Through the Clean Energy Innovation Fund, the CEFC has invested $9.2 million in Zoomo, through two successful capital raisings which seen the company raised $34 million in two years. The Australian born e-bike innovator has attracted investment support from the CEFC alongside AirTree Ventures, Maniv Mobility and Contrarian Ventures, and secured international capital from US investors Winthrop Square and Wisdom VC.
The Zoomo e-bike has an innovative design and integration system which enables couriers to deliver packages with a smaller carbon footprint compared with deliveries made via delivery cars and vans which use internal combustion engines.
