Grin Scooters is a company providing electric scooter rental. The company was established in 2018 by Bryan Zambrano, Jonathan Lewy, Karime German, and Sergio Romo. Based in Mexico, Grin Scooters also has operations in Colombia and Brazil from its merger with the Brazilian electric scooter company, RIDE Mobility. In January 2019, Grin Scooters merged with Yellow, a Brazilian bike-sharing startup, and rebranded into Grow Mobillity. The company is headquartered in Mexico City, Mexico.
Grin Scooters offers users in the three cities they operate in, a method to rent electric scooters as a way to navigate the city. To rent a scooter, users need to access the mobile application available both in Android and iOS. Grin only allows electric scooter users aged 18 and above. Each scooter is equipped with a QR code which would unlock the scooter when scanned through the application. When operating the scooters, users must wear helmets and only ride on the streets – not the sidewalks.
Since its founding year, Grin Scooters has raised $72.7 million in capital through three funding rounds. The company’s final funding round was a Series A held in October 2018, amassing $45.7 million. Investors who have financed the company include Trinity Ventures, Clark Valberg, Y Combinator, and Shasta Ventures.
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