Australian electric motorcycle startup Bolt Bikes has replaced its call to Zoomo after a successful $16 million fundraiser, adding $7 million from Clean Energy Finance Corporation (CEFC).
The corporate intends to use the financing to expand its vertically incorporated style to spaces such as parcels, mail and grocery delivery. According to Mina Nada, managing director, soft electric cars (LEVs), such as electric motorcycles, are the long term of non-public transport.
“We are offering smart application motorcycles through a physical network of service centers and microfinance capabilities, all powered by world-class software. This investment will allow us to expand our diversity of products and physical presence.
“We believe that the world of cycling is in a position of disruption and that in five to ten years, LEV will be the main means of transport. Zoomo is taking the lead in this transformation,” he said.
Ian Learmonth, CEO of CEFC, says the electrification of Australian light cars is to achieve emissions relief goals and that the progression of technologies, systems and policies for sustainable urban transport is essential.
“Light electric cars (LEV) are expected to lead the emission reduction rate, and two- and three-wheel electric cars are expected to emit more carbon than standard/four-wheel electric cars until 2040.
“Quick-design innovations mean light vehicles outperform cars and vans to deliver food, mail, packages and groceries, even in miles,” he said.
Zoomo plans to expand its operations in Melbourne and launch a new base in Brisbane, as well as its presence in the United States with the expansion of its site in New York and a new facility in Los Angeles.
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