Beam secures USD93m in Series B funding by private equity firm Affirma Capital

• Beam is Asia Pacific’s largest and fastest-growing micromobility operator.
• It operates a fleet of e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand
• The investment will accelerate Beam’s deployment of its 5th generation Beam Saturn e-scooter with cutting-edge MARS (“Micromobility Augmented Riding Safety”) technology.
• Beam plans to launch in 3 more countries this year as well as become tri-modal by adding e-mopeds to its fleet.

Redpeak Advisers acted as sole financial advisor to Beam on the fund raise.