It has been a hot summer at ACTON and we are super excited to share some of the latest happenings with you as we keep turning up the heat! First, our team is buckling their seat belts as we prepare to hyperscale into the next phase of our growth as a leading Technology Infrastructure Company. With one of the smartest eFleets around, ACTON has developed a platform-as-a-service model and built a global footprint with millions of e-rides logged across our hundreds of partners. As such, we are happy to announce that we initiated the first tranche of our Series B funding and have secured a lead investor who shares in our passion to ride micromobility into the future. โ€œMicromobility has seen an exponential growth opportunity post-pandemic. A safer and more sustainable mobility option, combined with optimized administration supported by AI, becomes a natural choice for worldwide cities to answer the commute and congestion issues," said Jun Li, Founder of Wisemont Capital. "ACTON's years of industry knowledge in mobility and persistence in pursuing supreme-quality standards make them a reliable long-term partner for their customers. Its team's dedication impresses me. I am delighted to welcome ACTON to our portfolio of high-potential companies''.

The initial investment from Wisemont Capital will fuel our immediate growth initiatives and help us expand our team's footprint in Europe and the U.S., while making strategic technology acquisitions to further expand our turn-key solutions with enhanced software and hardware technologies for longer-range and operational uptime of our intelligent eFleets. Stay tuned for more updates on this very exciting news as we prepare a formal public announcement in the coming weeks.

As we continue to expand our resources, our team was in Paris, France last week for partner meetings and a little riding around the city. We were so excited to see, in person, how micromobility has exploded as we slowly and cautiously return back to normal. It was thrilling to see dedicated riding lanes along the Seine River and bike paths that make it a joy to ride in the City of Lights! But, we also realized that the industry has a long way to go to make it seamless for everyday riders to have the best experience possible! Missing QR codes, short riding ranges, damaged battery packs, two riders on a single scooter and overcrowded parking spots leave LOTS of room for improvement. At ACTON, we are working to make these non-issues to keep riders happy and moving to where they need to go! This was a good way for us to see, first hand, how we can continue to over deliver for our customers and keep them on a solid path to profitability with a wonderful user experience.

If that was not exciting enough news, weโ€™ve launched several new deployments with thousands of new ACTON MPRO and Nexus eVehicles hitting the streets in: New York, Poland, Puerto Rico and Italy. As our CEO, Janelle Wang, said, โ€œWe could not be more thrilled to witness the massive demand we are seeing from partners to bring micromobilty into new cities across the world. We are 100% committed to helping our partners provide a seamless experience for their users, no matter where they are located. That is the ACTON way.โ€

To see how ACTON can help you level up your micromobility game, get in touch with our sales team here.

More job opportunities, click here.

Until the next update, Ride On!

Team ACTON

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