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§ Private Profile · Sydney, Australia
Zoomo is a technology company.
Zoomo has raised $142.0M across 8 funding rounds.
Key people at Zoomo.
Zoomo has raised $142.0M in total across 8 funding rounds.
Zoomo develops and provides light electric vehicles, specifically utility e-bikes, tailored for commercial delivery use. The company’s integrated offering includes robust, purpose-built electric bikes with larger batteries and GPS tracking, coupled with comprehensive aftermarket servicing infrastructure. This approach addresses the specific demands of high-mileage commercial operations, ensuring vehicle durability and operational efficiency through proprietary design, engineering, and software development.
The company was co-founded by Mina Nada and Michael Johnson, who converged on the idea in 2017 and officially launched in 2019. Nada, previously Deliveroo’s first employee in Australia, observed that while cyclists were more efficient for urban deliveries, existing e-bikes were not suited for demanding commercial use. Recognizing the need for durable vehicles and dedicated maintenance, he partnered with Johnson, a former colleague from Bain & Company, to build a solution for this underserved market.
Zoomo’s primary customers include gig workers and companies utilizing delivery platforms, initially offering short-term leases and later expanding to long-term fleet solutions. The company’s vision centers on powering the global delivery ecosystem with efficient, safe, and sustainable light electric vehicles. By providing reliable e-mobility solutions and supporting services, Zoomo aims to enhance delivery operations and facilitate the transition to greener last-mile logistics worldwide.
Key people at Zoomo.
Zoomo has raised $142.0M across 8 funding rounds. Most recently, it raised $20.0M Series B in February 2022.
Zoomo is a mobility technology company that provides light electric vehicles (LEVs), primarily e-bikes, through rentals, rent-to-buy, and sales options tailored for urban delivery riders.[1][3][4] It serves gig economy workers, such as those partnering with Uber Eats, by solving the problem of inefficient transport from traditional bikes, cars, and trucks, enabling sustainable transitions to electric vehicles with included servicing and accessibility features.[1][3] Formerly Bolt Bikes, Zoomo has expanded from Sydney to the UK and US, employs over 300 people worldwide, and raised significant Series B funding ($20M in Nov 2021 and $30M in Aug 2022) to fuel software development, vehicle range expansion, and team growth, demonstrating strong momentum in the booming home delivery market.[1][2]
Founded in 2017 in Sydney, Australia (headquartered at 11-31 York St, Sydney NSW 2000), Zoomo originated as Bolt Bikes to offer more efficient e-bike transport for gig-economy delivery drivers.[1][2][3] CEO Mina Nada brings expertise from Bain & Co consulting, Head of Global Tactical Operations at Deliveroo, and Mobike, providing deep insights into delivery operations.[1] CRO Michael Johnson, with a Chemical Engineering degree from Cambridge and prior Bain consulting experience, served as COO, contributing operational strength.[1] The company's rebrand to Zoomo marked expansion into Australia, the UK, and US, with early traction as Uber Eats' exclusive e-bike partner offering rider discounts; pivotal funding rounds in 2021-2022 accelerated global scaling.[1]
Zoomo rides the surge in gig economy deliveries and e-mobility trends, capitalizing on booming urban home delivery amid rising sustainability demands to shift billions of miles from fossil-fuel vehicles to LEVs.[1][3] Timing aligns with global electrification pushes, post-2022 funding enabling US/UK expansion as cities incentivize green transport and regulators curb high-emission options.[1][2] Favorable market forces include gig platform growth (e.g., Uber Eats) and logistics efficiency needs; Zoomo influences the ecosystem by setting standards for rider-centric e-bike fleets, fraud-resistant software, and scalable servicing, potentially accelerating LEV adoption in logistics.[1][3][4]
Zoomo is poised for further global dominance in delivery e-mobility, leveraging its Series B capital for software enhancements, new vehicle models, and market penetration amid escalating urban delivery volumes.[1][2] Trends like AI-driven fleet management, regulatory green mandates, and battery tech advances will propel growth, while partnerships could extend to more platforms beyond Uber Eats. Its influence may evolve from niche provider to ecosystem shaper, redefining sustainable last-mile logistics—echoing its founding mission to electrify billions of delivery miles.[1][3]
Zoomo has raised $142.0M in total across 8 funding rounds.
Zoomo's investors include Collaborative Fund, Lowercarbon Capital, Pillar VC, Akuna Capital, MUFG Innovation Partners, Robbie Blau, WIND Ventures, ArcTern Ventures, Mike Cannon-Brookes, Scott Farquhar, AirTree Ventures, Clean Energy Finance Corporation.
