Provider of first and last-mile cargo bike delivery operations across the UK, Zedify, has secured £300,000 from private investors to improve its technology platform and expand capacity.
This commitment from the group of private investors, lead by Green Angel Syndicate (GAS), signals the huge market potential for efficient, consolidated first and last-mile urban deliveries, Zedify said. Antoine Pradayrol, Director and Analyst at GAS, has joined the Zedify board as Investment Director.
“Zedify is tackling a very serious problem, air pollution and carbon emissions in cities, in a huge, fast-growing market – local deliveries,” he commented. “The company has developed an efficient and differentiated solution, combining electric trikes and local depots. Zedify already shows serious traction and its franchise model will enable for rapid growth.
“I am really humbled and excited by this opportunity to support Rob, Sam and the team, who combine a great sense of purpose and a very successful track record in the market.”
Co-founders Rob King and Sam Keam have over 20 years of combined experience in zero-emission logistics and founded Zedify in 2018. Zedify was created to offer a solution to the growing problem of delivering in urban areas, as well as tackle the challenges of congestion, air pollution, climate change and liveable streets.
The funding will be used to improve Zedify’s technology platform and enable its depots to optimise and manage first and last-mile deliveries efficiently as volumes grow across the group.
The firm will also expand the capacity of its team with new hires in sales, marketing and operations to accelerate the growth of the national network and support plans for up to 20 depots to be operational by 2022, up from eight at present.
Keam said: “We are thrilled to have won the trust and confidence of GAS and other investors, and are buoyed by the ever-growing potential for our unique model of smart, consolidated urban deliveries. This funding will unlock our ambitious plans for innovation and growth as we continue to demonstrate how deliveries, when done well, can contribute positively to the communities we serve.”