M&A Deal Summary

Micromobility.com Acquires Wheels

On June 21, 2022, Micromobility.com acquired automotive company Wheels

Acquisition Highlights
  • This is Micromobility.com’s 1st transaction in the Automotive sector.
  • This is Micromobility.com’s 1st transaction in the United States.
  • This is Micromobility.com’s 1st transaction in California.

M&A Deal Summary

Date 2022-06-21
Target Wheels
Sector Automotive
Buyer(s) Micromobility.com
Deal Type Add-on Acquisition

Target

Wheels

Los Angeles, California, United States
Wheels is a last-mile, shared electric mobility platform using proprietary vehicles with integrated helmet technology. Wheels is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Micromobility.com

New York, United States

Category Company
Founded 2015
Sector Internet Software and Services
Employees303
Revenue 1M USD (2024)
DESCRIPTION

Micromobility.com is a provider of micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles, and e-mopeds in over 30 cities around the world including Washington, D.C., Alexandria, Arlington, Atlanta, Jacksonville, Miami, Milan, Richmond, and Rome. Micromobility.com utilizes a customized, proprietary fleet management platform, artificial intelligence, and environmental mapping to optimize operations and business sustainability. Micromobility.com was founded in 2015 and is based in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 MiMoto

Milan, Italy

MiMoto is an innovative electric scooter sharing service that currently operates in Milan, Turin and Genoa. MiMoto has in a few years increasingly expanded its fleet revolutionizing the concept of urban mobility in a smart and green key, and making it simple, fun, and eco-sustainable to move within the city. MiMoto was formed in 2015 and is based in Milan, Italy.

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