The One Planet Capital EIS Fund is lining up an investment into Zedify, a zero-emissions delivery company utilising electric cargo bikes.
The One Planet Capital EIS focuses on companies in the emerging green economy and Zedify’s solution to urban deliveries will compliment existing holdings in the portfolio.
Zedify are providing a measurable positive impact on the environment by reducing the use of polluting diesel vans and improving the air quality in urban centres.
According to One Planet Capital, Zedify are operating in a market worth £3.9 billion that will welcome such solutions as councils push to reduce traffic and congestion.
New delivery services have popped up during the pandemic but the ‘cargo’ tends to be food, either groceries or takeways.
Zedify are applying this concept to larger deliver of goods offering an alternative to couriers with services such as next day delivery and collections from businesses.
The company is currently operating in the UK, however, there will be the opportunity to expand into Europe in the future.
Zedify are raising £1.2m in total with a pre-money valuation of £5m.