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Zoomo Rider
Case study

Zoomo shapes future of delivery economy

One-stop shop for greener fleet delivery solutions

Sydney-based start-up Zoomo is gaining global attention for its market leading offering that is helping decarbonise the delivery economy. It is at the forefront of electrification of light vehicle transport, providing fleet management and delivery solutions that integrate vehicles, software, servicing and finance to provide an innovative end-to-end platform.

Decarbonising

delivery fleets

$14.2m

CEFC investment

Unique 

“full stack” model

We believe that the bike world is ready for disruption and that in five to ten years, light electric vehicles will be the predominant form of transportation. Zoomo is taking the lead in this transformation.
Mina Nada
CEO and co-founder, Zoomo

Our investment

Zoomo makes, sells and rents e-bikes to gig economy delivery drivers and the operators employing them. Initially named Bolt Bikes and focused on the food delivery industry, Zoomo is growing its reach into parcel, mail and grocery deliveries.

The CEFC has invested $14.2 million in Zoomo across three successful capital raisings, via the Clean Energy Innovation Fund. The investment will help Zoomo expand its operations into new cities and countries, deepen software integration with its customers, and finalise development of Zoomo’s next-generation vehicles.

The Australian founded company is the only light electric vehicle company in the world that provides a one-stop shop of fleet management and delivery solutions, integrating vehicles, software, servicing and finance to provide an innovative end-to-end platform.

Zoomo has attracted $80 million in investment capital, with the CEFC capital working alongside a range of substantial industry leaders including Grok Ventures, Skip Capital, ArcTern Ventures, AirTree Ventures, Maniv Mobility, Contrarian Ventures, Winthrop Square and Wisdom VC.

Zoomo has also achieved a ground-breaking asset backed debt facility for e-bikes, built and provided by Viola Credit and OneVentures, allowing customers to pay a monthly subscription fee to access the rapidly growing Zoomo fleet.

our impact

Zoomo’s goal of electrifying commercial delivery fleets is a critical step in meeting global emissions reduction targets, with light electric vehicles emerging as a sustainable option, disrupting the traditional delivery transport.

Rapid design improvements mean that light electric vehicles will increasingly outpace cars and vans in the delivery of meals, post, parcels and groceries, offering greater flexibility and lower emissions.

Further championing the uptake of e-bikes is the wave of new companies emerging in the on-demand grocery delivery sector, providing 10 to 15 minute order-to-door delivery. Zoomo estimates the value of this services segment alone grew by $14 billion through the COVID-19 pandemic, enabled by efficient transport modes such as e-bikes.

The company’s unique “full stack” model allows businesses to deploy and manage large fleets of carbon-friendly e-bikes at scale, supported by features like same-day servicing and anti-theft technology. Businesses and fleet managers are increasingly attracted to its quality commercial vehicles, on demand service, flexible financing and tech-enabled security features.

Zoomo has Domino’s franchisees in Australia, Milkrun in Australia and US fast grocery deliver service Gopuff among its clients, and is seeing its fleet rapidly expand beyond 10,000 units globally.

The Clean Energy Innovation Fund is the largest dedicated cleantech investor in Australia, created to invest $200 million in early-stage clean energy companies. The Innovation Fund targets technologies and businesses that have passed beyond the research and development stage and which can benefit from early stage growth capital to help them progress to the next stage of their development.

Learn more about the Clean Energy Innovation Fund

 

Last updated November 2021. National, Innovation Fund, Transport, Low emissions
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