This investment will allow Zedify to expand into more UK cities, including launching a new Midlands hub in October. The company also plans to enhance its technology and significantly increase its teams of riders, sales, and customer care staff. Zedify aims to create 80 new jobs, with 20 in the new Midlands hub, and to triple its turnover in the coming year.

Founded in 2018, Zedify partners with major retail brands like Zara, parcel carriers, and independent businesses to offer sustainable last-mile deliveries using cargo bikes, which reduce CO2e emissions by over 80% per kilometre compared to electric vans.

Currently operating in Brighton, Bristol, Cambridge, Edinburgh, Glasgow, London, Manchester, Norwich, and Plymouth, Zedify plans to expand to 51 UK towns and cities within five years.

This funding round follows a £5 million investment from Barclays, Mercia, and Green Angel in March 2023. Since then, Zedify has nearly doubled its team from 113 to 209 and added national brands such as Hello Fresh, Selfridges, and Veja to its client list.

Rob King, Co-Founder and CEO of Zedify, comments: “We are seeing a real appetite from leading retail brands and UK-wide businesses looking to transform their last mile logistics and invest in more sustainable delivery models, which is why we have ambitious plans to triple in size this year. This investment will be paramount to that growth, helping us scale to meet the needs of our rapidly expanding customer base.”

Gavin Chapman, Co-Head of Principal Investments at Barclays said: “The transition to net zero emission for many sectors is not as simple as swapping from high-emitting fuels to renewables, and this is particularly true of the logistics industry. Zedify have identified that hyper-local delivery models are needed, in combination with low-carbon transport, in order to decarbonise the industry, reducing pollution within the UK’s cities.”

Ruth Coleman from Mercia Ventures added: “Zedify is making last-mile delivery more sustainable. Its business model – which includes its own zero-emission bikes, hyperlocal microhubs and its unique technology – helps to set it apart from competitors and ensure high levels of customer satisfaction. This latest funding will enable it to continue its rapid growth.”

The Midlands Engine Investment Fund is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.