Zeelo Secures $23 Million in Series B Funding to Expand Sustainable Transportation Solutions
Zeelo, a leading provider of Transportation-as-a-Service (TaaS) for employers and schools, has successfully closed a $23 million Series B funding round. The round was led by impact investor Blue Earth Capital, with participation from existing investors including Direttissima Growth Partners and Peter Bauer’s family office.
This new funding will enable Zeelo to strengthen its market leadership in the UK and Ireland, accelerate commercial growth in North America, enhance its proprietary AI-powered transport management platform, and pursue strategic mergers and acquisitions (M&A) following its successful acquisition of UK competitor Kura in 2024.
Driving Sustainable Mobility with AI-Powered Technology
Zeelo’s platform focuses on providing daily commuter transportation services, which help reduce employee turnover and carbon emissions. The company leverages a network of over 650 vetted third-party operator partners and more than 10,000 vehicles.
Trusted by major employers such as Amazon, Barclays, and UPS, Zeelo has achieved an impressive 175% year-on-year revenue growth in North America, in addition to profitability in its core UK & Ireland market.
At the heart of Zeelo’s service is its AI-powered virtual transportation management platform, which automates route design, incident management, and customer support, leading to enhanced operational efficiency, reduced costs, and an improved customer experience.
Zeelo’s "human-centric" AI approach ensures that technology complements both riders and operations teams without sacrificing the personal touch that is integral to its high service standards.
Empowering Opportunity and Reducing Emissions
Sam Ryan, Co-Founder & CEO of Zeelo, said, “Our mission is to empower opportunity through sustainable transportation. With this new investment, we’re scaling our impact – delivering inclusive mobility programs that not only reduce CO₂ emissions and car dependency, but also connect people to work and education in areas not served by public transit.”
He added, “Our proprietary tech platform and AI-powered operations are driving incredible ROI for customers, while our team continues to raise the bar for service quality. This capital gives us the resources to further integrate with industry partners, including operators, electric and autonomous vehicle providers, and to strengthen our market presence through focused go-to-market and acquisition strategies.”
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Expanding Market Presence and Building Strategic Partnerships
Zeelo’s vertically integrated model combines TaaS software, professional fleet partnerships, and virtual operations centers, supporting various transportation needs such as daily commuting, school runs, campus shuttles, and corporate events.
The company is investing heavily in the motorcoach industry by partnering with local operators to digitize, optimize, and electrify their offerings.
The new funding will allow Zeelo to further integrate with industry partners, including electric and autonomous vehicle providers, and strengthen its market presence through targeted go-to-market strategies and acquisitions.
