What is Zoomo?
Established in 2017 and headquartered in Australia, Zoomo specializes in offering electric bikes through flexible subscription plans. This model is designed to support gig economy workers, particularly those in the food delivery industry, by providing them with reliable and cost-effective transportation solutions. Zoomo's commitment to sustainability is evident in its focus on electric mobility, contributing to reduced carbon emissions within urban environments. The company's operations are crucial for enabling efficient and eco-friendly last-mile delivery services.
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 Maniv, Viola Credit, Hana Ventures, OneVentures, Contrarian Ventures, and The Australian Clean Energy Finance Corporation
Unspecified (2021): $12M supported by Maniv, AirTree Ventures, Contrarian Ventures, and Clean Energy Finance
Series B (2022): $80M featuring Viola Credit, Akuna Capital, Collaborative Fund, ArcTern Ventures, Grok Ventures, and Skip Capital
Key Investors in Zoomo
Maniv
Maniv Mobility is a global early-stage venture capital fund focusing on technology startups that are digitizing and decarbonizing mobility and transportation, investing in innovative solutions that enhance efficiency and sustainability.
Viola Credit
Viola Credit is a global alternative credit asset manager specializing in providing flexible and tailored credit solutions to tech-driven companies, supporting operational growth and funding origination activities.
ArcTern Ventures
ArcTern Ventures is a venture capital firm investing in entrepreneurs focused on addressing climate change and sustainability since 2012, leveraging expertise to accelerate success in clean energy and mobility solutions.
What's next for Zoomo?
With its recent major strategic investment and substantial total funding, Zoomo is well-positioned for significant scaling and innovation. The company is likely to focus on expanding its fleet of electric bikes, enhancing its subscription platform, and potentially entering new geographic markets. Further investment in technology to optimize bike maintenance, rider support, and operational efficiency can be anticipated. Zoomo's strategic backing from key players in mobility and climate tech suggests a continued emphasis on sustainable growth and market leadership in the electric micro-mobility space.
See full Zoomo company page
