Bzzt
A popular company with electric taxi pods, decent driver salaries and super cheap prices.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 9.0x EV/Revenue | round | |
* | SEK23.3m Valuation: SEK23.3m 3.0x EV/Revenue | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (8 %) | (6 %) | 19 % | 34 % | 339 % | 813 % | (55 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (212 %) | (1627 %) | (2768 %) | (493 %) | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (267 %) | (1766 %) | (3282 %) | (3716 %) | (598 %) | 10 % | (386 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Founded in 2014 by Per Nyrenius, Sven Wolf, and Örjan Jansson, Bzzt emerged from Gothenburg, Sweden, with an ambition to redefine urban mobility. Initially conceptualized as a "pod taxi" service, the company deployed a fleet of small, three-wheeled electric vehicles designed for short, inner-city passenger transport. This service, accessible via a mobile application, targeted short-distance journeys where it presented a more cost-effective and environmentally sound alternative to traditional taxis.
The company's trajectory shifted significantly in response to changing market dynamics, particularly the decline in personal transport demand during the Covid-19 pandemic. This pivotal moment led Bzzt to transition its business model towards the last-mile logistics market. The firm now primarily offers fossil-free delivery services, catering to a client base that includes restaurants, food delivery platforms like Foodora and Bolt Food, e-commerce businesses, and other companies requiring urban logistics. Revenue is generated by providing these delivery services as a subcontractor and partner.
A key operational milestone was the merger with MoveByBike in October 2023, a move designed to create a more dominant player in sustainable inner-city logistics by combining Bzzt's electric pods and mopeds with MoveByBike's cargo bicycles. Following this merger, Sven Wolf assumed the role of working chairman of the board. However, the integration faced challenges, leading to the bankruptcy of its Stockholm subsidiary, Bzzt Stockholm AB, in early 2024, ceasing its operations in that city while continuing in others.
Bzzt's service is built upon a fleet of sustainable vehicles, including electric pods and, following a partnership with CAKE, electric motorcycles like the Ösa flex model. These vehicles are selected for their efficiency, zero emissions, and practicality in navigating dense urban environments for parcel and food delivery. The company's digital platform allows for integration with clients' systems, positioning Bzzt as an extension of their partners' own logistics operations.
Keywords: last-mile delivery, urban logistics, electric vehicles, sustainable transport, food delivery service, parcel delivery, pod taxi, MoveByBike, Sven Wolf, Per Nyrenius, Örjan Jansson, Stockholm, Gothenburg, green logistics, e-commerce delivery, CAKE electric motorcycles, urban mobility, B2B delivery, emission-free transport, delivery platform