of the largest and most experienced e-scooter operators in the country. 

This is the first of several upcoming launches by the company following its acquisition by ZEUS.

At the core of the Barnstaple trial is safety, both for the e-scooter riders themselves and other road users and pedestrians. Zipp Mobility has already led several informal discussions with local councillors and other stakeholders, in particular representatives of disability organisations, to understand their concerns and address these in the design of the trial.

Damian Young, CEO, ZEUS said, “We’re thrilled to bring our range of top-quality e-scooters to even more people in the UK following ZEUS’ acquisition of Zipp Mobility. This expansion is a testament to our commitment to providing reliable, eco-friendly transportation options that improve people’s lives. We can’t wait to see the positive impact that our e-scooters will have on the local community in Barnstaple, and we’re excited to be a bigger part of the UK’s transition towards more sustainable mobility solutions.”

Charlie Gleeson, founder and Chief Executive, Zipp Mobility said, “Our emphasis will be on safety both for e-scooter users and the general public. We really hope that people will see the advantage of getting around town in a cleaner, greener way while being aware of and considerate to other road users and pedestrians. I believe this climate-conscious, community-spirited attitude will be the key to the trial’s success.”

In order to ride an e-scooter, a user must be at least 16 years old and hold at least a provisional driving license. The Zipp e-scooters will be using geofencing technology to prevent riders from going into wholly pedestrian areas or onto major roads. The maximum speed limit is 15.5 mph.

The UK Department for Transport has made e-scooters legal to use on road, cycle lanes and cycle paths only. Zipp e-scooters will operate 24 hours, seven days a week. It will cost £1 to unlock the e-scooter and 20 pence per minute thereafter.

Zeus Scooters Acquires Zipp Mobility

Zeus Scooters, a leading Irish mobility company, today announced that it has acquired Zipp Mobility, an Irish shared e-scooter and e-bike service provider, for an undisclosed sum. The acquisition will enable Zeus to continue to expand its reach into the Irish and UK markets and follows-on from its acquisition last year of UK-based scooter-sharing operator, Zwings.

The acquisition brings together two of the most innovative and customer-focused e-scooter companies in Europe and creates Ireland’s largest homegrown micromobility company.

Zeus, headquartered in Carlow, was founded by Damian Young in 2019. The company began an e-scooter sharing service in Germany in 2020 and since then it has expanded rapidly across Europe and Asia.

Zipp, headquartered at NovaUCD in Dublin, was founded by Charlie Gleeson in 2019. Since then the company has launched e-scooter and e-bike services in 9 locations across Ireland, the UK and Poland.

With this latest acquisition Zeus is now operating in over 50 locations across 9 (Croatia, Germany, Ireland, Italy, Malaysia, Norway, Poland, Sweden and UK) countries. The combined Irish business of Zeus will now have 50 employees and all Zipp staff are being kept on.

Damian Young, CEO and Founder, Zeus, said, “With today’s announcement we are proud to be expanding Zeus’ commitment to offer an affordable, customer-focused mobility solution that places sustainability and rider safety first. We have been very impressed with what Zipp has achieved over the past number of years and are very excited to bring the Zipp team and expertise under the Zeus umbrella.  This acquisition is a testament to the hard work and dedication of both teams, and we look forward to bringing our industry-leading safety features to even more customers.”

He added, “We are also creating regional employment across Ireland in anticipation of new legislation for the Irish micromobility sector, while also further expanding Zeus new markets in the UK.”

Charlie Gleeson, CEO and Founder, Zipp Mobility said, “We are delighted to be able to share the news that Zipp has been acquired by Zeus. In essence, we are two companies who share the same core mission and values, to make our cities more accessible to all, through affordable and sustainable modes of transport. I am very proud of what both companies have achieved individually, but I am more excited for what we can achieve together as the leading micromobility company in Ireland.”

Ronan Garvey, Chief Product Officer, Zeus, said, “Zeus and Zipp are deeply committed to providing high-quality, reliable and affordable transportation options globally. The acquisition of Zipp puts us in an even stronger position to meet the evolving needs of customers across its markets.”

Zeus Scooters and Zipp Mobility have been supported by Enterprise Ireland.

Irish Micromobility Operator Closes €6.1 million Funding Round Led by Fasanara Capital

Zipp Mobility (www.zippmobility.com), Ireland’s leading micromobility operator, today announced that it has closed a €6.1 million funding round led by Fasanara Capital, a UK-based asset manager, and follow-on investment from a number of existing investors.

The funding, a mixture of equity and debt, will be used by the company to expand its e-scooter and e-bike operations in Ireland, UK and in mainland Europe in the coming months and to expand the Zipp growth and operations team.

Zipp Mobility, established by Charlie Gleeson in 2019 and headquartered at NovaUCD in Dublin, is already a significant player in the European micromobility sharing market, having launched e-scooter and e-bike operations in nine (9) cities in the UK, Ireland and Poland.

Charlie Gleeson, CEO and founder, Zipp Mobility, said, “We are delighted to have secured this significant investment and backing from the Fasanara Capital team and existing investors. Its great to have so many investors who believe in our long-term vision of “mobility done right”. This funding will help us bring this approach to more cities and provide more people in Ireland, the UK and mainland Europe with sustainable, safe and community-centric micromobility solutions.”

Francesco Filia, CEO, Fasanara Capital, said “We were attracted to investing in Zipp by their differentiated market position and unique value proposition to local government partners. Zipp are an evolved player in the mobility space with a proven track record, sophisticated tech infrastructure and a quality-driven approach and we believe these factors will continue to drive the company’s success in this fast-growing market.”

