Zoomo, a New York-based electric last-mile delivery vehicles provider, raised $20M in Series B funding.
The round was led by Collaborative Fund with participation from Mitsubishi UFJ, SG Fleet, WIND Ventures, and Akuna Capital. The additional funds bring the total funding raised to date to over US $100m, a combination of both equity and debt.
The company intends to use the funds to deepen its investment in core technologies, including new vehicle products and next-generation software, accelerate expansion into new cities and countries and enable opportunities for recruitment across the business globally.
Founded by Mina Nada and Michael Johnson, Zoomo is a full-service utility micromobility platform which aims to turn the world’s delivery fleets electric using e-bikes. Its vertically integrated platform encompasses custom delivery oriented e-bikes, a physical servicing and maintenance network, a software platform for asset management and telematics, and a finance offering.
Since the business was founded in 2017, Zoomo has expanded its operational presence to 16 cities in 6 countries across the world. The company currently operates in Australia, the United States, the United Kingdom and Europe. The vehicles are used by major players in the on-demand food and grocery delivery segment including UberEats, Doordash, JustEat Takeaway, Deliveroo, Domino’s, Pizza Hut, Gopuff, Gorillas, Getir, JOKR, Zapp, Weezy, Dija, Milkrun, Cajoo and more.
FinSMEs
22/02/2022