Reby

Reby, founded in 2018 by four entrepreneurs Pep Gomez, Kieran Thomas, Cristina Castillo and Guilles Pages, began its activities with the development and rental of electric scooters and electric scooters in the Spanish city of Zaragoza during the COVID-19 pandemic, as well as with the creation of a SaaS mobility-oriented platform "MaaS" After that, the company won 18 agreements with state administrations to ensure environmental mobility in Italy and Spain (by May 2022).

History

2022: Reby sold for $100 million, Day One Ventures fund withdrew from service capital

On May 11, 2022, it became known that the Reby startup was acquired by the Canadian private investment company House of Lithium for $100 million. This deal was marked for a fund with Russian roots Day One Ventures withdrawal from Reby's capital. The fund previously participated in a $17.9 million round of funding.

In a statement, Kevin Taylor, Chairman of the Board of Directors of House of Lithium, said: Combining Reby's advanced IoT technology and proven business model of joint travel with House of Lithium's manufacturing, distribution, e-commerce and retail assets will help create an end-to-end mobility platform to maximize opportunities and outcomes.

Day One Ventures, founded by Russians, withdrew from the capital of the electric scooter rental service

Gomez added: The financial capabilities and experience in the capital markets of the House of Lithium team make this partnership excellent, with the additional capacity that Reby needs to continue growing... The time of EV companies burning money on artificial growth has passed, which gives us a huge opportunity to win in a market that has not yet been mastered, focused on regulating infrastructure and developing R&D in the field of security and employment of public space, which is extremely important for cities.

Gomez will continue to lead the company along with the rest of the management team.^[1]

Notes