WHILL secures funding

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Thursday, September 20, 2018

SAN CARLOS, Calif. – WHILL, which launched the Model Ci in the U.S. in January, has secured $45 million in funding led by investors SBI Investment Co., Daiwa PI Partners Co. and Daiwa Corporate Investment Co., and WHIZ Partners, as well as Endeavor Catalyst and others. This funding brings WHILL’s total funding to about $80 million. WHILL, expanded sales into the U.K. and Italy in July, following its expansion into Canada earlier this year, will use the funding to further broaden its geographic footprint across other European countries. It will also use the funding to significantly expand its consumer products offerings, and develop and expand its mobility as a service business. The company’s MaaS business focuses on “efficiently and safely moving people through large and crowded venues like airports, sports venues, shopping centers and public sidewalks,” it says.