Zedify, the UK’s largest electric freight bike delivery network, has gone into administration, resulting in the loss of over 100 jobs.
Zedify, founded in 2015, provides zero-emission last-mile logistics services to businesses such as high-street stores, package carriers, and independent businesses.
The investment came after Zedify received a £5 million funding round in March 2023 from the same investors, including Barclays Sustainable Impact Capital and Mercia, which enabled the company to grow from 113 to 209 people and sign sponsors such as Hello Fresh, Selfridges and Veja.
However, despite increased demand for sustainable delivery services, the company was unable to secure enough finance to continue operations. As a result, on…
