Onomotion raises millions for expansion

BERLIN, Germany – Urban logistics e-cargobike manufacturer, Onomotion, has closed its Series A with €6 million in equity and €15 million in debt. “We will use the debt to build more vehicles and scale our operations,” said co-founder and CEO, Beres Seelbach.

In October 2022, e-cargobike maker

Onomotion moved into its new headquarters in Berlin, Germany. The company’s production facilities are also housed here. Onomotion developed a pedal-assisted transporter (PAT) with a fully modular platform. It offers various interchangeable module units. Today, Onomotion has a couple of hundred vehicles on the road in Germany with logistics partners like UPS, DPD and Hermes. Over the next few years, the company wants to expand to several thousand vehicles across Europe and North America.

“We want to go to international markets in Europe like Paris or Brussels and then to North America, United States and Canada,” said

Seelbach. Onomotion’s vehicle-as-a-service business model involves customers paying a monthly fee for vehicles, containers, chargers, maintenance, and servicing. The startup also offers a fleet management programme and provides over-the-air software updates. The latest funding comes as more cities and logistics companies move toward finding both more sustainable and efficient solutions for delivering packages in dense urban centres. The equity comes from Proeza Ventures, zu na mi GmbH, the European Innovation Council and existing investors, and the debt, in the form of a bond, is operated by GLS Bank.