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Illustration: Caresse Haaser / Axios

Grin, a Latin America-focused scooter startup, is participating in Silicon Valley's Y Combinator accelerator program.

Bottom line: E-scooters aren't just a U.S. transportation phenomenon.

More:

  • The startup recently debuted in Mexico City, co-founder Sergio Romo tells Axios.
  • Grin has raised funding from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, and Base10 Partners, among others. Romo declined to disclose the amount.
  • Y Combinator wasn't purposefully looking to invest in more scooter startups, partner Eric Migicovsky tells Axios, though it is a trend the organization has kept an eye on.

1 fun thing: Romo says that he and his co-founder started the company after missing out on investing in the U.S. scooter startups, whose fundraising and valuations have been skyrocketing ("we write small checks," he says).

Go deeper

Updated 30 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

46 mins ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.