Electrical supply bike startup Zoomo has raised an additional US$20 million (A$28m) simply three months after bagging $80 million in a Sequence B.
The B+ elevate was led by new investor New York VC Collaborative Fund, joined by strategic buyers MUFG Innovation Companions, the VC arm of Mitsubishi UFJ; native mobility options firm SG Fleet; WIND Ventures, the VC arm for Latin American power and mobility enterprise COPEC; and Akuna Capital.
The recent money takes the whole funding raised by the five-year-old startup to greater than $100 million, in fairness and debt.
In November Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar backed Zoomo’s $80 million sequence B, main the elevate by way of Grok Ventures, Skip Capital. Present buyers, AirTree Ventures, the Clear Vitality Finance Company (CEFC), Contrarian Ventures and Maniv Mobility have been additionally within the spherical, which included $30 million in asset-backed debt from Viola Group.
Zoomo co-founder and CEO Mina Nada mentioned 2021 was a transformative 12 months for the startup, which grew by 4x globally and launched in three new international locations. The enterprise facet additionally grew 20x final 12 months. The consumer base now contains UberEats, Doordash, JustEat Takeaway, Deliveroo, Domino’s, Pizza Hut and Milkrun.
The enterprise is now working in 16 cities in six international locations together with Australia, the US and UK, providing e-bike and e-moped fleet administration and supply options for each gig-workers and enormous fleet operators within the last-mile supply house.
“We noticed enterprises and fleet managers, along with gig-workers, profit from our revolutionary platform. 2022 is the 12 months we take the enterprise up a gear,” he mentioned.
“The sequence B+ surplus funding will allow us to develop extra aggressively throughout the globe, and in the end put extra environment friendly, protected and clear transport options on our roads.
Collaborative has beforehand invested in Lyft, Whoop and Past Meat. Founder and Managing Director Craig Shapiro mentioned they look ahead to the corporate’s roll out in additional cities.
“Delivering small packages and meals in a four-thousand-pound car is inefficient and dear – each for patrons and the surroundings,” he mentioned.
“Zoomo is just higher for all stakeholders. E-bikes are just the start in Zoomo’s imaginative and prescient in the direction of powering the way forward for logistics.
Nada mentioned the fast (sub 30 min) supply market is rising at an exponential fee globally, delivering a big optimistic tailwind for Zoomo.
The additional $38 million is for additional funding in core applied sciences, together with new car merchandise and next-generation software program, in addition to enlargement into new cities and international locations.
NOW READ: Atlassian co-founders again e-bike startup Zoomo in $80 million sequence B
