In March 2021, Zoomo announced a $12 million interim funding round led by AirTree Ventures. The company said the money would fund development and production of its next-generation vehicles and its global expansion. Its offer at the time bundled commercial e-bikes and e-mopeds with weekly or monthly subscriptions, servicing, financing, and fleet management. Everything below describes that 2021 position. Locations, customers, and fleet size are historical unless a later date is given.
What Zoomo announced on March 5, 2021
Zoomo’s company announcement dated March 5, 2021 said the company had secured $12 million, with AirTree Ventures leading. TechCrunch reported on the raise on May 3, 2021 and described it as an interim round. Read together, the two sources place the round in the middle of a company still building its product and footprint, not at the end of a growth cycle.
Funding history
The announcement placed the new round within a short run of financing. The figures below are as stated by Zoomo in 2021; the announcement does not itemize how its cumulative total was built up.
| Round or figure | Date stated | Amount | Source |
|---|---|---|---|
| Series A | Announced August 2020 | $11 million | Zoomo announcement, March 5, 2021 |
| Interim round, led by AirTree Ventures | Announced March 5, 2021 | $12 million | Zoomo announcement, March 5, 2021; TechCrunch, May 3, 2021 |
| Cumulative funding over the prior 24 months | Stated March 5, 2021 | $26 million | Zoomo announcement, March 5, 2021 |
Who invested
- Led by: AirTree Ventures.
- Existing investors who provided follow-on support: Clean Energy Finance Corporation (CEFC), Maniv Mobility, and Contrarian Ventures.
- New investors named in the announcement: Winthrop Square and Wisdom VC.
What the money was for
Zoomo said the funding would go toward developing and producing its next-generation vehicles and toward global expansion. The announcement does not give a budget split between those two uses, a timetable, or a target number of new markets. Readers should treat “global expansion” as a stated goal, not a completed plan with dates.
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- 1000 W Motor & Upgraded Display: The EB5 electric bike equipped with a 1000 W peak motor, boosted a top speed of 20 MPH. The display panel has adjustable backlight brightness from 1-5 levels. In addition, the upgraded LCD Display provides riding data support, such as ODO/MAX/AVG SPEED, PAS mode can be customized up to 3 modes
- Removable Large Battery: The EB5 e-bike is equipped with a 360Wh battery, which covers a range of up to 25-40 miles per charge for 5-6 hours so that it can meet travel or daily commute needs. Removable battery makes charging more convenient whether you are at home or in the office
- 4 Working Modes: PAS mode will assist you with a moderate amount of power as you pedal the bike, kick in 1-3 levels of pedal assist to suit your needs. In pure electric mode, you can twist the throttle in any increments of power you desire. Pedal mode allows the rider to pedal as an ordinary bike. Booster mode will help you push your EB5 at 4.5-7.5 km/h when uphill, which will save you a lot of efforts
- Riding Comfortably and Handily: The 26" puncture resistant tires are for greater durability. A high-strength front fork suspension, 7-speed gears, dual lights, LCD display, front and rear mechanical disc brakes can bring your riding more comforts, make your e-bike adapted to complex terrains and keep you safe
- Minimalist Appearance & Lightweight Frame: A highly efficient, city style affordable electric bicycle offering minimalist and sleek appearance and only weighs 49.6 lbs. The triangular high-carbon steel frame provides more stability
How the subscription model worked
Zoomo’s offer was built around a subscription rather than an outright sale. TechCrunch’s 2021 reporting described two payment tracks, one for individual delivery workers and one for businesses.
| Feature | Individual rider | Corporate or enterprise partner |
|---|---|---|
| Payment cadence | Weekly subscription (TechCrunch, May 3, 2021) | Monthly subscription (TechCrunch, May 3, 2021) |
| Typical customer | Gig workers, including food-delivery riders | Enterprise delivery operators and fleet managers (Zoomo announcement, March 5, 2021) |
| Partner-linked offers | Discounts tied to Uber Eats and DoorDash partnerships (TechCrunch, May 3, 2021) | Named enterprise customers included Cornucopia, Gorillas, and Just Eat Takeaway (Zoomo announcement, March 5, 2021) |
| Subscription price | Not stated in the 2021 sources | Not stated in the 2021 sources |
The absence of prices matters for a personal-finance reader. The 2021 coverage shows how payments were structured, but not what a rider or business paid in any city, so no cost comparison with buying a bike can be drawn from these sources.
