4 years ago
HIVED Raises £1.74 Million to Build Zero-Emissions Parcel Delivery Network
HIVED, a London-based startup building a zero-emissions parcel delivery network, has secured £1.74 million in Seed funding
The round was led by Pale Blue Dot and joined by Eka Ventures, Blue Impact Ventures, The Fund, and several angel investors
The company plans to use the funding to grow its team and expand into new geographies
HIVED aims to reduce carbon emissions in the delivery sector by utilizing data analysis and software to optimize delivery routes and processes.
ProblemLogistics
"The current parcel delivery system relies heavily on diesel vans, contributing to air pollution, greenhouse gas emissions, and urban congestion."
Solution
"Hived offers a zero-emission parcel delivery network, utilizing data analysis and software to optimize delivery routes and processes, enabling businesses to reduce their carbon footprint without compromising affordability or convenience."