Zeus hits the ground running in Britain with its first acquisition

E-scooter company founded and led by Damian Young acquires Zwings as it looks to grow across the water

Damian Young, chief executive of Zeus in Carlow: ‘We are delighted to be entering the UK market as it’s our nearest neighbour.’ Picture: Finbarr O’Rourke

Micromobility company Zeus Scooters has made its first acquisition, buying Zwings, a British e-scooter sharing firm, in a cash-plus-equity deal.

Established by former banker Damian Young four years ago, Carlow-headquartered Zeus launched in Germany in 2020 and has since expanded to 42 cities.

With a fleet of more than 5,000 three-wheeled e-scooters, it has operations across Germany, Norway, Sweden, Croatia, Italy and Malaysia.

Founded by Joe Lewin in 2019 and with an estimated 78,000 customers, ...