What the subscription bundled
Zoomo described its offer as a full-stack package. The announcement and TechCrunch point to five components:
Rank #2
- 【Excellent Motor Performance】This electric bike is equipped with a high-performance 749W motor(2000W peak) with 2 to 3 speed settings, capable of meeting your daily commuting and off-road riding needs—so you never have to worry about speed
- 【Upgraded Removable Battery】 Powered by a 48V 15Ah removable battery, the ebike can be fully charged in just 6-7 hours and can ride up to 60 miles on a full charge (PAS mode). Depending on weight, the electric dirt bike can ride up to 40 miles in throttle mode and 50-60 miles in PAS mode, making long rides less of a challenge with its impressive range. The removable battery is safe and anti-theft, so you can charge it at home or outdoors without worry
- 【Comfortable Riding Experience】 This fat tire electric bike is equipped with front and rear suspension system, which absorbs most of the bumps and vibrations during riding, providing a more comfortable riding experience and reducing body fatigue.20"x 4" puncture-proof snow tires for electric motorcycle provide a stronger grip, ensuring the vehicle's stability and easily handle any adventure
- 【Safety First】 The electric bike for adults high-brightness front light greatly improves driving visibility, allowing you to see the road clearly even at night. The front and rear mechanical disc brakes are designed to provide controlled braking under normal operating conditions. Riders must inspect and adjust the brakes before the first ride and before each subsequent ride
- 【Personalized Riding】 This ebikes for adults is equipped with professional 7-speed gears and 3 working modes, which can be changed according to different terrains, and can easily pass through city streets, rugged mountains and beaches. The LCD display allows you to easily keep track of your ride data, such as current speed, distance and battery level, so you can customize a ride based on this information
- Vehicles: e-bikes and e-mopeds, plus cargo configurations. TechCrunch named Trailer Trike and Covered Trike setups for enterprise delivery use.
- Servicing: the company said same-day servicing supported its fleet offer.
- Financing: the announcement listed financing as part of the package for businesses.
- Security: anti-theft technology was cited as a differentiator.
- Fleet management: offered to enterprise fleet managers as a platform service.
Zoomo’s chief executive, Mina Nada, explained the logic in the announcement: the first products were built for gig workers, and their demands for quality vehicles, on-demand service, flexible financing, and security features shaped the platform later sold to enterprises.
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The company announcement listed these operating locations at the time:
- Australia: Sydney, Melbourne, and Brisbane.
- United States: San Francisco, Los Angeles, New York, and Philadelphia.
- United Kingdom: London and Liverpool.
TechCrunch described continental Europe and additional US states as intended expansion areas. Those are plans from 2021. The sources do not establish whether Zoomo operates in any of these places today, and a 2021 customer relationship should not be assumed to continue.
Rank #3
- 1000W Motor & Upgraded Display: The EB5 electric bike equipped with a 1000 W peak motor, boosted a top speed of 20 MPH. The display panel has adjustable backlight brightness from 1-5 levels. In addition, the upgraded LCD Display provides riding data support, such as ODO/MAX/AVG SPEED, PAS mode can be customized up to 3 modes
- Removable Large Battery: The EB5 e-bike is equipped with a 360 Wh battery, which covers a range of up to 25-40 miles per charge for 5-6 hours so that it can meet travel or daily commute needs. Removable battery makes charging more convenient whether you are at home or in the office
- 4 Working Modes: PAS mode will assist you with a moderate amount of power as you pedal the bike, kick in 1-3 levels of pedal assist to suit your needs. In pure electric mode, you can twist the throttle in any increments of power you desire. Pedal mode allows the rider to pedal as an ordinary bike. Booster mode will help you push your EB5 at 4.5-7.5 km/h when uphill, which will save you a lot of efforts
- Riding Comfortably and Handily: The 26" puncture resistant tires are for greater durability. A high-strength front fork suspension, 7-speed gears, dual lights, LCD display, front and rear mechanical disc brakes can bring your riding more comforts, make your e-bike adapted to complex terrains and keep you safe
- Minimalist Appearance & Lightweight Frame: A highly efficient, city style affordable electric bicycle offering minimalist and sleek appearance and only weighs 49.6 lbs. The triangular high-carbon steel frame provides more stability
Company-reported scale and figures
- More than 10,000 vehicles globally: a fleet figure Zoomo reported at announcement time in March 2021. It is a company-reported number, not an audited count, and it is not a current fleet size.
