Cargo bike firm Zedify attracts £5m investment for national rollout

Electric cargo bike provider Zedify has secured £5m in funds to roll out its low carbon service across more of the UK.

The first and last mile delivery firm said this new round of funding would enable it to open new locations including in Manchester and Birmingham and make itself available to 20% of the population.

Zedify relies on cargo bikes in city centres, where LCVs can’t operate as efficiently and create congestion and air pollution.

It started in 2018 and its clients include retail brands, parcel carriers and local independent businesses.

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The company said its own research showed that its service was more than 90% lower in carbon emissions per parcel than urban deliveries by electric vans.

Zedify co-founder and CEO Rob King said: “Zedify’s model delivers tangible benefits- significant carbon reduction in the last mile; a fairer system for workers which counteracts the gig economy; cleaner, safer deliveries that contribute to healthier, more liveable cities; and more choice for consumers about how and when they receive their parcels.”

The post Cargo bike firm Zedify attracts £5m investment for national rollout appeared first on Motor Transport.

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