Irish company ZEUS Scooters has been awarded grant funding of €238,000 from the German Government.
ZEUS Scooters started e-scooter services in Germany in early 2020, and is now operating in over 20 locations there.
It now has a presence in five European markets and is set to launch in it's first Asian city this month.
The funding award is delivered through the Federal Ministry of Transport and Digital Infrastructure's (BMVI) mFund funding programme.
It is granted to ZEUS Scooters for innovation and continued development of micro-mobility concepts, specifically in the areas of integration, control and management.
The funding will be delivered from now until 2024 through a project that is being jointly delivered by ZEUS Scooters and four other industry partners.
The company said the project will create at least ten jobs across technology, product and operations and will accelerate ZEUS Scooters’ technology and infrastructure product development and innovation.
Damian Young CEO and Founder of ZEUS Scooters said they are delighted to receive the award from the BMVI.
"This project will bring together the brightest minds from our team, Siemens AG, amongst others to truly change the way mobility is delivered for cities," he said.
ZEUS said its fleet extends to nearly 4,000 scooters internationally.
The company is backed by a number of investors including entrepreneur Colm Menton, who was behind the Irish arm of Europcar, which he sold for more than €25m in 2017.