Grin Scooters is a technology company.
Grin Scooters has raised $27.0M across 2 funding rounds.
Grin Scooters has raised $27.0M in total across 2 funding rounds.
Grin Scooters has raised $27.0M in total across 2 funding rounds.
Grin Scooters's investors include Adams Street Partners, DCM, DocuSign, Pelion Venture Partners, Practical Venture Capital, Rembrandt Venture Partners, Trinity Ventures, Venrock, Eric Ver Ploeg, Kevin Lin, Russell Fradin, Russ Fradin.
Grin Scooters was a Mexico City-based technology company that built an app-based rental platform for shared electric kick scooters, targeting urban commuters in Latin America to solve traffic congestion and provide eco-friendly short-distance mobility.[1][2][3] It served riders in major cities like Mexico City, Guadalajara, Monterrey, Bogotá, and São Paulo, addressing the problem of inefficient urban transport with affordable, on-demand scooters accessible via mobile app.[1][4][5] Founded in 2018, Grin raised $65.85M in funding, participated in Y Combinator, and achieved rapid expansion before merging with competitors in 2019 to form Grow Mobility, marking strong early growth in the micromobility sector.[1][2][4]
Grin Scooters launched in 2018 in Mexico City, backed by a $20M seed round and Y Combinator, with co-founder Sergio Romo leading efforts to tackle urban congestion through electric scooters.[2][4] The idea emerged amid the global micromobility boom, quickly gaining traction via partnerships like with Rappi for app-integrated unlocks and a Series A of ~$45M to fuel Latin American rollout.[4] Pivotal moments included a 2019 merger with Brazilian Ride (operating under Grin branding there) for São Paulo entry, followed weeks later by a merger with Yellow to create Grow Mobility, consolidating regional dominance.[1][2][4]
Grin rode the 2018-2019 micromobility wave, capitalizing on electric scooters as a timely fix for LATAM's high urban density, traffic woes, and growing smartphone adoption amid weak public transit.[2][4] Timing aligned with global hype (e.g., Bird/Lime funding), but Grin's LATAM-first strategy exploited less saturated markets versus U.S./Europe, blending high population density with regulatory openness.[1][4] It influenced the ecosystem by sparking regional consolidation—its mergers formed Grow Mobility, a top operator—and normalized shared e-mobility, paving for successors like later Grin Technologies' diverse micromobility parts.[2][6] Market forces like sustainability demands and venture capital influx favored its model, though competition from Yellow and global players tested scalability.[1][4]
Post-2019 merger into Grow Mobility, Grin Scooters as an independent entity ceased, but its legacy endures in LATAM micromobility infrastructure, with potential revivals via entities like Grin Technologies offering expanded e-bike/scooter parts.[1][6] Rising EV adoption, urban electrification trends, and post-pandemic demand for contactless transport will shape descendants, possibly driving global expansion as envisioned by founders.[4][6] Its influence may evolve through operational DNA in consolidated players, reinforcing Grin's role as a LATAM pioneer that proved scooters could scale amid chaos, tying back to its core mission of smarter urban movement.[2][4]
Grin Scooters has raised $27.0M across 2 funding rounds. Most recently, it raised $20.0M Seed in September 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2018 | $20.0M Seed | Adams Street Partners, DCM, DocuSign, Pelion Venture Partners, Practical Venture Capital, Rembrandt Venture Partners, Trinity Ventures, Venrock, Eric Ver Ploeg, Kevin Lin, Russell Fradin, Russ Fradin | |
| Jun 1, 2018 | $7.0M Seed | Altair Capital Management, BoxGroup, Floodgate, Human Augmentation Syndicate, Igah Ventures, Iporanga Ventures, Kalei Ventures, La Famiglia, Looking Glass Capital, monashees, Promus Ventures, Rainfall Ventures, Reach Capital, Remagine Ventures, Sinai Ventures, TechAviv Founder Partners, Vayner RSE, Vine Ventures LP, Y Combinator, Al Goldstein, Armando Mann |