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Onomotion receives investment to grow its e-cargo bike urban logistics business
2023-01-10
source own
Germanys Onomotion has received investment of € 21 million euros for its urban logistics e-cargo bike business. In a recent statement CEO and co-founder Beres Seelbach stated “We will use the debt to build more vehicles and scale our operations,”.
Onomotion has put together a scalable way to do micromobility-powered urban logistics — cargo e-bikes with built-in cover from the elements and attachable containers. Today, Onomotion has a couple hundred vehicles on the road in Germany with logistics partners like UPS, DPD and Hermes. Over the next few years, the company wants to expand to several thousands of vehicles across Europe and North America working closely with its Business Partners offering environmental friendly ways of doing urban logistics.
