SeedPlus bets on Neuron Mobility to zoom ahead of e-scooter crowd

Singapore

IF the spectacular rise and fall of the bike-sharing market has raised uncertainty for e-scooter startups, early-stage venture firm SeedPlus isn't daunted.

SeedPlus, which focuses on seed-stage opportunities, led a S$5 million seed funding round into e-scooter startup, Neuron Mobility, in December. 500 Startups, Enterprise Singapore investment arm SEEDS Capital, ACE Capital and other angel investors and family offices tagged along.

Neuron is producing its own scooters and hopes to expand further into the Asia-Pacific region with the fresh capital. The startup owns more than 1,000 scooters and operates in Singapore, Thailand and Malaysia.

Neuron, which was founded in 2016, is also among the handful of startups seeking a sandbox licence from Singapore's transport regulator, which could grant full licences to …