Zedify Secures £4 Million for Sustainable Delivery Expansion
Zedify, an innovative provider of a cargo bike delivery network based in Cambridge, UK, has successfully raised £4 million in funding. This substantial investment round saw participation from several notable backers, including Barclays Sustainable Impact Capital, Mercia Ventures, Midlands Engine Investment Fund (MEIF), and Green Angel Syndicate. The company is poised to utilize these funds strategically to fuel its expansion efforts across various cities in the UK, marking a significant step in its mission to promote sustainable delivery solutions that align with the growing demand for eco-friendly logistics.
Under the leadership of CEO Rob King, Zedify is currently operational in several major cities, including Brighton, Bristol, Cambridge, London, Manchester, Norwich, Plymouth, Edinburgh, and Glasgow.
With ambitious plans to launch a new hub in the Midlands later this year, the company aims to enhance its technology infrastructure while simultaneously increasing its workforce. The funds raised will enable Zedify to expand its teams of riders as well as strengthen its sales and customer care staff, all crucial for delivering on the company’s commitment to providing efficient and sustainable delivery services.
In addition to its expansion plans, Zedify anticipates creating approximately 80 new jobs, including 20 positions within the new Midlands hub alone. This growth is projected to contribute significantly to the company's overall performance, with expectations to triple its turnover within the next year. As Zedify sets its sights on operating in 51 UK towns and cities over the next five years, the company not only aims to revolutionize the delivery industry but also to play a pivotal role in promoting greener urban transportation solutions across the nation.
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