Electric delivery bike startup Zoomo has cut staffing for the second time in six months, making 27 roles redundant, just weeks after the collapse of major client Milkrun. “Zoomo has made the difficult decision to reduce its overall headcount by 8%. The restructure will accelerate our path to company-wide profitability in 2024,” a statement from… Read more »
Electric delivery bike startup Zoomo has raised an extra US$20 million (A$28m) just three months after bagging $80 million in a Series B. The B+ raise was led by new investor New York VC Collaborative Fund, joined by strategic investors MUFG Innovation Partners, the VC arm of Mitsubishi UFJ; local mobility solutions company SG Fleet;… Read more »
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar have backed electric delivery bike startup Zoomo in an A$80 million series B. The round was led by Grok Ventures, Cannon-Brookes’ family VC, supported by Farquhar’s private VC, Skip Capital and ArcTern Ventures. Existing investors, AirTree Ventures, the Clean Energy Finance Corporation (CEFC), Contrarian Ventures and Maniv Mobility also participated in the round.… Read more »
Australian e-bike venture Zoomo has raised $16 million in a fresh round just eight months after a $16 million series A. The new raise, led by AirTree Ventures as a new investor, also saw existing backers the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures. Cleantech-focused US investors Winthrop Square and Wisdom VC… Read more »
An e-bike subscription venture founded by a former Deliveroo executive and a Bain & Co consultant has raised $16 million, with the government owned Clean Energy Finance Corporation (CEFC) tipping in $7 million towards the startup’s expansion in Australian and overseas. Hana Ventures, Maniv Mobility and Contrarian Ventures also took equity stakes in Bolt Bikes,… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Breakthrough Victoria pivots with $7.5 million startup fellowship program to create 50 startups 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
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