What is Zoomo?
Founded in 2017 and headquartered in Australia, Zoomo provides a specialized electric bike platform tailored for the food delivery and last-mile logistics industries. By offering a subscription-based access model, the company effectively lowers the barrier to entry for gig workers, providing them with reliable, high-performance hardware. Zoomo occupies a critical niche at the intersection of sustainable transportation and the rapidly growing on-demand delivery market, positioning itself as an essential service provider for urban fleets seeking to decarbonize their operations while maintaining operational efficiency.
How much funding has Zoomo raised?
Zoomo has raised a total of $105.5M across 4 funding rounds:
Angel/Seed
$2.5M
Series A
$11M
Unspecified
$12M
Series B
$80M
Angel/Seed (2019): $2.5M with participation from Maniv Mobility Contrarian Ventures
Series A (2020): $11M led by Hana Ventures, Maniv, Viola Credit, The Australian Clean Energy Finance Corporation, Contrarian Ventures, and OneVentures
Unspecified (2021): $12M supported by AirTree Ventures, Clean Energy Finance, Maniv, and Contrarian Ventures
Series B (2022): $80M featuring Akuna Capital, Collaborative Fund, ArcTern Ventures, Grok Ventures, Viola Credit, and Skip Capital
Key Investors in Zoomo
AirTree Ventures
Airtree is an early-stage venture capital firm that supports Australian and New Zealand founders in building iconic technology companies.
Clean Energy Finance
The Clean Energy Finance Corporation is an Australian Government-owned Green Bank established to facilitate increased flows of finance into the clean energy sector.
Maniv
Maniv Mobility is a global early-stage venture capital fund focusing on technology startups that are digitizing and decarbonizing mobility and transportation.
What's next for Zoomo?
With the recent infusion of capital, Zoomo is well-positioned to scale its hardware-as-a-service offering across international markets. The company's strategic roadmap likely involves deepening its integration with major delivery platforms and enhancing its proprietary fleet management software. As the demand for sustainable, efficient urban mobility continues to rise, Zoomo is expected to leverage its current funding to solidify its market leadership, expand its service footprint, and further innovate its electric vehicle technology to meet the evolving needs of the global gig workforce.
See full Zoomo company page
