Onomotion raises €21 million to expand e-cargo bike urban logistics business

Berlin-based Onomotion has come up with a scalable way to do micromobility-powered urban logistics — cargo e-bikes with built-in cover from the elements and attachable containers. Today, Onomotion has a couple 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 thousands of vehicles across Europe and North America.
Onomotion just closed its Series A, with €6 million ($6.3 million) in equity and €15 million ($15.7 million) in debt. The equity comes from Proeza Ventures, Zu na mi GmbH, the

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