“We operate in a relatively new, very fluid, and fast-changing category. It can be difficult for more traditional funders to see the opportunity and they can be reluctant to support new business models.
That was certainly not the case with InvoiceFair! Their solution really did demonstrate a total understanding of our business and allowed us to utilize our most valuable assets – our customers – via our future cashflows (ARR) to increase stock levels, expand into new territories, and really grow our business.”

Damian Young, Founder & CEO
About Zeus :

Zeus is an Irish company deploying the World’s first 3-wheeled electric scooter for the urban mobility sharing market on a global scale. Their unique scooters provide state-of-the-art technology and reliability that will ensure their users always enjoy the safest, smoothest, and most stable ride.

 

 

 

 

Background:

Zeus is an Irish company deploying the World’s first 3-wheeled electric scooter for the urban mobility sharing market on a global scale. Their unique scooters provide state-of-the-art technology and reliability that will ensure their users always enjoy the safest, smoothest, and most stable ride.

Zeus provides services to over 100,000 customers per day through their mobile application. Zeus operates across almost 40 cities in 6 countries and 2 continents, including Germany, Sweden, Norway, Croatia, Italy, and Malaysia.

Challenge:

The growth of Zeus has been truly remarkable over the past few years as they expand their product offering across Europe and the rest of the world. Like many innovators in the environmentally friendly transport space, the speed of growth is dependent on the speed at which funding for significant upfront infrastructural costs can be secured. Also, as adoption numbers rise in a new market, so too does the requirement for more vehicles.

In other words, upfront capital is required to purchase stock in the form of scooters in advance of repayment from customers who utilize the scooters on an ongoing basis.

The options for Zeus were either to raise restrictive or expensive equity and potentially giving up a portion of their business, or inflexible long-term debt to fund their growth plans and all the complications that it brings.

In summary, Zeus needed to find a solution that matched their growth plans while not restricting their cashflow runway, business operations, or having to give up equity.

Solution :

This innovative business model needed to find an equally dynamic, commercially aware solution to optimize the opportunity that was opening up at pace for Zeus.

Rather than seek a traditional debt or equity solution, the answer was to leverage their customers future revenue (ARR) in advance of payment received from their customers via various payment platforms.

InvoiceFair structured an innovative solution, where their repayment profile was tailored to the cyclical nature of their business with payment moratoriums occurring where required and repayments only occurring when the business was able to facilitate it most.

Zeus could leverage up to 70% of this future ARR in advance of repayment from their customers to purchase stock (scooters) that was required to deploy in new territories, fueling their growth and putting their future in their hands.

Get in touch:

Interested in seeing what type of cashflow solutions we can provide to your business?

Email busdev@invoicefair.com or call the team on +35316632662

Or apply to see how much funding you could raise in as little as 24 hours  here

 

 

 

Get In Touch

Fill the form below and we will contact you as soon as possible to discuss the best solution for you and your company.

    Financial solution you are interested in
    By completing this form you are consenting to share your information with InvoiceFair to reach out with relevant information. View our privacy statement here.
    Tick the box to subscribe to the InvoiceFair marketing mailing list