We these days reviewed the Zoomo Sport eBike on techAU and now the Australian born Zoomo has some vast news to share. Zoomo has secured a AU$16 million funding round from new and existing investors, led by Aussie VC fund, AirTree (@airtreevc). AirTree are building a name for themselves as funding innovative companies care for Canva, Drone Deploy and now Zoomo with its commercial train electric bike platform.
The newest round of funding follows a Series A raise of AU$16 million announced back in August 2020, taking the total to a staggering AU$34M raised in the past 24 months.
Zoomo will train the funds to invest in the improvement and production of the brand’s next generation car offerings as properly as supporting global expansion to satisfy customer demand. Zoomo has had success supplying its autos to large speedy operators in the last mile transport space and is seeing its speedy rapidly expand past 10,000 models globally.
AirTree Ventures led the capital raise as a new investor, with stable be aware-on reinforce from existing investors, the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures, with new mobility and cleantech centered US investors Winthrop Square and Wisdom VC joining the round.
“Supported by regulatory and cultural tailwinds, Zoomo is accelerating the electrification of global transport, starting with last mile transport. Their elephantine stack offering from e-bikes and e-mopeds to finance, servicing and speedy management makes it easy for global food, grocery and logistics businesses to capture carbon neutral”.
Jackie Vullinghs, Principal at AirTree Ventures
Zoomo offer a range of high-quality LEV (gentle electric autos) which includes e-Bike, e-Moped and e-Cargo alternate choices. The company is the brain child of Ex-Deliveroo and Mobike executive Mina Nada and his former Bain colleague Michael Johnson took their aspect hustle elephantine time in 2019 with a mission to reveal the world’s transport fleets electric using E-Bikes. Zoomo at point to operates in:
- Australia: Sydney, Melbourne, Brisbane
- US: San Francisco, Los Angeles, New York and Philadelphia
- UK: London and Liverpool
Companies are seeking to affect their fleets
Companies are increasingly setting vast, public targets to skedaddle green, electrifying transport fleets as part of this commitment to decrease carbon emissions. Research has confirmed that businesses have the potential to decrease CO2 emissions by 75 p.c by switching deliveries from vans to e-bikes.
Additional championing the uptake of e-bikes is the wave of new companies emerging in the on-demand grocery transport sector (10-15 minute explain-to-door transport) including rapid say brands, and Zoomo possibilities, Getir, Gorillas and Dija.
This providers segment alone is seeing a $14bn rise globally since the beginning of the pandemic and is enabled totally by efficient transport modes care for e-bikes.
Zoomo’s irregular offering is enabling electrification
Zoomo is meeting this demand head-on with its irregular “elephantine stack” model which allows businesses to deploy and manage large fleets of carbon-friendly e-bikes at scale, supported by features care for same-day servicing and anti-theft know-how.
“We initially constructed our merchandise to carrier the demands of gig staff in the food transport industry. Their expectations for quality commercial autos, on demand carrier, versatile financing and tech enabled security features spurred us to innovate. We’re now seeing enterprises and speedy managers benefiting from the platform we have constructed. Undertaking speedy managers looking for clean and efficient autos are choosing us.”
Mina Nada, Zoomo CEO and co-founder
Zoomo is proud to announce a number of new customer wins in the undertaking space. In addition to Getir, Gorillas and Dija in the 10-minute grocery space, Zoomo has signed up Moral Eat Takeaway, proprietor of Menulog in Australia, Pizza Hut and a growing number of forward-thinking Domino’s franchises’ locally in the new-food transport space.
Zoomo also has a lengthy-standing global partnership with UberEats, helping its riders’ access safe, affordable and efficient e-bikes.
“At Moral Eat Takeaway.com, we want to salvage a sustainable future for food transport, and are committed to doing our bit to aid maintain carbon emissions to a minimum, as properly as providing an efficient customer experience from explain to transport.
E-Automobiles are an integral part of the Scooter model and we are pleased to work in cooperation with Zoomo.”
Moral Eat Takeaway spokesperson
Zoomo has also added new US-based leaders to its advisory board, including Angela Strand, Board Member at Lordstown Motor, Aaron Bromberg, Former CPO at Boosted Boards, Tom Valasek, Former CCO at Genze eBikes, and Mark Chiusano, CEO of Cornucopia Logistics, LLC & Avant Business Services and products, Investor and Logistics innovator in the US.