An electric cargo bike logistics company that received the support of a barclays branch collapsed in the administration after failing to get new funding, which triggers the loss of more than 100 jobs.
Sky News understands that the outspokenness Logistics Limited, which is negotiated like Zedify, has parachuted in Interpath to manage its insolvency.
It comes after an accelerated search for new capital to investors, launched before Christmas.
Zedify, who counted the Zara fashion giant among its partners, operates from 10 logistics centers across the United Kingdom, with the last launched in Birmingham in early November.
He said he was aimed at being active in 50 British cities in the coming years and claims to exploit the largest network in the United Kingdom.
Founded in 2018, the company works with retail brands, as well as with parcel carriers and independent companies, to offer sustainable “last kilometer” deliveries using freight bikes.
The company employed around 150 people before the appointment of administrators.
Its other existing donors include Green Angel Syndicate and Prova.
Zedify’s hubs in Cambridge and Edinburgh will remain operational, with nearly 40 employees preserved while administrators explore the options of these sites.
Its Bristol Hub is exploited by a different legal entity and also continues to negotiate.
Responding to a Sky News survey, Ravi Patel of Interpath said: “Zedify was considered a pioneer on the logistics market, being the first delivery bicycle delivery service of the United Kingdom with a delivery model at zero emission.
“We are working to explore all the options and are looking for buyers for the company and its assets, including its fleet of electric bikes and their associated intellectual property, as well as the Zedify brand.”