Beam: USD93m Series B equity raise

Private capital raise

Beam: USD93m Series B equity raise

Private capital raise


Beam Mobility Holdings Pte. Ltd. 

Investor group

Lead investor(s):

  • Affirma Capital

Follow-on investor(s):

  • Alumni Ventures
  • EDB Investments
  • Hana Bank
  • ICT Capital
  • Partech
  • RTP Global Investments
  • Sea Frontier Fund
  • Sequoia Capital
  • SMRT Ventures
  • Translink Capital

Transaction summary

Deal value


Transaction highlights

  • Largest capital raise in the micromobility sector in ASEAN
  • Investment structured as a mix of equity and convertible notes to maximise valuation and quantum
  • 2-stage closing enabling Company early access to funds while awaiting regulatory approvals
  • Fund raise executed in an extremely challenging market environment with Covid-19 related restrictions materially impacting operating and financial metrics



Client description

  • Beam is the leading shared, micromobility solutions provider in Asia-Pacific with >30k deployed vehicles
  • Beam offers consumers multiple vehicle types (e-scooters, e-bikes and e-mopeds), depending on local preferences and regulations

  • Beam currently operates in 35 cities across 5 Asia-Pacific countries (Malaysia, Thailand, South Korea, Australia and New Zealand)

Redpeak role

Sole financial advisor to Beam on the fund raise

Structured the investment and key investment terms to meet client objectives while maximising total Series B capital raised

Successfully positioned Beam as an attractive investment opportunity, leveraging favourable industry themes such as sustainability, carbon neutrality, technological advancements and product-market fit

Hands-on approach coupled with deep experience in tech capital raises facilitated a swift and seamless process