- 75 percent potential CO2-emissions reduction: Zoomo attributed this figure to research in its announcement but did not name the original publisher or year. It is an unverified claim that Zoomo cited, not an independently confirmed result.
What has changed since 2021
The most recent Zoomo material used here is dated 2025, and it covers different ground from the 2021 announcement.
Subscription terms in Zoomo’s August 18, 2025 help article
Zoomo’s help article dated August 18, 2025 says a subscription includes a Zoomo bike, a battery with charger, keys, a phone holder, and a lock. It also sets out maintenance and damage responsibilities:
- Monthly maintenance checks are required.
- Normal wear and tear is covered.
- Damage beyond normal use is the rider’s responsibility.
The article does not state a price or the cities where the service is available, and it notes that terms may vary by location or change over time. Because the phone holder and lock are part of the subscription, a rider should not assume they are extra purchases.
Rank #4
- Powerful 750W Peak Motor & 20MPH Speed – This Electric Bike is equipped with a high-torque 750W Peak motor, delivering rapid acceleration and a top speed of 20MPH. Whether you're commuting in the city or enjoying a leisurely ride, this E-Bike ensures a smooth and efficient journey
- Removable 48V 10Ah Battery – Featuring a long-lasting 48V 10Ah removable lithium battery, this Electric Bicycle offers extended ride time and convenient charging. Easily detach the battery for indoor charging and enjoy worry-free travel with reliable power.
- Pedal Assist & Dual Disc Brakes – Customize your ride with pedal assist, allowing you to switch between full electric, assisted pedaling, and manual cycling. The dual disc brakes provide responsive stopping power for enhanced safety in various riding conditions.
- Compact & Foldable Design – This Foldable E-Bike is designed for urban commuters and travelers. Its quick-folding frame makes it easy to store in your car trunk, carry on public transportation, or tuck away in small spaces—perfect for daily commuting and city rides.
- Durable 14" Wheels & Comfortable Ride – The 14-inch wheels offer stability and smooth handling, while the sturdy frame ensures durability. Whether you're navigating city streets or paved paths, this Folding Electric Bike provides a comfortable and reliable riding experience.
Later company announcements
Zoomo’s newsroom index lists announcements through May 2025, including updates involving Uber Eats in France and DoorDash in Toronto. Those entries show that Zoomo kept announcing partnerships after 2021. They do not confirm current service availability or the status of the 2021 customer relationships.
Checklist before comparing a subscription with buying
Because the sources do not give prices or current coverage, a reader comparing a Zoomo-style subscription with buying a bike should confirm the following with the provider directly:
- The all-in monthly or weekly cost, and whether it includes the battery, charger, keys, lock, and phone holder.
- Whether service is offered in your city, and how quickly same-day servicing is available there.
- The maintenance schedule you must follow to keep the subscription valid, such as the required monthly checks.
- How “normal wear and tear” and “damage beyond normal use” are defined, and what you would pay for a repair.
- How long the contract runs, how it ends, and what happens to the vehicle when it does.
What Zoomo said in its March 2021 announcement
Three quotations from the announcement show how the company and its partners framed the round. They are reproduced as published.
Quick Recap
- Jackie Vullinghs, Principal at AirTree Ventures: “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”.
- Mina Nada, Zoomo CEO and co-founder: “We initially built our products to service the demands of gig workers in the food delivery industry. Their expectations for quality commercial vehicles, on demand service, flexible financing and tech enabled security features spurred us to innovate. We’re now seeing enterprises and fleet managers benefiting from the platform we have built. Enterprise fleet managers looking for clean and efficient vehicles are choosing us.”
- Just Eat Takeaway spokesperson: “At Just Eat Takeaway.com, we want to build a sustainable future for food delivery, and are committed to doing our bit to help keep carbon emissions to a minimum, as well as providing an efficient customer experience from order to delivery. E-Vehicles are an integral part of the Scoober model and we are pleased to work in cooperation with Zoomo.”
Sources used
- Zoomo company announcement, March 5, 2021: funding, investors, stated uses of proceeds, customers, quotations, and company-reported figures.
- TechCrunch, Rebecca Bellan, May 3, 2021: reporting on the interim round, subscription structure, 2021 operating footprint, and cargo configurations.
- Zoomo help article, August 18, 2025: current subscription inclusions and maintenance and damage terms, without pricing or regional scope.
- Zoomo newsroom index: dates of later company announcements through May 2025.
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