Wheels Labs

Wheels Labs

A company offering a shared electric scooter mobility platform.

Wheels Labs is a company offering a shared electric scooter mobility platform that is headquartered in Los Angeles, California and was founded in 2018 by Chris Stavlas, Jonathan Viner, and Joshua Viner.

Funding
Series A

On January 23, 2019 Wheels Labs announced raising $37 million in series A funding from 3L Capital, Bullpen Capital, Crosscut Ventures, Tenaya Capital, and Naval Ravikant. The company plans on using their funding to focus on expanding their operations in the United States.

Venture

On September 19, 2019 Wheels Labs announced raising $2.7 million in venture funding from Alumni Ventures Group.

Series A II

On October 15, 2019 Wheels Labs announced expanding their series A funding with $50 million from DBL Partners (lead investor) and marcy Venture Partners. The company plans on using their funding to expand their operations in the United States and international markets. The COO of Wheels Labs, Marco McCottry, made the following statements regarding the company's future plans:

We’re excited to open up to dozens of cities over the next few months including international expansion. As we think about how we fit with the other companies in the space, we’re growing the pie and expanding the market.
Venture II

On October 16, 2019 Wheels Labs announced raising their second venture capital round with an undisclosed amount of funding from TDK Ventures and Jeff Rosenthal.

Timeline

October 2019
Wheels Labs raises a $50,000,000 series A round from DBL Partners.
January 2019
Wheels Labs raises a $37,000,000 series A round from 3L Capital, Bullpen Capital, CrossCut Ventures, Naval Ravikant and Tenaya Capital.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Wheels funding round, January 2019
37,000,000
January 2019
2 Results
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