ZEUS Scooters has announced the completion of a €2m funding package into the company.
ZEUS Scooters has expanded to 17 cities since its launch in 2019 in Germany, making it the fastest expanding Micro Mobility company in Germany.
The new investment into the company has been led by entrepreneur and mobility expert, Colm Menton, who sold his rental car business, Europcar Ireland, to its French parent in a deal worth an estimated €26m.
Mr Menton is also involved in a number of other ventures in this sector, including RentalMatics, which provides telematics software to the industry.
Commenting on the new investment into ZEUS Scooters, Mr Menton said they have been impressed by what the business has achieved in such a short time.
“This investment will allow the business to continue with its ambitious plans and enter new markets including Ireland when legislation is passed.
“ZEUS Scooters is a positive addition to our portfolio in this market,” he said.
ZEUS Scooters now employs 10 people in Ireland and a further 15 in Germany.
It has plans to continue its expansion in Europe and grow its head office base in Ireland, creating additional employment for the Irish Economy.