Magic Lane, a location intelligence platform, raised €3 million to enhance its navigation solutions for micro-mobility and EV sectors, aiming to expand its presence in the rapidly growing market.

Information on the Target

Magic Lane is a location intelligence platform headquartered in the Netherlands and Romania, focused on transforming navigation capabilities across various modes of transportation, particularly in the growing fields of electric vehicles (EV) and micro-mobility solutions. Founded by pioneers of the mapping and navigation industry, including the creators of Route66—the world’s first route planner—Magic Lane has developed comprehensive Software Development Kits (SDKs) to enable seamless integration of mapping and navigation functionalities into apps, vehicles, and other platforms.

Since its inception in November 2022, Magic Lane has rapidly gained traction within the market, establishing partnerships and securing clients across Europe and Asia. The platform’s emphasis on safety, accessibility, and offline functionality positions it as a key player in the evolving landscape of IoT and connected mobility solutions.

Industry Overview in the Target’s Specific Country

The micro-mobility industry is experiencing significant growth in Europe, fueled by increasing urbanization and a demand for sustainable transportation alternatives. Governments and municipalities ar