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- Zoomo
Zoomo Funding, Investors & Competitors
Zoomo has raised $106M across 5 funding rounds, most recently a $20M Series B in February 2022.
Last Zoomo funding round
$20M
Series B · Feb 2022
Cumulative funding Zoomo raised
$106M
across 5 funding rounds
Key investors in Zoomo
Maniv Mobility
Contrarian Ventures
Clean Energy Finance Corporation
Airtree Ventures
Hana Ventures
Collaborative Fund
Skip Capital
ArcTern Ventures
About Zoomo
Zoomo is a Sydney-headquartered subscription service for electric bikes targeting food delivery gig workers in Australia and Europe. Launched in 2017, it offers e-bikes, e-mopeds, and e-cargo models with maintenance, insurance, and battery swaps included in weekly plans. Expanding to parcel and grocery deliveries, the fleet numbers thousands across cities like London, Paris, and Melbourne.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Zoomo Funding History
Zoomo has raised a total of $106M across 5 funding rounds.
Zoomo's first fundraising round was a $3M seed round in November 2019. The most recent completed round was a $20M Series B in February 2022.
Zoomo funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series B | Collaborative Fund (lead); MUFG Innovation Partners; WIND Ventures; SG Fleet Group; Akuna Capital | $20M | Zoomo is an Australian startup founded in 2017 that manufactures and leases utility e-bikes for last-mile delivery workers, operating in 16 cities across six countries including North America, Asia Pacific, and Europe. The company raised a $20 million Series B extension on February 21-25, 2022, led by Collaborative Fund, with participation from MUFG Innovation Partners, SG Fleet Group, Akuna Capital, and WIND Ventures, bringing total funding to $101.5 million after a prior $60 million Series B in November 2021 that included equity and debt. Funds were allocated to hiring globally, expanding fleet and vehicle management software, and developing an end-rider app. In 2021, Zoomo achieved 4x global revenue growth and 20x growth in its enterprise business, driven by B2B deals with food delivery platforms like Uber Eats, DoorDash, and Gorillas, positioning it as a market standard for delivery riders in cities like London and Paris. No specific post-money valuation, quantified revenue, ARR, EBITDA, or valuation multiples were disclosed in connection with this round; sources only reference growth multiples without base figures. |
| Nov 2021 | Series B | ArcTern Ventures (lead); Grok Ventures (lead); Skip Capital (lead); Maniv Mobility; Clean Energy Finance Corporation; Contrarian Ventures; Airtree Ventures | $60M | Zoomo is an Australian startup that builds e-bikes and offers micromobility subscriptions to gig workers, couriers, and enterprises for last-mile delivery, operating in markets including Australia, the UK, US, Spain, France, and Germany. The company announced a $60 million Series B funding round on November 15, 2021, comprising $30 million in equity led by Grok Ventures, Skip Capital, and ArcTern Ventures, with participation from AirTree Ventures, Clean Energy Finance Corporation, Contrarian Ventures, and Maniv Mobility, plus $30 million in asset-backed debt from Viola Group. Funds are earmarked for expanding into new cities and countries, deepening software integration, developing next-generation vehicles, scaling hardware via subscriptions, and building a servicing network. Zoomo's customers include major delivery platforms such as Domino’s, Pizza Hut, Amazon Wholefoods, UberEats, Doordash, JustEat Takeaway, and Deliveroo. The UK business grew 7x since July 2020 and was projected to grow 20x by year-end, while global enterprise business expanded significantly amid 2021 expansions into cities like Manchester, Chicago, Valencia, Paris, and Stuttgart. In a later update, Zoomo added $20 million to the round, bringing the total to $60 million and cumulative fundraising over $100 million, with plans to invest in core technologies, an end-rider app, and growth beyond 16 cities in six countries. The funding positions Zoomo to disrupt traditional delivery vehicles, akin to Rivian but focused on light electric vehicles like e-bikes, e-cargo, and e-mopeds for urban deliveries, capitalizing on trends toward lower emissions, reduced traffic congestion, and cheaper electric fleet ownership. The global electric cargo bikes market is forecasted to grow at a 12% CAGR to $1.1 billion by 2026. |
