The newest round of funding follows a $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26M USD in the past 24 months.
Zoomo will use the funds to invest in the development and production of the brand’s next generation vehicle offerings as well as supporting global expansion to satisfy customer demand. Zoomo has had success supplying its vehicles to large fleet operators in the last mile delivery space and is seeing its fleet rapidly expand beyond 10,000 units globally.
Jackie Vullinghs, Principal at AirTree Ventures said: "Supported by regulatory and cultural tailwinds, Zoomo is accelerating the electrification of global transport, starting with last mile delivery. Their full stack offering from e-bikes and e-mopeds to finance, servicing and fleet management makes it easy for global food, grocery and logistics businesses to choose carbon neutral".