Zeelo, a London, UK-based shared mobility service, closed a £4.25m funding round.
The round was led by ETF Partners with participation from current investors InMotion Ventures, Jaguar Land Rover’s mobility venture arm, Dynamo and angel investors including Michael Liebreich and Liam Griffin.
The company intends to use the funds to further establish itself as the market leader in the UK, expand operations in Africa and other new regions, develop its technology, data and automation, invest in new vehicle technologies, on-board experience and drivers in partnership with its coach operators, and launch new verticals beyond the existing:
– ZeeloCOMMUTE – shuttles for employees to and from work
– ZeeloEVENTS – shuttles to and from major events
– ZeeloPRIVATE – shuttles for private groups
Founded in early 2017 by Barney Williams, Sam Ryan and Dani Ruiz, Zeelo provides a personalized shared mobility service for underserved areas using data analytics and exceptional service. The AI-powered algorithm allows the company to design routes that meet the needs of customers.
The platform integrates with an executive vehicle fleet of over 20,000 high quality coaches across the UK in order to serve demand.
The company has partnered with Aston Martin through its ZeeloCOMMUTE service to offer employees more convenient transport to work and offer new productivity benefits to employers, has also been working with Manchester City FC, Wasps RFC and the Welsh Rugby Union through ZeeloEVENTS to give fans a more convenient and direct route to games.