The funding round was led by Barclays Sustainable Impact Capital and MEIF Proof of Concept and Early Stage Fund to support national expansion and job creation.
"Zedify’s model delivers tangible benefits- significant carbon reduction in the last mile; a fairer system for workers which counteracts the gig economy; cleaner, safer deliveries that contribute to healthier, more liveable cities; and more choice for consumers about how and when they receive their parcels. It’s exciting to have the backing of new and existing investors to enable us to realise our mission to transform urban logistics and create cities that are truly better for everyone."
Current investors including GV, Lightspeed Venture Partners, and 20VC backed the round.
"We have been growing extremely quickly over the past year as thousands of people and businesses each day jump into electric vehicles desperate for an easy, simple way to charge up."
Octopus Ventures led the Series B round to support expansion into new vehicle segments and international markets.
"At Flock, we believe that insurers should help customers save time, money, and even lives. With our radically different insurance model, enabled by an immense amount of data, we hope to actively reduce the number of people needlessly killed or injured on the road."
