Kite Mobility Vehicle-as-an-Amenity Expansion

under construction

Tech startup Kite Mobility has raised fresh capital to accelerate the growth of its business that places electric vehicles in dedicated hubs in condos and mixed-use buildings, allowing residents to subscribe to the service and use the vehicles as an amenity. The company partners with building developers to integrate the service during design and construction, enabling buyers to forgo purchasing parking spaces and saving builders on construction costs through downsized garages. Founded in 2020, Kite has a presence in more than 20 buildings and a pipeline of over 100 projects in Canada and the United States. The new funds will be used to expand its fleet of vehicles and in-building vehicle hubs, currently employing BMW, Lexus, Nissan, Polestar, Tesla, and Volvo EVs.