Money Magazine

Electric bikes deliver the goods

When Mina Nada moved to Singapore five years ago, he got around on shared electric bikes. Locals had already taken to them in a big way, and he quickly realised they were faster than an Uber and cheaper than a bus ticket. “They were fun, and good for my health,” he says. Perhaps they could also be used for deliveries? Nada was working for Deliveroo in Sydney, but back then only a few people were using electric bikes commercially because they were expensive. Could he change that?

Putting two and two together and committing plenty of long hours, Nada and a former work colleague at management consultant Bain, Michael Johnson, came up with Zoomo. “We wanted a solution that was better than delivery riders already had,” he explains. “I went to all the bike conferences in Asia and Europe,

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine2 min read
Leaving A Home At Frame Stage Is A Terrible Idea
Q I find myself in a challenging situation after a builder insolvency. I received $150,000 from the building indemnity insurance, which is in my bank account earning 4.5%. The home is at the frame stage, but an additional $250,000 (the $150,000 build
Money Magazine1 min read
3 Funds To Watch
Gives investors exposure to the underlying returns of some of the world's highest quality real estate assets through a portfolio of global REITs and property companies. The fund aims to provide both income and capital growth over the long term. It is
Money Magazine1 min read
Shares
▶ MORE SHARES STORIES ON P78-85 Shareholders are increasingly objecting to what they regard as company executives’ inflated pay packets. Strikes against executive salaries among the 300 largest companies listed on the Australian SecuritiesExchange (A

Related