SeedPlus bets on Neuron Mobility to zoom ahead of e-scooter crowd

IF the spectacular rise and fall of the bike-sharing market has raised uncertainty for e-scooter startups, early-stage venture firm SeedPlus isn't daunted.

SeedPlus, which focuses on seed-stage opportunities, led a S$5 million seed funding round into e-scooter startup Neuron Mobility in December. 500 Startups, Enterprise Singapore investment arm SEEDS Capital, ACE Capital and other angel investors and family offices tagged along.

Neuron is producing its own scooters and eyeing further Asia-Pacific expansion with the fresh capital. The startup currently owns more than 1,000 scooters and operates in Singapore, Thailand and Malaysia.