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Amsterdam-based Cargoroo, a shared electric cargo bikes provider, announced on Friday, June 2, that it has secured €1.1M in a crowdfunding campaign on the Oneplanetcrowd platform from 543 funders.
The Dutch company launched the campaign with a target of raising €2M.
Cargoroo says it will use the funds to expand and grow to new German and Belgian cities.
In December 2022, the Amsterdam startup raised €10M from Participatiefonds Duurzame Economie Noord-Holland (PDENH), The Sharing Group, Fairtree Elevant Ventures, and others.