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Venture Capital News: Whizz Scoops Up $3.4M Seed Round

2023-04-13
NEW YORK, NY, Whizz, an e-bike subscription platform for last-mile delivery drivers, has raised $3.4 million from Joint Journey, TMT Investments and a group of angel investors in a Seed Round of funding.
The investment brings the company's total fundraising to date to $4.5M. The funds will be used to fuel the company's explosive growth; intensively upgrade the Whizz Automation Platform, its one-of-a-kind ERP system for business process automation; and set up new locations in New York equipped with lounge zones, bike maintenance and repair stations, and overnight storage facilities.

Founded in 2021, Whizz is an e-bike subscription platform that offers long-range e-bikes, on-demand maintenance and same-day replacements for last-mile delivery drivers powered by its unique Whizz Automation Platform. The company operates in New York and works with drivers from the biggest names in last-mile delivery such as Uber Eats, Doordash and Grubhub.
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