Micro-Mobility Capital Raises and Investors in the U.S. – October 16th – November 15th, 2025
Some interesting transactions closed in the Micro-Mobility sector over the past month. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Buyout/LBO
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- Populus, a mobility management platform that helps cities and private mobility operators deliver and ensure safe, equitable, and efficient streets, was acquired by IPS Group, via its financial sponsor Windjammer Capital, through an LBO.
Later Stage VC
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- Kite Mobility, sustainable multi-vehicle amenities that offers choice and accessibility of electric mobility to residents and guests, raised a venture funding from Mitsui & Company.
- Upway, certified e-bikes that makes electric mobility accessible to everyone, raised $44.76 million of Series C venture funding in a deal led by A.P. Moller Holding.
- xMEMS, a microelectromechanical systems (MEMS) speaker platform that delivers active thermal management for smartphones, SSDs, and datacenter rack servers, raised $21 million of Series D venture funding in a deal led by Boardman Bay Capital Management.
Early Stage VC
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- iTruckr, an AI-powered communication and logistics platform for fleet management, raised $200,000 of venture funding from Innovation Works.
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Raheem Suleman
Managing Director
Over two decades of experience in capital markets across capital raising, FX, futures, and stocks. Expertise in both business and technical aspects of trading and relationship management. Valuable insights into Asian and Middle Eastern capital markets. Broad understanding of the financial markets, and the insurance and reinsurance sectors. Extensive experience in the hospitality industry, managing multiple properties with responsibilities ranging from capital raising to daily operations. Completed the executive education program in private equity at the Wharton School. B.S. in Economics and Finance from the University of Waterloo. FINRA Series 7 and 63 licensed.
- Email: rsuleman@castleplacement.com
- (C) (646) 852-8007
Raheem Suleman
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: rsuleman@castleplacement.com
(C) (646) 852-8007
Send us a message:
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
