Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, July 12 2022 - 13:59
SG Fleet and Zoomo Announce Partnership to Put More EVs in Commercial Fleets
SYDNEY, July 12, 2022 /PRNewswire-AsiaNet/ --

The partnership will enable Zoomo to electrify fleets via SG Fleet's 
comprehensive network of customers in new segments, such as parcel delivery and 
inner-city logistics

It will also mark the beginning of the development of a novated leasing program 
for light electric vehicles

Zoomo, the world leader for light electric last-mile delivery vehicles, and SG 
Fleet (ASX: SGF), Australia's leading provider of integrated mobility 
solutions, announced the benefits and business opportunities that will be made 
available through their partnership. Today's announcement supports Zoomo's 
mission to put more light electric vehicles on our roads with the support of SG 
Fleet's expansive network and industry expertise.

Zoomo's recent USD $20 million addition to its Series B funding round saw SG 
Fleet join as a new strategic investor. Both Zoomo and SG Fleet share a similar 
vision of providing efficient and sustainable vehicles to help individuals and 
businesses reduce the impact of their emissions on the environment.

Customer conversations regarding light electric vehicles are increasing as 
organisations explore different mobility options. This trend underscores the 
business opportunity for sustainable vehicles in fleets.

The partnership will see a number of beneficial initiatives implemented across 
Australia and the United Kingdom.

Expanded Customer Network and Offering

The partnership with Zoomo and SG Fleet will enable fleets to expand and 
electrify in the parcel delivery segment.

Specifically, Zoomo and SG Fleet are partnering on a go-to-market strategy that 
will see Zoomo e-bikes offered to SG Fleet's existing customer base to further 
broaden its range of electric solutions. This is particularly appealing to 
customers seeking more sustainable, commercially viable solutions for 
increasingly critical last-mile deliveries.

Furthermore, the partnership offers collaborative R&D opportunities for both 
parties. Zoomo will gain insights into fleet management knowledge and 
processes, while SG Fleet will benefit from Zoomo's expertise in e-bike 
management and access to their network of maintenance suppliers.

With over 30 years of industry-leading experience, SG Fleet boasts an 
impressive customer base, including Government, Corporate and University Campus 

Novated Leasing

Through the partnership, SG Fleet will enable Zoomo to offer its fleet of 
e-bikes via novated leasing or salary packaging schemes. These financial 
arrangements deduct lease payments for a vehicle from pre-tax salaries to 
provide a significant tax benefit to employees of participating companies.

By entering this highly attractive market, Zoomo further makes e-bikes more 
accessible to all.

Robbie Blau, CEO, SG Fleet, said: "This is an important investment for SG 
Fleet. We're excited to work collaboratively with Zoomo in this arena that will 
allow us to deliver light electric vehicles as a viable, sustainable mobility 
alternative to enhance our customers' fleets."

Mina Nada, Co-Founder and CEO, Zoomo, said: "We are proud to partner with a 
leading Australian company like SG Fleet to help consumers and enterprises 
reduce the environmental impact of their transport.

"Light electric vehicles are the heart of our business and offer transformative 
growth. Our expertise in this space builds a strong platform for SG Fleet's 
customer offering. We see immense potential in offering SG Fleet's customers 
access to cleaner, more commercially viable solutions for last-mile delivery."

Lincoln De Kalb, Group Product Development Manager, Future Mobility, SG Fleet, 
said: "Light electric vehicles are another tool companies can use on their path 
to reducing their transport carbon emissions. It doesn't always make sense to 
use a 1.5t vehicle for a particular journey if other cheaper and less 
carbon-intensive alternatives are available, such as e-bikes."

About Zoomo

Zoomo is a full-service utility micromobility platform founded by Mina Nada and 
Michael Johnson, with the mission of turning the world's fleets electric using 
e-bikes. Zoomo's vertically integrated platform encompasses custom heavy duty 
e-bikes, a physical servicing and maintenance network, a software platform for 
efficient vehicle management, and a finance offering. Zoomo currently operates 
in Australia, the United States, Canada, the United Kingdom and Europe.

About SG Fleet

SG Fleet Group Limited is a leading provider of integrated mobility solutions, 
including fleet management, vehicle leasing and salary packaging services. SG 
Fleet has a presence across Australia, as well as in New Zealand and the United 
Kingdom. The company employs approximately 1,100 staff and has over 250,000 
vehicles under management. SG Fleet listed on the Australian Securities 
Exchange in March 2014.