You've ridden a Grab or an Uber. But have you tried Beam? This Singapore-based bike-sharing startup operates fleets of e-scooters and e-bikes across Asia-Pacific. Now, it has just raised a $93M Series B to zoom far ahead.

• Its revenue has grown 15x since the start of 2020, and growth is only revving up as COVID goes down.
• One Beam trip is taken every 2 seconds (aka, an estimated 1.3M rides a month!).
• It operates in 35 cities in 6 countries, including Malaysia and Thailand.

Who cashed in? The round was led by Affirma Capital. Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital.

🏍  How to Beam

All you need to do is download Beam's app, find a Beam near you and go! Enjoy the fresh air and the wind in your hair on the way to work, when you're out with friends or if you're tired on the walk home. When you're done, just park it!

• Rules of the road? The app gives you safety tips and the rules of where to ride and not to ride.

🤓  About the biz

Beam partners with local governments to bring its high-quality and safe e-scooters and e-bikes to their areas. Beaming is convenient, environmentally friendly and affordable. Just pay by the minute!

• It has Beam Saturn, its custom-built and third-generation scooter and Beam Apollo, an e-bike that even has an assist function to help you go faster.

💥  New wheels

Safety first. The new cash is to build its newest e-scooter decked out with updated safety features. These will help protect pedestrians and limit where e-vehicles can park or ride (based on city rules).

• It's adding an AI camera to detect pedestrians and footpaths instantly, so it can slow your speed or prevent riding.
• It's also adding larger wheels and increasing battery capacity (2x the typical e-scooter) for smoother and more sustainable rides.

Trio. Soon you'll have a third option for a more powerful ride. They're looking to release e-mopeds this year, which they expect to be 1/3 of its fleet over the next two years.

🌏  See ya soon

Beam's also looking to expand to the Philippines, Indonesia, Vietnam, Japan and Turkey.