Mina Nada

Subscription e-bike startup Zoomo cuts jobs again after raising $24 million

E-bike subscription startup Zoomo cut 27 roles in its second restructuring in six months, weeks after client Milkrun's collapse, and disclosed a previously unreported $24 million raise led by Grok Ventures and the CEFC.

Also Techboard

E-bikes, SME lending and rethinking ‘tickets’: Seven $1 million-plus raises you might have missed

Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Australian FinTech

e-bike startup Zoomo tops up Series B with another $28 million

Delivery e-bike firm Zoomo has added US$20 million to its Series B, led by Collaborative Fund, three months after an $80 million round backed by the Atlassian founders' vehicles, lifting total funding beyond $100 million.

Also Startup Daily·Startup Daily

Last-mile delivery e-bike supplier Zoomo tacks on $20M to Series B

E-bike supplier Zoomo added $20 million in equity to complete its Series B, led by Collaborative Fund with several strategic backers joining, lifting the delivery-vehicle startup's total funding to $101.5 million.

Also Tech Funding News - Australia·SmartCompany

Quiet achievers and COVID successes: SmartCompany's 10 startups to watch in 2022

SmartCompany's year-end list profiles ten Australian startups poised for a big 2022, recalling their 2021 raises, crowdfunding campaigns, government grants and accelerator origins, from mtime and Quantum Brilliance to Zoomo and Superhero.

Also SmartCompany

CEFC congratulates Zoomo on $80m raise

Electric delivery vehicle maker Zoomo has closed an oversubscribed Series B of US$60 million (A$80 million), led by new investor Grok Ventures with Skip Capital and ArcTern, plus follow-on from existing backers and a new debt facility.

Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily

E-bike subscription service Zoomo raises $60M Series B to disrupt last-mile delivery

Australian e-bike subscription startup Zoomo announced a Series B blending equity and debt funding to expand its micromobility offering for couriers into more cities and develop light vehicles for parcels.

Also Crunchbase News·TechCrunch Venture·Startup Daily·TechCrunch Venture

Electric bike maker Zoomo announces second round of funding

Australian e-bike firm Zoomo has announced a $16 million round led by AirTree, with the publisher investing a further $2.2 million, and has appointed four US industry figures to its advisory board.

Also Virescent Ventures·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily

Zoomo raises $12 million to expand e-bike subscription offerings

Australian e-bike subscription startup Zoomo has announced a $12 million round led by AirTree, following its 2020 Series A, to fund expansion into Europe, more US states and next-generation vehicles.

Also TechCrunch Venture·TechCrunch Venture

Welcome abroad: Australian founders shed light on raising overseas capital during the pandemic

Three local startups share how they secured offshore investment during COVID-19, covering virtual pitching, a seed round, a Series A, and accelerator-style support programs abroad.

Also Wholesale Investor·SmartCompany

Aussie e-bike subscription startup rides away with $16 million in funding and a brand new name to boot

E-bike subscription startup Bolt Bikes has raised $16 million and rebranded as Zoomo, with co-founders Michael Johnson and Mina Nada citing rapid growth and overseas expansion during the pandemic.

Also Startup Daily

With $11 million in fresh capital, Bolt Bikes rebrands to Zoomo

Sydney electric bike startup Bolt Bikes has rebranded as Zoomo and raised $11 million in a Series A led by the Clean Energy Finance Corporation, with equity and venture debt investors, to expand subscriptions.

Bolt Bikes launches e-bike subscription platform for gig delivery workers in US, UK