ONE MOTO, a London-based electric mobility and last-mile delivery startup, has secured 123 million pounds ($150 million) in a funding round.
ONE MOTO will use the funds to finance vehicles across the UK and lead the decarbonization of the country’s last-mile delivery and gig economy industry.
Additionally, the company will also use the capital raised from the round to deploy up to thirty thousand electric vehicles across the UK in the first half of 2023.
Furthermore, the firm will also use the money for the reduction of 168,000 tonnes of carbon dioxide each year as well as a 50 percent drop in the production of harmful pollutants as a result of petrol vehicles.