Zeelo, a London, UK-based smart commuter mobility platform for organizations, raised $12M in funding.
The round was led by ETF Partners, with participation from InMotion Ventures and various angel investors including Neil Smith, Founder of Transit Systems.
The company intends to use the funds to accelerate US, European and African expansion, as well as rolling out its technology platform as a SaaS solution to fleet operator partners.
Founded by serial mobility entrepreneurs Sam Ryan and Barney Williams, who exited JumpIn, a ride-sharing business, to Addison Lee in 2014, Zeelo is a smart bus platform enabling access to safe and sustainable transportation for everyday journeys. The company works with employers, schools and fleet operators to deliver bus programs that provide a viable alternative to driving a car, in order to support staff recruitment and to reduce CO2 emissions from commuting.
Zeelo, which offers its solutions to multinational customers such as Ocado, Amazon and Wincanton, has recorded 600% revenue growth over the past 18-months, reaching regional profitability, by supporting companies in logistics and manufacturing industries, as well as post-pandemic hybrid workplaces and schools; enabling access for people in car-dependent areas to reach work and education by sustainable transportation.
Headquartered in London with operations in the UK, USA and South Africa, the company has over 75 employees. It serves over 70 customers moving nearly 100,000 riders each month.