Business
E-bike start-up in the money as clean energy fund leads $16m round – The Australian Financial Review
Aussie e-bike company Bolt rebranded as Zoomo after raising funds from the Clean Energy Finance Corporation to take its courier delivery model global.
“Our model is based on three pillars: all-in service with a network of shops, a suite of smart e-bikes to fit different use cases and flexible pricing plans … We need to invest not only in more and smarter bikes but also in the service network and technology,” he said.
“A critical aspect of the funding for us was securing debt from large institutions such as Viola Credit and One Ventures. This means we will have scalable debt capital to fund the business’ growth even beyond what has been comm…
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