Cargo bike logistics firm Zedify raises £1.2m in expansion cash

Sustainable delivery firm Zedify has raised £1.2 million in investment cash to drive forward its inner city cargo bike delivery business.

In a round led by the Green Angel Syndicate, an investment group with a focus on climate positive businesses, the cash will see Zedify expand beyond its current nine city foothold. The business has excelled at increasing efficiency and decreasing costs versus traditional vans in logistics thanks to its nimble cargo bike fleet.

The investment round is the second from the Green Angel Syndicate, which first placed its faith in the business in 2020. Since that time the business has delivered over 800,000 packages, theoretically saving 550 tonnes of co2 from entering the atmosphere. The firm has also increased its capacity in London, opened in Bristol, tripled its annualised run rate and been gonged as “Urban Delivery Operator of the Year” at the Motor Transport Awards.

Zedify’s CEO and Co-founder, Rob King said: “We are honoured and delighted by the latest raise for Zedify which will enable us to continue our ambitious growth plans to expand our sustainable and ethical delivery service. The investment is another indicator of the huge potential for revolutionising the way deliveries are done in cities. We must act quickly in the UK if we’re to make good our net zero goals and give all city dwellers the clean air and liveable cities they deserve.”

Cam Ross, CEO of GAS said: “We first invested in Zedify in 2020, and it was evident then that Rob and Sam and their teams were building something special. Zedify’s model is terrific – not only do they improve air quality and reduce CO2 emissions in city centres, but their operation can be deployed quickly into new cities. I am really looking forward to seeing which cities are next!”

The roadmap for the future now forecasts the opening of over 45 hubs to act as distribution from the highways into the cities. The funding will also develop the firm’s technology to promote efficiency, plus gather new partnerships nationally.

Analysts foresee cargo bikes becoming big business as a result of courier firms adapting their inner city deliveries with smaller, more efficient and cost effective vehicles. DHL and Asda are among those currently trialing fleets.