Zoomo: the rapidly growing electric delivery bike rental company
This page is translated from the original post "Zoomo : la location de vélos électriques de livraison qui gonfle" in French.
- 28/02/2022 12:51
The Australian startup Zoomo, specialized in the rental of delivery electric bikes, announces €90 million in funding.
Founded in 2017 under the name Bolt Bikes and renamed in 2020, Zoomo is growing rapidly. Based in Australia, the startup has received new investment, ensuring its growth, including in France.
Last week, the company completed its second “Series B” funding round. With a new raise of $20 million, Zoomo now totals $80 million and $101.5 million overall since its inception (€90.3 million). While not yet at the level of Dott’s rental service or the Vanmoof brand, this is a considerable milestone in the cycling industry.
According to the Australian company, this funding will be used to recruit staff to develop its digital platform, as well as to expand its fleets. Zoomo operates in France in Paris, but also at home in Australia, the UK, and the US. It has also recently launched its new, more modern bike “One”, equipped with a 1 kWh battery and a payload capacity of 58 kg.
Zoomo Bikes Primarily for Delivery
For individuals, it is also possible to train themselves in electric biking through rental via Zoomo. However, these electric assist bikes are mainly prevalent in fast delivery services. The company has formed numerous partnerships, offering advantages to users of Deliveroo, Uber Eat, Just Eat, Gorillas, or Getir. It has also established collaborations in the delivery of parcels and goods via DHL and Stuart.
Zoomo’s electric-assist bikes are “designed for delivery workers”. In France, only the Sport and Zero models are available, with 630 Wh batteries and a payload capacity of 30 to 40 kg. Durable, they are also GPS trackable and recoverable in case of theft. Additionally, Zoomo will soon add a trailer and a tricycle suitable for businesses requiring larger deliveries, up to 545 kg. Elsewhere, other models like Rad Power RadRunner, Trekker (70 Nm torque, 768 Wh), and the Hybrid electric mountain bike complete the range.
The Zoomo offer begins at €35 per week in France, with no contract, insurance included. However, this price is relatively high compared to other players in the market. It costs €59.90/month for Swapfiets (no commitment), €40/month for individuals at Veligo (6 months), or €55/month at Décathlon Rent (minimum 3 months).
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