• Populus, a data provider for shared mobility and parking management, raised USD 11 million in a Series A funding round co-led by Zero Infinity Partners and Climactic with participation from Comcast Ventures and FootPrint Coalition Ventures. The round follows its USD 5 million seed funding in March 2021, bringing its total funding to USD 19.9 million. 

• The company intends to use the funds for the development of its existing suite as well as its proprietary curb management software. It also plans to increase its headcount by 2x from 25 over the next year. 

• The company also reported that it has also launched pilot projects in several European cities and the future it plans to focus on congestion pricing. 

 <ul><li> Analyst QuickTake: The additional funding raised reiterates the investor's confidence in Populus’s growth prospects where in March 2021 it targeted to triple the number of cities in its coverage. The pilot programs in Europe coupled with its growth in the US including the launch of a shared scooter program by the City of Chicago indicate that the firm is making progress in achieving this target. In addition, the inclusion of solutions for congestion pricing which is gaining popularity and has been implemented in cities such as New York provides additional scope for growth.</ul>