Koko kicksharing

Koko kicksharing

A simple and sustainable solution to help people get around their cities in an affordable and convenient way.

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DateInvestorsAmountRound
-investor

€0.0

round
N/A

€0.0

round

N/A

Acquisition
Total Funding000k

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Revenues, earnings & profits over time
EUR201820202021
Revenues000000000000
EBITDA000000000000
% EBITDA margin(1008 %)--
Profit000000000000
% profit margin(1010 %)--
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

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More about Koko kicksharing
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Koko Kicksharing emerged in the Spanish micromobility market as an app-based electric scooter sharing service. The company was founded in Madrid, Spain, in 2018 by co-founders Oriana Circelli (Co-CEO), Teo Ortega (Co-CEO), and Javier Coronel Orovio (CTO). The founding team came together in April 2018 through the Demium Startups incubator, identifying an opportunity to introduce the e-scooter sharing model, already present in the US, to European markets.

The venture launched its service in Zaragoza in September 2018, just four months after the company's formation in May. Zaragoza was selected for its ideal size, existing bike infrastructure, and its reflection of broader Spanish market characteristics. Koko operated on a dockless, free-float model, allowing users to locate, unlock, and pay for rides via a mobile application available for iOS and Android. The app used GPS to find nearby scooters, which could be unlocked by scanning a QR code, and allowed users to end their trips in any legal parking space.

Koko was one of the first Spanish e-scooter startups and quickly became a market leader, securing the largest number of operating licenses in Spain as the market rapidly grew to over 25 competitors. The business model was centered on short-term rentals for last-mile transit, targeting urban commuters. The company's strategy prioritized building strong relationships with municipal governments to ensure coordinated and legal deployment of its fleet. Despite its initial success, the capital-intensive nature of the business and intense competition led to its acquisition. In May 2019, just 11 months after its launch, Koko Kicksharing was acquired by its German competitor Circ (formerly Flash), which was later acquired by Bird.

Keywords: micromobility, e-scooter sharing, urban mobility, last-mile transit, app-based rental, Spanish startup, dockless scooters, asset sharing, startup acquisition, venture capital

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