HIVED Receives €11.2 Million Investment

HIVED, a sustainable package delivery startup, has raised €11.2 million in a Series A investment round. Planet A Ventures led the €11.2 million investment round for the London-based logistics startup. In addition to Maersk Growth, existing investors; Pale blue dot and Eka Ventures participated in the investment round. The London-based startup was launched in 2021 by Mathias Krieger and Murvah Iqbal. Stating that it is the world's first large-scale sustainable parcel delivery network, HIVED consists entirely of electric fleet technology. It offers its services to businesses in a way that reduces their carbon footprint.

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HIVED Will Change the Package Delivery Industry

HIVED stated that it will change the package delivery industry with the new investment it received. It aims to become a major player in Europe within five years. It also aims to become the leading sustainable delivery company in the UK.

The London-based startup is developing a reliable, simple and modern package delivery network managed by an all-electric fleet. In this way, it brings a breath of fresh air to the logistics business. The London-based startup has standardized green delivery. Thus, it managed to become a pioneer in its sector. The startup is expanding its vision with its user interface, technological stack and in-house routing engine.