GO Green has raised €50 million in growth capital to fuel the pan-European expansion of its electric Mobility as a Service platform
Headquartered in Waardenburg, the Netherlands, GO Green is a high-growth multimodal electric mobility-as-a-service platform, managing and servicing a fleet of over 30,000 e-mopeds and e-bikes across Europe. GO Green targets two distinct segments of the e-mobility market. First, it offers a full-service operational lease proposition to customers such as Just Eat Takeaway, Domino’s and Deliveroo for last-mile delivery of meals, mail and parcels. Secondly, it is the parent company of GO Sharing, a scale-up founded in 2019 which offers electric shared mobility to consumers in various cities in the Netherlands, Belgium and Austria. GO Green operates a unique in-house service model using data-driven preventive maintenance through local service hubs and mobile service vans, servicing both lease and sharing vehicles.
The capital injection will be used by GO Green to expand its e-vehicles fleet and service network, further invest in smart technology and accelerate the international expansion. The investment round was led by Opportunity Partners, a Dutch investment company founded by Mr. Robert van der Wallen with an eye for long-term and sustainable value creation. The founders of GO Green also further invest in the company. Incumbent shareholder Rabo Corporate Investments supports the arrival of the new shareholder.
Martijn Koops, Managing Director at Lincoln, commented, “Fueled by long-term secular trends like sustainability, electrification and the platform and sharing economy, we see a rapid disruption of traditional mobility by technology-driven businesses such as GO Green.”
Lincoln acted as the exclusive financial advisor to GO Green in the capital raise. Terms of the agreement were not disclosed.
Lincoln's strong access to growth investors in the technology and mobility space has been critical to secure this excellent outcome for GO Green. We have been impressed by the team's ability to get our story across and the thoughtful advice on structuring the transaction.
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