Global Utility E-Bike Innovator Zoomo Accelerates Growth By Adding Another $20M To Its Series B Funding Round

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The startup has just announced a $60 million Series B fundraise, money it aims to use to transform the way companies look at last-mile delivery. The other half comes from asset-backed debt from Viola Group, which the startup will use to scale up its hardware into existing and new markets. The company already operates in Australia, the United Kingdom and the United States, and has recently expanded into new cities in those markets, like Manchester, U.K. and Chicago, Illinois, as well as into Valencia in Spain, Paris in France and Stuttgart in Germany. The startup offers fleets of electric bikes (and in some markets, mopeds), as well as fleet management software, to enterprise customers like Domino’s. We really see micromobility disrupting the traditional four-wheeled space, and we are heavily focused right now on the fact that no micromobility company is doing a really good job for the logistics space, even though there’s some cool companies doing a good job in the consumer space.” Zoomo says its vehicles are built for couriers who have to ride eight hours per day, complete with big batteries that can carry a worker on late night slogs through the rain.“Safety is a really big feature for them, so is durability,” said Nada, whose pedigree includes Deliveroo, Bolt Bikes, Bain and Mobike.