Zoomo is a technology company.
Zoomo has raised $76.0M across 5 funding rounds.
Key people at Zoomo.
Zoomo has raised $76.0M in total across 5 funding rounds.
Key people at Zoomo.
Zoomo has raised $76.0M in total across 5 funding rounds.
Zoomo's investors include Collaborative Fund, Lowercarbon Capital, Pillar VC, Airtree Ventures, Immeasurable, Merus Capital, Trajectory Ventures, Wind Ventures, Claire Diaz-Ortiz, Justin Mateen, Nate Matherson.
Zoomo is a mobility technology company that provides light electric vehicles (LEVs), primarily e-bikes, through rentals, rent-to-buy, and sales options tailored for urban delivery riders.[1][3][4] It serves gig economy workers, such as those partnering with Uber Eats, by solving the problem of inefficient transport from traditional bikes, cars, and trucks, enabling sustainable transitions to electric vehicles with included servicing and accessibility features.[1][3] Formerly Bolt Bikes, Zoomo has expanded from Sydney to the UK and US, employs over 300 people worldwide, and raised significant Series B funding ($20M in Nov 2021 and $30M in Aug 2022) to fuel software development, vehicle range expansion, and team growth, demonstrating strong momentum in the booming home delivery market.[1][2]
Founded in 2017 in Sydney, Australia (headquartered at 11-31 York St, Sydney NSW 2000), Zoomo originated as Bolt Bikes to offer more efficient e-bike transport for gig-economy delivery drivers.[1][2][3] CEO Mina Nada brings expertise from Bain & Co consulting, Head of Global Tactical Operations at Deliveroo, and Mobike, providing deep insights into delivery operations.[1] CRO Michael Johnson, with a Chemical Engineering degree from Cambridge and prior Bain consulting experience, served as COO, contributing operational strength.[1] The company's rebrand to Zoomo marked expansion into Australia, the UK, and US, with early traction as Uber Eats' exclusive e-bike partner offering rider discounts; pivotal funding rounds in 2021-2022 accelerated global scaling.[1]
Zoomo rides the surge in gig economy deliveries and e-mobility trends, capitalizing on booming urban home delivery amid rising sustainability demands to shift billions of miles from fossil-fuel vehicles to LEVs.[1][3] Timing aligns with global electrification pushes, post-2022 funding enabling US/UK expansion as cities incentivize green transport and regulators curb high-emission options.[1][2] Favorable market forces include gig platform growth (e.g., Uber Eats) and logistics efficiency needs; Zoomo influences the ecosystem by setting standards for rider-centric e-bike fleets, fraud-resistant software, and scalable servicing, potentially accelerating LEV adoption in logistics.[1][3][4]
Zoomo is poised for further global dominance in delivery e-mobility, leveraging its Series B capital for software enhancements, new vehicle models, and market penetration amid escalating urban delivery volumes.[1][2] Trends like AI-driven fleet management, regulatory green mandates, and battery tech advances will propel growth, while partnerships could extend to more platforms beyond Uber Eats. Its influence may evolve from niche provider to ecosystem shaper, redefining sustainable last-mile logistics—echoing its founding mission to electrify billions of delivery miles.[1][3]
Zoomo has raised $76.0M across 5 funding rounds. Most recently, it raised $20.0M Series B in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $20.0M Series B | Collaborative Fund, Lowercarbon Capital, Pillar VC | |
| Nov 1, 2021 | $30.0M Series B | Airtree Ventures, Immeasurable, Merus Capital, Trajectory Ventures, Wind Ventures, Claire Diaz-Ortiz, Justin Mateen, Nate Matherson | |
| May 1, 2021 | $12.0M Series A | Airtree Ventures, Merus Capital | |
| Aug 1, 2020 | $11.0M Series A | Merus Capital | |
| Nov 1, 2019 | $3.0M Seed | Merus Capital |
