Los Angeles-based electric vehicle and autonomous vehicles company Wheels has secured $50 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 15.
According to its Crunchbase profile, "Wheels operates a shared electric mobility platform designed to revolutionize dockless mobility. The company's platform offers hybrid electric vehicles that are sleek in design with swappable parts, batteries and real-time dynamic maintenance upkeep with the built-in bluetooth speakers as well as charging point for phone, enabling users to get low-cost, fun and comfortable ebikes to get around cities through the connection of a smartphone."
The two-year-old startup has raised two previous funding rounds, including a $37 million Series A round earlier this year.
The round brings total funding raised by Los Angeles companies in travel and tourism over the past month to $70 million. The local travel and tourism industry has seen 20 funding rounds over the past year, raking in a total of $334 million in venture funding.
In other local funding news, gaming company Exploding Kittens announced a $30 million funding round on Oct. 10, financed by TCG Capital.
According to Crunchbase, "Exploding Kittens is a card game for people who are into kittens, explosions, laser beams and sometimes goats."
Founded in 2015, the company has raised two previous rounds, including a $8.7 million product crowdfunding round in 2015.
Meanwhile, e-learning company CreatorUp raised $1 million in seed funding, announced on Oct. 6.
From the company's Crunchbase profile, "CreatorUp is a global leader in digital media training and video content creation. Hired regularly by Google and other forward-thinking brands, CreatorUp meets a massively growing global demand for videos. CreatorUp makes it simple to order affordable, high-quality videos quickly at scale, and for new creative talent to be trained for these jobs."
CreatorUp last raised seed funding in 2013.
Also of note, industrial engineering company Virgin Hyperloop One raised funding, announced on Oct. 15 and financed by Astarc Ventures.
From Crunchbase, "Hyperloop One is an American transport system company that reinvents transportation to eliminate barriers of time and distance. It designs and builds Hyperloop, a tubular transit system that relies on magnetic levitation technology to transport passengers and cargo between two points immediately. With its technology, Hyperloop helps move cargo and passengers immediately, safely, efficiently and sustainably."
The company previously raised $172 million in funding earlier this year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
