Last-mile electric vehicle startup Zoomo revealed today that it has raised $60 million in new funding to accelerate its goal to transition every urban delivery mile to light electric vehicles.

Grok Ventures led the Series B round. Also participating in the round were Skip Capital, ArcTern, AirTree Ventures, Clean Energy Finance Corporation, Viola Group, Contrarian Ventures and Maniv Mobility. Grok and Skip Capital are venture capital firms run by Atlassian Corp. PLC founders Mike Cannon-Brookes and Scott Farquhar respectively.

Founded in 2017, the Australian-based startup is best known as a provider of electric bikes accessed via subscription models. The core business of the company is to help gig workers in the goods delivery industry. That said, Zoomo has broader ambitions, including the provision of e-mopeds and e-cargo delivery options, part of what the new venture capital funding will be used to develop.

Zoomo pitches itself as the world’s leader in light electric vehicles and after-market servicing, built on the experience of thousands of delivery riders. The company’s bikes are built for durability and performance with Zoomo also offering flexible financing to allow riders to access what they claim are “the best light electric vehicles on the market.”

The company claims that the efficiency afforded by light and agile vehicles means the industry can fundamentally reimagine how mobility looks in major cities, particularly the rapidly growing delivery sector. In addition, Zoomo claims that it enables the next wave of on-demand delivery while reducing city congestion.

With an emphasis on e-bikes and e-cargo, it comes as no surprise that Zoomo has a strong environmental bent. Zoomo claims that its goal of electrifying commercial delivery fleets is a critical step in meeting emissions reduction targets on a path to net-zero emissions.

“If we want to decarbonize our world, transportation needs to change,” Cannon-Brookes, principal at Grok Ventures and the owner of Australia’s most expensive house, said in a statement. “Zoomo is an incredible Aussie startup taking this on. They’re greening delivery and transforming logistics on a global scale.”

Including the new funding, Zoomo has raised $85.5 million to date, according to data from Crunchbase.

Photo: Zoomo