Wheels raises $50 million for pedal-less e‑bike share

Techcrunch
By Megan Rose Dickey
October 24, 2019

Wheels, the start­up found­ed by Wag founders Jonathan and Joshua Vin­er, just announced a $50 mil­lion round led by DBL Part­ners. This round brings Wheels’ total fund­ing to $87 mil­lion.

Wheels  cur­rent­ly oper­ates in six mar­kets, includ­ing San Diego, Los Ange­les, Atlanta, Chica­go, Dal­las, and Scotts­dale, Ariz.The plan is to use the fund­ing to deploy in addi­tion­al mar­kets through­out the U.S. and in inter­na­tion­al mar­kets.

We’re excit­ed to open up to dozens of cities over the next few months includ­ing inter­na­tion­al expan­sion,” Wheels COO Mar­co McCot­try told TechCrunch. “As we think about how we fit with the oth­er com­pa­nies in the space, we’re grow­ing the pie and expand­ing the mar­ket.”

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