Tech Insights - Delivery eBike Supplier Zoomo Successfully Closes Series B

Zoomo, a start-up offering eBikes to gig workers and couriers, announced this week that it had successfully raised an additional $20 million in Series B funding. The investment round was led by Collaborative Fund and was supported by Mitsubishi UFJ, SG Fleet, WIND Ventures, and Akuna Capital. This contribution brings the total amount raised by Zoomo at Series B to $80 million, with a total $100 million in funding raised by the company since its founding in 2017.

‘2021 was a transformative year for Zoomo, as we saw enterprises and fleet managers, in addition to gig-workers, benefit from our innovative platform,’ said Mina Nada, Co-Founder and CEO of Zoomo. ‘2022 is the year we take the business up a gear […] At Zoomo, we see a world within the next decade where every last-mile delivery will be completed on a light electric vehicle supported by the Zoomo ecosystem. Our investors will help bring us one step closer to making this a reality.’