When was Drop Mobility founded?

Drop Mobility was founded in 2017 and raised its 1st funding round 7 years after it was founded.

Where is Drop Mobility located?

Drop Mobility is headquartered in Toronto, Canada.

How many employees does Drop Mobility have?

As of Aug 31, 2026, the latest employee count at Drop Mobility is 33.

Is Drop Mobility a funded company?

Drop Mobility is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jan 24, 2024.

When was the latest funding round of Drop Mobility?

Drop Mobility's latest funding was a $***** Seed round on Jan 24, 2024, with participation from 1 investor. Its primary sector is Electric Vehicles. In Canada, the Electric Vehicles sector has seen $15.3M in funding in 2026 to date.

Where does Drop Mobility rank among its competitors?

Drop Mobility ranks 3rd amongst 11 active competitors, of which 3 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Drop Mobility, which secured an undisclosed amount in Jan, 2024.

Who are the top competitors of Drop Mobility?

Drop Mobility's top competitors include Lime, TIER and VAIMOO. Among them, Drop Mobility secured the most recent funding round in January, 2024.

Drop Mobility - 2026 Company Profile, Team, Funding & Competitors

Drop Mobility is a seed company based in Toronto (Canada), founded in 2017 by Dipesh Dar and Afraj Gill. It operates as an Urban micro-mobility service provider. Drop Mobility has raised an undisclosed amount in funding from Decathlon Capital Partners. The company has 11 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Lime, TIER and VAIMOO.

Company Details

Drop Mobility is focused on providing urban micro-mobility services. The company offers stationless electric bikes, kick scooters, and bicycle rental services. Users can find & book nearby available bicycles/scooters, access the reserved vehicle by scanning the QR code, and make payments for their trip via the mobile app. The app is available for both Android & iOS devices.

Website: dropmobility.com
Social
Email ID: *****@dropmobility.com

Key Metrics

Founded Year

2017

Location

Toronto, Canada

Stage

Seed

Latest Funding Round

Seed, Jan 24, 2024, $*****

Investors

Decathlon Capital Partners & 4 more

Ranked

3^rd among 11 active competitors

Employee Count

33 as on Aug 31, 2026

Similar Companies

Lime & 69 more

View Drop Mobility's full profile

Drop Mobility has raised funding over 1 round. Its latest funding round was a Seed round on Jan 24, 2024 for $*****. 1 investor participated in its latest round. Drop Mobility has 5 institutional investors.

Here is the list of recent funding rounds of Drop Mobility:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 24, 2024	7043600	Seed	3053490	1817936	7608498	7211024

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View details of Drop Mobility's funding rounds and investors

The founders of Drop Mobility are Dipesh Dar and Afraj Gill.

Here are the details of Drop Mobility's key team members:

Dipesh Dar: Co-Founder & COO of Drop Mobility.
Afraj Gill: Co-Founder of Drop Mobility.
Qiming Weng: CEO of Drop Mobility.

View details of Drop Mobility's Founder profiles and Board Members

Drop Mobility's employee count trend

Drop Mobility has 33 employees as of Aug 26. Here is Drop Mobility's employee count trend over the years:

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Top competitors of Drop Mobility include Lime, TIER and VAIMOO. Here is the list of Top 10 competitors of Drop Mobility, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lime 2017, San Francisco (United States), Public	App-based rental platform providing self-drive electric kick-scooter	$1.4B	Andreessen Horowitz, Coatue & 99 others	84/100
2nd	TIER 2018, Berlin (Germany), Series D	Operator of shared electric scooters and bicycles for urban transit	$660M	Northzone, Mubadala & 28 others	67/100
3rd	Drop Mobility 2017, Toronto (Canada), Seed	Urban micro-mobility service provider	-	Grand Ventures, Firebrand Ventures & 3 others	47/100
4th	VAIMOO 2019, Mola di Bari (Italy), Funding Raised	Saas-enabled platform offering end-to-end solution for micromobility	-	Angelo Investments	41/100
5th	Project Mover 2024, North York (Canada), Unfunded	App-based electric bicycle rental platform	-	-	34/100
6th	Shift Bike 2022, Canada, Unfunded	App-based bicycle rental platform	-	-	34/100
7th	Rialto ebikes 2022, Canada, Unfunded	Provider of an e-bike share system	-	-	32/100
8th	Carre Mobility 2020, Berlin (Germany), Seed	Provider of mobility solutions for residential companies and neighborhood integration	-	Techstars	24/100
9th	Station E-Bike Rental 2020, Richmond (Canada), Unfunded	Online platform offering electric bicycle rental services	-	-	24/100
10th	Blazing Saddles Adventures 2019, Squamish (Canada), Unfunded	Online rental platform for electric mountain bicycles and tours	-	-	24/100