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Zoomo’s one-stop e-vehicle fleet management solution bags £44.7M funding

Zoomo
Image credits: Zoomo

Last mile connectivity is a segment which attracts both big companies and startups alike. Making its mark in the segment is the Australian micromobility provider Zoomo. The scaleup operates in the delivery fleet sub-segment of this sector and has now bagged a notable £44.7 million in funding to further its goals of expansion and innovation. In a conversation with UKTN, we learn more about the company from its co-Founder & CEO Mina Nada. 

Most funded commercial micromobility brand

Zoomo’s latest £44.7 million raise comes soon after its £8.19 million funding, which took place last year. The latest equity raise was led by Australian VC Grok Ventures, who are new investors in the company.  Grok was joined by Skip Capital, as well as global CleanTech investor, ArcTern Ventures. This Series B round was also supported by the company’s existing investors, AirTree Ventures, the Clean Energy Finance Corporation (CEFC), Contrarian Ventures and Maniv Mobility. 

“Today’s funding round underscores the tremendous potential of Zoomo e-bikes for delivery use. Zoomo is excited to bring on some world leading investors like Grok, ArcTern and Skip Capital to support our incredible growth and share in our vision to make e-bikes the default way of moving things around our cities,” Nada comments on the funding. ...