# Zoomo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zoomo-pty

- Industry: Consumer Products
- Headquarters: Australia
- Website: www.ridezoomo.com
- Total disclosed funding: $38M
- Latest round: Series C (Dec 23, 2022)
- Investors on record: 16

## About

Founded in 2017 and based in Sydney, Australia, Zoomo Pty Ltd operates as a distributor of subscription-based light electric bikes for the use of individual customers and food delivery couriers. The company was founded by Arwin Soetanto, Michael Johnson, and CEO Mina Nada. In August 2020, Zoomo Pty Ltd raised an undisclosed amount of venture debt funding by OneVentures and Viola Credit and in May 2021, raised USD 12 million in Series B funding led by new investor AirTree Ventures with participation from Winthrop Square and Wisdom VC.

Zoomo's electric bikes are mainly used by gig workers in the food delivery industry and its light electric vehicle range includes e-Bike, e-Moped, and e-Cargo options. The company's customers can rent vehicles through its mobile application. Zoomo also has a full stack-based service for enterprises that allows them to deploy and manage fleets of e-bikes at a large scale, along with providing features like same-day servicing and anti-theft technology. The company’s client base includes Cornucopia, Gorillas and Just Eat Takeaway.

Zoomo offers e-bike options for delivery riders, including rentals from USD 64 per week via Zoomo Pay from USD 75 per week and outright purchases starting at USD 1499 with all plans including GPS tracking, maintenance, and access to the MyZoomo app for support, tracking, and billing.

Zoomo plans to add new corporate categories such as parcel, mail, and grocery deliveries that its bikes can be used for as well and add extra subscription models better suited for individual consumers.

## Funding rounds

- Series C, Dec 23, 2022, $3.9M — Collaborative Fund, ArcTern Ventures, Maniv Mobility, SG Fleet Group Limited, AirTree Ventures, Grok Ventures, CEFC, Skip Capital, Contrarian Ventures, Akuna Capital, Winthrop Square Capital, MUFG Innovation Partners, Cbc Co Pty Limited
- Series B, Feb 21, 2022, $20M — Collaborative Fund, SG Fleet Group Limited, Akuna Capital, MUFG Innovation Partners, WIND Ventures
- Series B, Nov 15, 2021 — ArcTern Ventures, Maniv Mobility, AirTree Ventures, Grok Ventures, CEFC, Skip Capital, Contrarian Ventures
- Series B, May 3, 2021, $12M — Maniv Mobility, AirTree Ventures, CEFC, Wisdom VC, Contrarian Ventures, Winthrop Square Capital
- Series A, Aug 24, 2020 — Maniv Mobility, CEFC, Contrarian Ventures, Hana Ventures
- Seed, Nov 18, 2019, $2.5M — Maniv Mobility, Contrarian Ventures

## Investors

- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Seed, Series A, Series B, Series C
- Contrarian Ventures (https://capitalatlas.ai/funds/contrarian-ventures) — Seed, Series A, Series B, Series C
- CEFC — Series A, Series B, Series C
- Hana Ventures — Series A
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Series B, Series C
- Wisdom VC (https://capitalatlas.ai/funds/wisdom-vc) — Series B
- Winthrop Square Capital (https://capitalatlas.ai/funds/winthrop-square-capital) — Series B, Series C
- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Series B, Series C
- Grok Ventures — Series B, Series C
- Skip Capital (https://capitalatlas.ai/funds/skip-capital) — Series B, Series C
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series B, Series C
- SG Fleet Group Limited — Series B, Series C
- Akuna Capital — Series B, Series C
- MUFG Innovation Partners (https://capitalatlas.ai/funds/mufg-innovation-partners) — Series B, Series C
- WIND Ventures (https://capitalatlas.ai/funds/wind-ventures) — Series B
- Cbc Co Pty Limited — Series C