Zoba, the Global Leader in Micromobility Fleet Optimization, Closes Its $12m Series A Funding Round Led by NTTVC
Summary
Zoba’s unique fleet optimization solution enables urban mobility providers to increase ridership, reduce operational costs, and be better partners to the communities they serve BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- , the world leader in fleet optimization solutions for micromobility, urban mobility, and delivery providers, today announced it has closed a $12M Series A round of funding led by NTTVC, with significant participation from existing investor CRV. These funds will be used to build the company’s go-to-market efforts (including sales, marketing, and customer success) in both the US and Europe while also significantly expanding its engineering and data science capabilities in the US. “Zoba is truly unique in this market, in that they’ve spent a lot of time thinking about the industry’s problems, then building a new solution from the ground up to address fleet optimization,” said Brandon Mah, SVP of Operations at Spin. The company’s API-first platform powers fleet rebalancing, driver tasking and routing, and dynamic pricing for the world’s top mobility operators in over 150 cities around the globe. With its $500M inaugural fund, the firm invests broadly in technology startups of all stages and sectors, with an emphasis on the future of enterprise, digital health, and innovations powered by AI, machine learning, and data.