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Whizz raised $12M in Series A funding led by LETA Capital to expand its e-bike subscription platform for last-mile delivery drivers.

Jun 06, 2024about 1 year ago

Amount Raised

$12 Million

Round Type

series a

New YorkRide SharingLogisticsTransportationE Commerce

Investors

FlashpointLeta Capital

Description

Whizz, a NYC-based provider of an e-bike subscription platform for last-mile delivery drivers, raised $12M in Series A funding. The round, which brought the total amount to $20M, was led by LETA Capital, with participation from Flashpoint, and others.

Company Information

Company

Whizz

Location

New York, New York, United States

About

At Whizz, we are on a mission to revolutionize the transportation industry for delivery drivers. We believe that everyone deserves the opportunity to access reliable and convenient mobility solutions, regardless of their financial or credit history. That's why we offer a range of vehicle ownership and financing options that are designed to democratize access and drive success for our customers. Whether a driver is just starting out in the delivery industry or is looking to upgrade their current vehicle, we are here to help them achieve their goals and make their life easier. Our ultimate goal is to make transportation for delivery drivers as seamless and hassle-free as possible, so they can focus on what matters most: delivering top-quality service to their customers.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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