With $11 million in fresh capital, Bolt Bikes rebrands to Zoomo

With $11 million in fresh capital, Bolt Bikes rebrands to Zoomo

Bolt Bikes, the electrical bike platform marketed to gig economy delivery employees, has a new name and a fresh injection of $11 million in capital from a Series A funding round led by Australian Clean Energy Financing Corporation. The round also included equity from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, together […] “When we set up Bolt back in 2017, the name was fine in Australia, but as we have actually gone international we’ve come up against at least three other business called Bolt, 2 of them in the movement space,” Nada explained. On-demand transport business Taxify rebranded as Bolt in May 2020. Zoomo, which has operations in Australia, the U.K., New York and soon in Los Angeles, sells its electrical bikes or offers them as a subscription. …