Zoomo

About

Zoomo designs and manufactures heavy‑duty electric delivery bikes and provides weekly subscription rentals, fleet‑management software, financing, servicing and accessories for gig couriers and enterprise delivery fleets across multiple countries.

Mission

Zoomo builds high-performance utility e-bikes and fleet management software sold via weekly subscriptions to gig workers and as fleet solutions for enterprises. It offers servicing and support, with U.S. rider pricing typically between $20 and $35 per week and discounted rates via delivery‑app partnerships. The company is developing the Zoomo One e-bike, new vehicle form factors and accessories, and an end‑rider app, and is expanding its fleet and vehicle management offerings for mechanics and customers. Zoomo says it expanded to 16 cities across six countries since its 2017 founding and added Spain, France and Germany last year. The startup reported 4x global revenue growth and 20x enterprise business growth in 2021, and plans to hire more team members globally to support expansion. CEO Mina Nada told TechCrunch the company sees a future where last‑mile delivery runs on light electric vehicles supported by the Zoomo ecosystem. Zoomo builds heavy‑duty e-bikes and offers micromobility subscription services, fleet management software and a servicing network for couriers and enterprise fleets. Its business serves both B2B customers (including enterprise fleets like Domino's) and B2C channels through partnerships with gig platforms such as DoorDash. Zoomo offers weekly subscriptions that include servicing, ranging from $20 to $49 per week, and designs vehicles for high‑usage delivery conditions (customers report up to 50,000 kilometers per year on a bike). The company operates in Australia, the United Kingdom and the United States and has expanded into cities including Manchester, Chicago, Valencia, Paris and Stuttgart. With the new funding, Zoomo plans to invest in its software platform, expand its servicing network, scale hardware into existing and new markets, and begin developing light vehicles for parcel and other urban delivery form factors. The funding structure combines equity to support product and platform development with asset‑backed debt to enable monthly subscription financing of its bikes. Zoomo is an Australian startup that electrifies delivery fleets by offering e-bike subscriptions to gig workers and enterprise customers. It provides a full-stack solution including custom-designed hardware, software, same-day servicing, and financing options to help partners deploy and manage fleets at scale. The company has expanded to more than 10,000 units globally and operates in New York City, San Francisco, Los Angeles and Philadelphia. Clients include Uber Eats, DoorDash, Gorillas, Just Eat Takeaway and enterprise customers such as Cornucopia. Zoomo plans to use the new funding to expand into continental Europe and additional U.S. states, grow its consumer model beyond couriers to commuters, and invest in next-generation vehicle development. The company previously raised an $11 million Series A in August 2020. Zoomo, formerly Bolt Bikes, builds and sells electric bikes and offers them as a subscription product aimed initially at gig-economy delivery workers but now serving corporate clients and individual consumers. Its subscription includes the electric bike, fleet-management software, financing, servicing, 24-hour bike access, and accessories such as a battery charger, phone holder, USB port, secure U‑Lock and safety induction. The company operates sales and service centers in Sydney, New York and the U.K., and says the need for physical locations limits how quickly it can expand the subscription service. Zoomo plans to use the new funding to add sales and service centers in Los Angeles and Brisbane and to expand within New York while ramping up direct bike sales. It also plans to add corporate categories such as parcel, mail and grocery deliveries and to introduce models better suited for individual consumers. The company raised $11 million in fresh capital in a Series A round led by the Australian Clean Energy Finance Corporation. Bolt Bikes provides a subscription platform for electric bikes tailored to gig-economy delivery workers, bundling the vehicle with servicing, financing, fleet-management software and accessories. The company sells e-bikes but primarily rents them on week-to-week commercial contracts, offering 24-hour access and a first-week free trial. Subscriptions include a battery charger, phone holder, phone USB port, secure U-lock and safety induction. Bolt Bikes operates in Sydney and Melbourne as well as San Francisco and London, and Postmates has been piloting its rental program in San Francisco since June. The startup was founded in 2017 by Mina Nada and Michael Johnson. Management says it plans to increase its fleet and expand to more cities across the U.S., U.K. and Australia.

Quick Facts