The rapid delivery market (<30 minutes) is growing continuously worldwide and Zoomo is aware of this and wants to reach as many customers as possible.

To do this, the company gathered €20 million funds from investors like Collaborative Fund, Mitsubishi UFJ and Akuna Capital, according to tech.eu.

The money will be used mainly to develop new technologies, like new electric vehicles and next-generation software.

At the same time, Zoomo wants to use some of the money to extend in new cities and countries so they can reach new potential customers and create job opportunities at the same time.

The company is present so far in 16 cities and six countries and its products are available to gig-workers and companies that operate on a fleet level.

In 2021 alone, Zoomo was able to grow four times globally and to extend in three new countries.

Mina Nada, co-founder and CEO of Zoomo stated that "2021 was a transformative year for Zoomo, as we saw enterprises and fleet managers, in addition to gig-workers, benefit from our innovative platform. 2022 is the year we take the business up a gear. The series B+ surplus funding will enable us to grow more aggressively across the globe, and ultimately put more efficient, safe and clean transport solutions on our roads."

Zoomo's e-bikes and e-mopeds are available to get for a weekly fee and they offer, beside the last-mile delivery vehicle, a wide range of services such as repairs and theft protection.