Chris Yu will tell you his micromobility company, Also, is much more than an e-bike maker. Its market is every vehicle smaller than a car.
On Wednesday, the Palo Alto based startup raised a $150 million Series D funding round, Fortune learned exclusively, led by Prysm Capital. Eclipse Capital and Greenoaks also participated. The round pushed the two-year-old startup’s valuation past $1 billion, a big number for a company whose most visible product, so far, is a $3,500 e-bike.
