GoMetro Secures £9 Million Funding From Zenobē, FutureGrowth And Existing Investors
GoMetro Secures £9 Million Funding From Zenobē, FutureGrowth And Existing Investors. GoMetro is proud to announce the successful completion of a £9 million Series A funding round. The round was led by new investor Zenobē, with significant participation by FutureGrowth Asset Managers. Following-on in the Series A round were existing investors 4 Decades Capital, Hlayisani Capital, Tritech Global, Kalon Venture Partners, ESquared Ventures and Greg Fury.
The infusion of capital will serve as a catalyst for GoMetro’s mission to digitise heavy duty commercial transport operations and further develop its state-of-the-art fleet management platform in its key markets of the United Kingdom, EU, USA and South Africa.
Fleet owners operate in a highly competitive space in both the bus and truck sector. The risk of losing market share to competitors who are rapidly adopting technology solutions can be minimised if fleet operators can position their operations for growth and stay competitive in the ever-changing market.
“Embracing data-driven decision-making systems that empower operators to better manage fleet utilisation, optimise resources, reduce risk and enhance customer satisfaction can be a real competitive edge that catapults transport companies beyond the reach of their competitors,” states GoMetro founder, Justin Coetzee.
The landscape of heavy goods vehicle electrification is undergoing rapid evolution, marked by the emergence of electric vehicle (EV) models in big bus and truck models, championed by Original Equipment Manufacturers (OEMs) such as BYD, Yutong, Higer, Renault, Volvo, and Scania. This is true for both electric buses and commercial truck models.
GoMetro’s Bridge is a cloud-based platform that manages the data streams required for successful electrification of buses and trucks. With GoMetro Bridge, users gain access to a wide range of telematics-driven features specifically designed to support their transition to all-electric fleets – using their own telematics data to provide an assessment of the fit to expected EV adoption scenarios for a fleet owner.
GoMetro aims to use this funding to strengthen its software platform to provide fleet operators with even more robust tools for managing and optimising all-electric fleets. This includes refining existing features and introducing new functionalities that align with the evolving needs of the industry, as well as expanding the number of devices supported on GoMetro Bridge.
Zenobē Energy, an EV fleet and grid-scale battery storage specialist headquartered in the UK, brings a wealth of experience and strategic value to this investment. With a global footprint, Zenobē currently supports over 1,000 electric buses, trucks, and commercial vehicles. The company is committed to supporting 4,000 electric vehicles on the road by 2026.
