Zoomo secures £14.7m in Series B funding led by Collaborative Fund to scale its e-bike delivery platform.
The financing round was led by Collaborative Fund to support technology development and international expansion.
Zoomo provides utility e-bikes and fleet management solutions designed for commercial last-mile deliveries. The company operates an integrated ecosystem of custom vehicles, maintenance networks, software, and financing options.
Zoomo has secured £14.7m in a Series B extension round led by Collaborative Fund. The financing will support the company as it expands its international footprint and invests in core technologies, including next-generation software and new vehicle lines. Additional backing came from a group of strategic investors, signalling growing commercial interest in light electric vehicles for urban logistics.
From the founder
"2021 was a transformative year for Zoomo, as we saw enterprises and fleet managers, in addition to gig-workers, benefit from our innovative platform. 2022 is the year we take the business up a gear. The series B+ surplus funding will enable us to grow more aggressively across the globe, and ultimately put more efficient, safe and clean transport solutions on our roads."
Mina Nada
Co-Founder and CEO at Zoomo
Investor perspective
"We’re thrilled to be partnering with the Zoomo team. Delivering small packages and meals in a four thousand pound vehicle is inefficient and costly – both for customers and the environment. Zoomo is simply better for all stakeholders. E-bikes are just the beginning in Zoomo’s vision towards powering the future of logistics. We can’t wait to see more Zoomo vehicles in the cities all around us."
Craig Shapiro
Founder and Managing Director, Collaborative Fund
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Expand into international markets
- 04Grow the team