Micromobility delivery service Zoomo raises additional $20 million in funds

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Micromobility delivery subscription service Zoomo has earned an additional $20 million in equity to end its Series B funding round.

The Australian firm announced that it has raised $60 million last November, with Zoomo having now secured more than $100 million in total.

Zoomo is primarily focused on electric last-mile delivery devices such as e-bikes, e-cargo bikes and e-mopeds for businesses and gig workers.

The operator will use the funds to continue its expansion, as well as investing in further vehicle and technological development.

Founded in 2017, Zoomo operates in 16 cities across six countries including the USA, UK and Australia, where it offers its devices on a subscription basis.

Its partners include DoorDash, Uber Eats and Domino’s with prices ranging from 20 to 35 USD per week.

“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 CEO Mina Nada.

“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.”

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