Zeway
Financials
Estimates*
EUR | 2019 | 2020 |
---|---|---|
Revenues | - | <1m |
Profit | (<1m) | (<1m) |
% profit margin | - | (843 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€15.0m | Series A | ||
* | €26.8m | Series B | |
Total Funding | AUD71.0m |
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Recent News about Zeway
EditZeway is a French startup operating in the electric mobility sector, specifically focusing on electric scooters. The company offers a unique solution to the common problem of electric scooter battery life and charging time. Rather than waiting for hours for a battery to recharge, Zeway users can simply swap their depleted battery for a fully charged one at any of Zeway's swapping stations. These stations are conveniently located in Paris, Nice, and Bordeaux, ensuring that users are never more than 2km away from a station.
Zeway operates on a subscription model, with prices starting from €145 per month. This all-inclusive subscription covers not only the use of the electric scooter but also unlimited battery swaps and energy, comprehensive insurance, maintenance, and even free parking in Paris. This model allows Zeway to generate a steady stream of recurring revenue while providing a hassle-free and cost-effective solution for users.
The company's target market is urban dwellers who are looking for a sustainable and convenient mode of transportation. Zeway's electric scooters are an attractive alternative to traditional scooters, public transport, or even car ownership. The company's innovative battery swapping technology, combined with its all-inclusive subscription model, positions it well in the growing electric mobility market.
Keywords: Electric Mobility, Scooter, Battery Swapping, Subscription Model, Sustainable Transportation, Urban Mobility, Paris, Nice, Bordeaux, Recurring Revenue.