Cargoroo, known for the yellow electric shared cargo bikes, is going to expand considerably due to the increasing demand for shared cargo bikes from municipalities and users. This applies to Dutch cities as well as other cities in Europe. The shared cargo bikes are an answer to the demand for livable and sustainable cities.
Expansion in Dutch cities
Where there is a decline in other forms of shared mobility, such as in Paris, the demand for cargo bikes is increasing. On March 29, the municipality of Amsterdam announced that a minimum of 2024 shared cargo bikes may be added from the summer of 750, with the option of expanding to 1.250 units. At the moment there are 110 electric shared cargo bikes available in only part of the capital. Also in The Hague, Cargoroo officially heard last week that the number of shared cargo bikes on the street may increase from 200 to 500 cargo bikes.
The e-share cargo bike provider will also start in Rotterdam on 24 April. A total of one hundred electric cargo bikes will be installed at various locations in the port city. With the launch in Rotterdam, the partial carrier has rolled out its service in all G5 cities.
Largest shared cargo bike fleet in Berlin
The sharing concept is also being expanded abroad. There are already more than a hundred electric cargo bikes in Berlin and this will be more than tripled to 350 units. This gives the city the largest shared cargo bike fleet in the world. In 2023, at least 625.000 inner-city car kilometers in Berlin can already be replaced with the number of shared cargo bikes that will be placed on the street. This results in fewer emissions in the city and more public space for everyone.
In addition to this expansion in Germany, Cargoroo has also recently started sharing cargo bikes in France. In Lyon, Cargoroo started this spring with a pilot with a limited number of bicycles. Together with out-of-home operator JCDecaux, Cargoroo can make a strong entry into the French market with this pilot.
Expansion thanks to financing
To realize these expansion plans, Cargoroo recently held a financing round, raising 10 million euros. To accelerate the expansion, a crowdfunding campaign was started last week, in which everyone can become a shareholder cargo roo. An amount of more than 290.000 euros has already been raised. In addition to the crowdfunding campaign, financing has also been issued from Rabobank, which further supports the company's mission.