The app-based electric bicycle rental service will use the proceeds from the round, which was led by Denso New Mobility Group, to expand in the US.

US-headquartered electric bike rental service provider Bond Mobility has secured $20m in a series A round co-led by Denso New Mobility Group, an investment vehicle formed by automotive component producer Denso. The entity, which also counts carmaker Toyota and telecommunications and internet group SoftBank among its partners, co-led the round with Innovest Global. Founded in…

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