Previous to this latest funding round Zipp Mobility, an Enterprise Ireland high potential start-up, had secured a total of €2.1 million from a number private and angel investors including, former Irish rugby international Brian O’Driscoll and Barry Maloney of Balderton Capital, Enterprise Ireland, and through a crowdfunding campaign on the Spark Crowdfunding platform.

Davy Corporate Finance acted as financial adviser to Zipp Mobility on the transaction.

Zipp Mobility Opening Statement – Joint Committee on Transport and Communications

I dtús báire ba mhaith liom buíochas a ghabháil leat a Chathaoirleach agus Baill an Choiste ar  son Zipp Mobility as cuireadh a thabhairt dom teacht anseo inniu agus roinnt libh ár dtuairimí  ar an mBille um Thrácht ar Bhóithre agus um Bóithre 2021 go háirithe maidir le cúrsaí scútar  leictreach. 

Our company, Zipp Mobility, is Ireland’s leading shared micromobility provider, and we  strongly support the efforts being made to legislate for the use of e-scooters in Ireland. We  currently provide shared e-scooter and e-bike solutions to cities and towns across Ireland, the  UK and mainland Europe. We are an Enterprise Ireland client company and have been awarded  High Potential Startup status. Since our founding in 2019, we have grown to a team of 25 people and hope to create 50 more high-paying, skilled jobs in Ireland over the next 18  months. At Zipp we believe in “mobility done right”. This means it is our mission to do  everything we can to help decarbonize transport, but it must be done in a principled way that  respects the needs of the entire community. 

Before we discuss electric scooters, I think it would be worth giving context to this conversation  by reviewing Ireland’s transport-related greenhouse gas emissions. Transport is the second  largest contributor to Ireland’s greenhouse gas emissions. In addition to this, the transport  sector has been Ireland’s fastest growing source of greenhouse gas emissions since 1990, with  transport emissions doubling in that time. And when you break this down further, it is clear  that private car usage is the leading cause of transport emissions, contributing to nearly 50%  of total transport emissions in some years and consistently being over twice the size of the  next largest emissions category. 

Ireland has set the ambitious goal of reducing its emissions by 51% by 2030 and getting to  net zero by 2050. This means we need a 7% reduction in emissions per annum for the next 8  years. In 2020, despite Covid restrictions and an economic slowdown our emissions only went  down by 3.6%. I believe this illustrates how great of a task we have at hand here. We must  achieve twice the reduction brought on by a global pandemic and repeat that year-on-year  for eight consecutive years while also trying to grow our economy and fix the housing crisis,  among other policy goals. 

 

To achieve this, it is vital that we consider every solution possible, and therefore e-scooters  must be a part of the conversation when it comes to decarbonizing transport. We need to  make it easier for people to make more sustainable transport choices. This can start with our  urban areas where over 60% of our population lives. By giving people safe and sustainable  transport options like e-scooters we can achieve these goals. E-scooters could be  transformational for reducing our reliance on private cars. If you’re a young person and you  can’t afford a car then getting an e-scooter could be a safe, sustainable and affordable  alternative. Scooters could also vastly increase the number of people who use public transport. If you’d like to use public transport more but you live too far away from the nearest bus or  train link then shared e-scooters could solve that problem because that 30 minute walk  becomes an 8 minute scooter journey and suddenly using public transport becomes a lot more  attractive. It is also important to remember that shared e-scooters are not just restricted to  cities like Cork and Dublin. We operate a shared e-scooter service in the English village of  Princes Risborough with a population of less than 10,000 people. This mode can work for  suburban and rural communities too. 

Other countries’ experience with e-scooters shows that e-scooters can be legislated for in a  way that achieves the dual goals of safety and sustainability. There is a balance that is required  here. On the one hand you want to reduce the barriers of entry for someone using an e-scooter  to maximize modal shift away from less sustainable modes of transport. However, the vehicles  must also meet rigorous safety standards and users must obey the rules of the road. As one  of the last developed countries in the world to enact e-scooter legislation, we can take this as  an opportunity to cherry-pick best practices from other jurisdictions and create a world-class  legislative framework for e-scooters that works for everyone. 

Shared e-scooter services give cities and towns a great deal of control over how these vehicles  interact with the public realm. Local authorities get a say in what types of vehicles are  introduced on the streets, how the operators must interact with the community and they can  enforce operating restrictions as they see fit. This control gives us the ability to introduce  scooters to cities and towns in a community-centric way, in order to build consensus around  their introduction. Zipp actively consults with members of the visually impaired and disabled  communities and their representative bodies and we are committed to ensuring that when our  service rolls out in Ireland, it is one that respects the needs of this community. We will engage  groups such as the NCBI, the IWA and the Guide Dogs, pre-launch and post-launch of our  service in a way that gives them a meaningful say in the operations of Ireland’s shared e scooter services. We can address their concerns through targeted speed reductions in certain  areas, enforcing mandatory parking zones, providing effective safety communications and by  taking a tough stance on misuse, among other initiatives. 

Chair and members of the committee, I would like to thank you once again for inviting me  here today to speak with you. I hope to give you our views on e-scooters as a representative from the shared micromobility industry, but also as a young Irish person, I hope to  communicate to you how passionate we are about ensuring Ireland becomes a world leader  in climate action. Legislating for e-scooters may seem like a small step but with a task this big  ahead of us, it is not about the silver bullet solutions, it will be about the myriad of small steps  that we take as a nation, together, in our quest to conquer the greatest problem of our age — climate change. 

Oireachtas press release: https://www.oireachtas.ie/en/press-centre/press-releases/20220301-joint-committee-on-transport-and-communications-to-continue-engagement-on-road-traffic-and-roads-bill-2021/

Joint Committee on Transport and Communications: https://www.oireachtas.ie/en/committees/33/transport-and-communications/