LatAm List – Just last month, Mexico’s electric scooter-sharing company raised the largest seed round the region has ever seen: US$28M. Now the Y Combinator-accelerated startup has raised an additional US$45.7M in a Series A round from undisclosed investors. However, Grin has previously received investment from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, and Base10 Partners.
This news comes as Grin partners with Rappi to provide its rental services across Colombia, Chile, Uruguay, and Brazil. While the partnership is not yet publicly defined, users will be able to use the Rappi app to rent the e-scooters in cities where Rappi is active.
The e-scooter market in Latin America will be an industry to watch over the next few months.
Previous coverage of Grin: