Cargoroo operates a fleet of e-cargo sharing bikes that are available at fixed locations and rented via a mobile app. Users pay per use at a rate of €0.10 per minute. The service targets occasional cargo-bike users such as parents, people moving large items, and students. Cargoroo says its user base has grown threefold over the past year and that together these users covered a distance of over 1,500,000M kilometres. The company plans to introduce a subscription model to better serve customers, reward loyalty, and encourage off-peak usage. Cargoroo is present in Amsterdam, Utrecht, Den Haag, Arnhem, Nijmegen, Antwerpen, Leuven, Mechelen, Manchester, Berlin, and Eindhoven and recently raised funds to support further expansion. Cargoroo operates a shared electric cargo-bike service aimed at urban neighbourhoods and shopping streets. The company is based in Amsterdam and is led by CEO Erik de Winter. Its service is available in multiple Dutch cities including Eindhoven, Amsterdam, Utrecht, The Hague, Nijmegen, and Arnhem, as well as Antwerp in Belgium and Berlin in Germany, with plans to enter Lyon, France. Cargoroo offers on-street shared electric cargo bikes for local trips and deliveries. The company raised €10m in funding to support expansion. Management intends to use the proceeds to grow operations and broaden its geographic reach across the Netherlands, France, Belgium, and Germany.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2023