Scooter-Rental Startup Skip Gets $100 Million in Debt
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Skip Transport Inc., one of two companies that won licenses to rent scooters on the streets of San Francisco, received $100 million in debt and is seeking more funding from investors, said three people familiar with the matter.
While it explores an equity deal, Skip plans to use the debt on a project to design and build scooters that would be more resilient in harsh weather conditions, said one of the people, all of whom asked not to be identified because the information is private. Other scooter-rental startups have undertaken similar efforts. Skip declined to comment.