Dott announced that it has successfully issued €70 million of senior secured floating rate bonds in the Nordic market, within a total framework of €150 million. It also is raising a minimum of €15 million in preferred equity as an extension of its existing Series D fundraising round.
Dott plans to use the funds to enter new markets and develop its products further. The company aims to make environmentally friendly travel available to more people.
E-bikes broaden the appeal of shared micro-mobility services. The investment arrives amid growing competition in Europe's mobility sector. Many cities are actively shifting toward low-emission transportation solutions.
Dott operates with an in-house model for its logistics and maintenance. This approach differs from competitors who often rely on third-party services.
Editor's correction: The funding details were updated to reflect how the €150M figure refers to the total Nordic bond framework, not to the Series D round. The Series D extension is €15M, alongside a separate €70M bond issuance, making the total new funding €85M.
