Zoomo, an Australian startup that builds utility e-bikes for delivery workers, has raised an additional $20 million in equity to close out its Series B round.
In November, the company raised $60 million in equity and debt for its Series B, which it used to fund further software development and more vehicles to expand. The additional funds, which bring Zoomo’s total funding up to $101.5 million, will be used for much of the same purpose, specifically hiring more team members globally and investing into further fleet and vehicle management offerings for both mechanics and customers, as well as developing an end rider app, Mina Nada, co-founder and CEO at Zoomo, told TechCrunch.
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