Zeelo raises $12M for expansion after 600% growth during the pandemic
Massive news from the team at Zeelo today! The company has raised $12 million and recorded 600% revenue growth over the past 18-months.
The team will use the investment to accelerate its expansion in the US, Europe, and Africa, develop its SaaS technology offering, and the continued rollout of fully electric bus shuttle programs.
Impressively, over the course of the last year, Zeelo has reached regional profitability by supporting companies in logistics and manufacturing industries and post-pandemic hybrid workplaces and schools, enabling access for people in car-dependent areas to reach work and education by sustainable transportation.
As Patrick Sheehan, Managing Partner at ETF Partners, articulated: “Zeelo’s focus on public transport deserts directly tackles the issues of car-dependency, transport emissions, and social mobility. The growth of the business during the pandemic has been extraordinary, and we are delighted to continue to support the business. The world needs more affordable and sustainable mass transit – Zeelo is defining the category.”
Congratulations to Sam Ryan, Barney Williams, and the entire Zeelo team on this fantastic achievement!
Full release HERE.