Revisiting the Exploding demand for Delivery Worker Micromobility with Mina Nada of Zoomo

Oliver Bruce
Podcast
February 2, 2022

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This week Oliver interviews Mina Nada, CEO of Zoomo (formerly Bolt Bikes,featured on episode 66), about their business leasing ebikes to deliverygig workers like UberEATS/Deliveroo/DoorDash in the UK, US and Australia.The business has massively expanded in the last 18 months, and Mina hasmanaged to drive a lot of that growth remotely while he’s been locked downin Australia. It’s an awesome story - don’t miss it.Specifically, they dig into:- for the uninitiated, a brief background on the story of Bolt Bikes andnow Zoomo, and why electric bikes are compelling for delivery/B2B.- Where they’ve seen the most growth in the last 18 months.- Zoomo works directly with the delivery companies, so we unpack howintegrated into their signup flow the company can you be.- Zoomo have started releasing their own hardware, so they unpack moreabout the vehicles and what they’ve learnt in doing that.- On episode 66, Mina indicated he had no interest in going for consumers.They explore whether that view has changed at all.- You've raised a few rounds of funding since the last conversation. Theytalk about the fundraising landscape and what has/has not changed.- One thing that the MM team was massively impressed by in the firstinterview was Zoomo’s capacity to raise debt funding - felt like a realstrategic advantage relative to other companies in the space and it's stillrelativley uncommon. They unpack why it’s still uncommon and who is doingit well/what needs to happen to make it common.It was a great discussion - well worth listening to!

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