Trucks VC x Taur
In the meantime, let's drill into some of the details.
So, who are Trucks and what just happened?
Trucks VC are a major venture capital (VC) firm based in San Francisco. They specialise in investing in the future of transportation, in incredible companies such as Joby Aviation, a NASA-affiliated flying taxi startup! Their latest venture? A seed investment of $1.75m in… you guessed it.
Trucks have put our prototypes through their paces. They’ve scrutinized our plans and done their due dil. And they believe, just as you do, that TAUR is a world class, category-defining product.
For those interested in ‘micromobility’, this investment signals how the e-scooter industry has changed.
It started with rental...
Richard (our CEO) was in Santa Monica in 2017 and saw how popular shared e-scooters had become – and not just with consumers, but investors too. Rental was the talk of Silicon Valley.
And yet he and Carson (our Lead Designer) believed that ownership – not rental – would be the future of this industry. After all, 95% of bicycles are owned, and there’s no fundamental reason e-scooters will be any different.
It’s now clear that the investment community is starting to see what we always believed.
For more information on the future of Taur, check out our product vision.