| May 2021 | Series A | Airtree Ventures (lead); Maniv Mobility; Winthrop Square Capital; Clean Energy Finance Corporation; Contrarian Ventures; Wisdom VC | $12M | Zoomo is an Australian e-bike innovator providing subscriptions for commercial electric bikes and e-mopeds to businesses in last-mile delivery, including partnerships with Uber Eats and DoorDash. The company offers a full-stack solution encompassing hardware, software, financing, servicing, and fleet management to facilitate carbon-neutral operations for food, grocery, and logistics firms. In early 2021, Zoomo raised $12 million in an interim capital round led by AirTree Ventures, with participation from Clean Energy Finance Corporation, Maniv Mobility, Contrarian Ventures, Winthrop Square Capital, and Wisdom VC. This followed an $11 million Series A in August 2020, bringing cumulative funding to $26 million USD over 24 months. The funds supported expansion into new markets like continental Europe and additional U.S. states, growth of its fleet beyond 10,000 units, development of next-generation vehicles, and extension of its consumer model to commuters. |
| Aug 2020 | Series A | Clean Energy Finance Corporation (lead); Maniv Mobility; Hana Ventures; Contrarian Ventures | $11M | Zoomo, an Australian electric bike startup formerly known as Bolt Bikes, provides smart utility bikes for last-mile delivery through a vertically integrated model including service centers, microfinance, and software. The company raised $11-16 million in an August 2020 Series A round led by Clean Energy Finance Corporation with equity from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, plus venture debt from OneVentures and Viola Credit. Funds supported expansion into delivery vehicles, product lineup, physical presence in Australia and the US, including Brisbane and Los Angeles, and growth in the e-commerce sector to reduce transport emissions. |
| Nov 2019 | Seed | Maniv Mobility (lead); Hana Ventures; Contrarian Ventures | $3M | - |
Who has invested in Zoomo?
15 investors have backed Zoomo across its funding rounds, including Maniv Mobility, Contrarian Ventures, Clean Energy Finance Corporation, Airtree Ventures, Hana Ventures and Collaborative Fund.
Lead investors include Collaborative Fund, ArcTern Ventures, Grok Ventures, Skip Capital, Airtree Ventures and 2 other investors.
Zoomo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2019 | ||
| 4 | Participant | Nov 2019 | ||
| 3 | Lead | Aug 2020 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Lead | May 2021 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 15 Zoomo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialZoomo Competitors
Zoomo competitors include listed companies like Cintas, United Rentals, Ashtead Group and AerCap, and private ones like Wicked Ride Adventure Services and Enilive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $30M | - | ||
| Publicly listed | $11B | $3.1B | $79B | 7.1x | ||
| Publicly listed | $16B | $7.2B | $62B | 4.5x | ||
| Publicly listed | $11B | $4.5B | $30B | 3.9x | ||
| Publicly listed | $8.5B | $6.8B | $23B | 7.4x | ||
| Private | - | - | $14B | - |
Zoomo Public Comps
Zoomo is still privately-owned, but its public comps include Cintas, United Rentals, Ashtead Group, AerCap, FTAI Aviation, U-Haul, Ayvens, Hotai Motor, Ryder and Tokyo Century.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $3.1B | 7.2x | 7.1x | 26.2x | 25.2x | |||
| $16B | $7.2B | 4.8x | 4.5x | 10.8x | 9.9x | |||
| $11B | $4.5B | 3.9x | 3.9x | 9.6x | 8.4x | |||
| $8.5B | $6.8B | 7.5x | 7.4x | 9.3x | 9.0x | |||
| $2.5B | $1.1B | 9.2x | 6.6x | 21.6x | 17.8x | |||
| $6B | $1.6B | 2.9x | 2.9x | 10.9x | 10.3x | |||
| $29B | $12B | 1.7x | 1.8x | 4.1x | 27.5x | |||
| $8.1B | $1.6B | 2.4x | - | 12.3x | - | |||
This data is available for Pro users. Sign up to see all Zoomo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zoomo
| When was Zoomo founded? | Zoomo was founded in 2017. |
| Where is Zoomo headquartered? | Zoomo is headquartered in Sydney, Australia. |
| Is Zoomo publicly listed? | No, Zoomo is a private, VC-backed company. |
| How much funding has Zoomo raised? | Zoomo has raised $106M across 5 funding rounds. |
| What was Zoomo's last funding round? | Zoomo's last funding round was a $20M Series B in February 2022, led by Collaborative Fund. |
| Who are Zoomo's investors? | Zoomo's investors include Maniv Mobility, Contrarian Ventures, Clean Energy Finance Corporation, Hana Ventures, Airtree Ventures, MUFG Innovation Partners, Winthrop Square Capital, WIND Ventures, Wisdom VC, Collaborative Fund and 5 others. |
| Which companies are comparable to Zoomo? | Companies comparable to Zoomo include Wicked Ride Adventure Services, Cintas, United Rentals, Ashtead Group, AerCap and Enilive. |
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