CityBee, with the slogan "Car-sharing journeys where mobility meets community, innovation, and seamless flexibility all over the Baltics. π", stands as a prominent player in the car-sharing sector within the CEE region. Established in 2012 by Modus Group, a Dutch capital-based conglomerate, the company specializes in enhancing urban mobility across Lithuania, Latvia, and Estonia.
Focused on reducing the need for car ownership, CityBee contributes significantly to decreasing traffic congestion and CO2 emissions. Its innovative model makes it possible for a single shared vehicle to replace up to 15 private cars, demonstrating substantial environmental and social impact.
Operating within the Mobility, Platforms, Transportation, and Automotive industries, the company's last reported funding was a β¬110.00M Venture Round on 14 December 2018, predominantly backed by Modus Group, LLC.