Zedify, a Cambridge, UK-based electrical cargo bike supply community, raised £5M in funding.
The spherical was led by Barclays Sustainable Affect Capital and MEIF Proof of Idea & Early Stage Fund, which is managed by Mercia and a part of the Midlands Engine Funding Fund, with participation from current investor Inexperienced Angel Syndicate.
The corporate intends to make use of the funds to to roll out the service to extra areas together with Birmingham and Manchester and greater than double in measurement with the creation of over 120 jobs nationwide together with 20 within the Midlands. The corporate additionally plans to maneuver it headquarters to Birmingham.
Based in 2018 by Rob King, and Sam Keam, Zedify operates ‘microhubs’ on the sting of metropolis centres the place parcels are consolidated for onward supply. It additionally has its personal fleet of electrical cargo bikes and its personal expertise platform which presents shoppers a selection about once they obtain deliveries and optimises for probably the most cost-effective and low-impact routes.
The corporate works in partnerships with main nationwide supply corporations in addition to massive retail manufacturers and a whole lot of regional and native companies.
FinSMEs
17/03/2023
