The money will be used to expand operations in Australia and other countries and also for developing technology.
A statement from the company said following its entry into Australia in June, after it won a permit to operate 60% of the scooter fleet allocation in Brisbane City, it had won an exclusive contract to operate the shared e-scooter program in Darwin City.
Neuron was founded in 2016 by Zachary Wang and Harry Yu. “The world is on an irreversible trend to adopt micromobility services into cities of all kinds and sizes in the coming years," said Wong who is chief executive.
Neuron has data scientists, urban planners, and engineers on its staff, all of whom translated raw data for its operations and the city’s transport planning.
Square Peg partner Tushar Roy said, “The culture of collaboration with cities permeates through Neuron. Its entire DNA is built around working very closely with local leadership to bring new mobility solutions to citizens in a safe and sustainable way.”
Said chief operating officer Yu: “It’s exciting to see the product iteration cycle becoming shorter in the micromobility space. We are committed to continue our effort in developing new technologies that makes this service a seamless integration with cities around APAC."
Neuron has also developed has rider safety technologies to detect falls, a helmet incentive program, and geofencing technology that can assign low-speed zones, no riding zones, and no parking zones in any given city.