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Eleven

Company

Electric scooter sharing

Owners:
MTS Jurent (URent)

Content

Owners

History

2024: MTS bought Eleven

MTS Jurent acquired the Belarusian developer of electric scooters and software for them Eleven. This was announced on December 11, 2024.

The transaction includes the purchase of intellectual property and developments of the company, the value of which the investment director of the SK Capital fund Sergey Sobolev estimates at ₽600 -800 million.

MTS bought the developer of electric scooters Eleven

According to RBC, a center for the development of electric scooters, software and charging infrastructure will be created on the basis of Eleven. In 2025, it is planned to present an updated scooter model and localize production in Russia.

Ksenia Erdman, director of the Association of Micromobility Operators, notes that the main problem of localization is the lack of local manufacturers of key components of scooters. Competitiveness requires localization of not only small parts, but also main components.

The head of the industry publication "Trushering" Iouri Nikolaev emphasizes that in the future of three to five years, the investment can save MTS Jurent billions of rubles on the purchase of new scooters and components.

Founded in 2019, Eleven has successfully tested two models of electric scooters and developed an electric bike and a cargobike for delivery. The company's service works in, Belarus, Georgia Russia and. Kazakhstan

MTS Jurent operates a fleet of more than 150 thousand electric scooters. The revenue of the main operating legal entity of the company - Shering Technologies LLC - in 2023 amounted to ₽5,1 billion, with a net loss of ₽7,6 million.

The head of the sales group "" Alpha Capital Alexander Abrahamyan believes that the creation of an R&D center opens up prospects for the development of its own models and the localization of key components, which will reduce cost and increase business margins amid growing demand for sharing services[1]

Notes