British cargo bike delivery company Zedify has raised £4 million to expand its network with a new Midlands Hub that will open this October.
Rob King, Co-founder and CEO of Zedify, told Zag Daily: “The Midlands is one of the UK’s most important logistical regions – this is why the new Hub is such a critical part of our growth strategy, enabling us to really ramp up sustainable deliveries across the entire region. The hub will start with a team of 20 riders and cargo bikes, with scope to expand as we partner with more businesses looking to slash carbon from their last mile deliveries.”
Zedify works with major brands like Zara, Hello Fresh and Selfridges along with parcel carriers to provide more sustainable last mile deliveries using e-cargo bikes. These vehicles have been shown to save over 80% on CO2 emissions per kilometer compared to electric vans.
Currently delivering in Brighton, Bristol, Cambridge, Edinburgh, Glasgow, London, Manchester, Norwich and Plymouth, Zedify plans to operate in 51 UK towns and cities within the next five years.
The new funding has come from Barclays Sustainable Impact Capital, Mercia Ventures, the Midlands Engine Investment Fund (MEIF) and Green Angel Syndicate, and follows a £5m investment in March 2023. This latest funding will further be used to enhance the firm’s technology stack and expand its team of riders, sales and customer care staff.
Gavin Chapman, Co-Head of Principal Investments at Barclays, commented: “The transition to net zero emission for many sectors is not as simple as swapping from high-emitting fuels to renewables, and this is particularly true of the logistics industry. Zedify has identified that hyper-local delivery models are needed, in combination with low-carbon transport, in order to decarbonise the industry, reducing pollution within the UK’s cities.”
