Zoomo raises $12 million to bolster ‘e-bikes for businesses’ model

May 4, 2021

The newest round of funding follows an $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26 million in the past 24 months. Zoomo will use the funds to invest in the development and production of the brand’s next-generation vehicle offerings as well as supporting global expansion to satisfy customer demand. Bikebiz