Irish mobility company, Zeus Scooters, has recently acquired Zipp Mobility, an Irish shared e-scooter and e-bike service provider. The acquisition will allow Zeus to continue its expansion in the Irish and UK markets, following the acquisition of UK-based scooter-sharing operator Zwings last year.
This acquisition brings together two of the most customer-focused and innovative e-scooter companies in Europe, creating Ireland’s largest homegrown micromobility company. Zeus, headquartered in Carlow, was founded by Damian Young in 2019 and began an e-scooter-sharing service in Germany in 2020. Since then, it has rapidly expanded across Europe and Asia. Zipp, headquartered in NovaUCD in Dublin, was founded by Charlie Gleeson in 2019 and has launched e-scooter and e-bike services in nine locations across Ireland, the UK, and Poland.
With the latest acquisition, Zeus is now operating in over 50 locations across nine countries (Croatia, Germany, Ireland, Italy, Malaysia, Norway, Poland, Sweden, and the UK). The combined Irish business of Zeus will now have 50 employees, and all Zipp staff will be kept on.
Zeus CEO and Founder, Damian Young, stated, “With today’s announcement, we are proud to be expanding Zeus’ commitment to offering an affordable, customer-focused mobility solution that places sustainability and rider safety first. We have been very impressed with what Zipp has achieved over the past number of years and are very excited to bring the Zipp team and expertise under the Zeus umbrella. This acquisition is a testament to the hard work and dedication of both teams, and we look forward to bringing our industry-leading safety features to even more customers.” He also added, “We are also creating regional employment across Ireland in anticipation of new legislation for the Irish micromobility sector while also further expanding Zeus new markets in the UK.”
Charlie Gleeson, CEO and Founder of Zipp Mobility expressed his excitement about the acquisition and stated, “We are delighted to be able to share the news that Zipp has been acquired by Zeus. In essence, we are two companies that share the same core mission and values, to make our cities more accessible to all, through affordable and sustainable modes of transport. I am very proud of what both companies have achieved individually, but I am more excited for what we can achieve together as the leading micromobility company in Ireland.”
Zeus Scooters and Zipp Mobility have been supported by Enterprise Ireland. The acquisition was advised by Flynn O’Driscoll for Zipp Mobility’s legal needs, and Hibernia Corporate Finance for its financial needs. Meanwhile, Beauchamps led by Edward Evans advised Zeus Scooters of their legal needs.
Ronan Garvey, Chief Product Officer at Zeus, said, “Zeus and Zipp are deeply committed to providing high-quality, reliable, and affordable transportation options globally. The acquisition of Zipp puts us in an even stronger position to meet the evolving needs of customers across its markets.”
This acquisition is another example of the growing trend towards shared micromobility solutions, which provide convenient and sustainable transportation options for urban residents. With Zeus Scooters and Zipp Mobility coming together, Irish and UK residents can expect even more accessible and affordable modes of transportation in the coming years.