Light Ray Ventures Supports Portfolio Company Beam in $93m Series B Round

February 25, 2022

Light Ray Ventures is excited to announce that it has followed on inBeam's $93m Series B round. This round was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital

«Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. We are thrilled to continue our support of Beam as they continue to grow and scale their business. We believe that they have a strong team and a solid product, and we are excited to see what they will achieve in the future», said Light Ray Ventures CEO and Managing Partner Alex Tsyplakov

About Beam

Beam is Asia’s largest and fastest growing micromobility startup, focused on improving first / last mile mobility in cities. After launching in 2018, Beam eScooters and eBikes are available for rent across 11 cities in 4 countries in Asia, including Malaysia, South Korea, Australia, and New Zealand