On your bike: Moby raises additional €2.85m from investors as it looks to scale

▤ Summary

Company founded and led by Thomas OConnell launched Irelands first dockless electric bike scheme over three years agoMoby, the bike sharing start-up, has raised a further 2.85 million in equity funding through the Employment & Investment Incentive Scheme (EIIS), which offers tax relief to investors in qualifying small companies.The new infusion of capital is intended to support the companys growth ambitions across Europe, where it has recently bolstered its management and sales teams. Additionally, the company has been working on developing new proprietary app-less bike rental and innovative charging technology.

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