UK delivery startup Hived raises $42 million to expand network

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Here’s a summary of the key details regarding Hived, the UK parcel delivery startup:

Hived Overview

  • Startup: Hived
  • CEO/Founder: Murvah Iqbal
  • Industry: Parcel delivery using electric vehicles and AI technology

Funding Details

  • Total Amount Raised: $42 million
  • Funding Series: Series B
  • Date of Fundraise: [Date not specified in the text; only that it was announced on a Thursday]

Investors

  1. Lead Investor: NordicNinja (Japanese-backed venture capital firm)
  2. Other Investors:
    • Wex Venture Capital
    • Marunouchi Innovation Partners
    • Elemental Impact

Business Model

  • Delivery Method: Entirely electric fleet of delivery vans and heavy goods vehicles
  • Retail Partnerships:
    • John Lewis
    • Uniqlo
    • Zara
    • Nespresso

Future Plans

  • Expansion:
    • Targeting to cover 80% of the UK within the next two years
    • Plans to serve southern UK cities starting later this year
    • Consideration of expanding into other markets or licensing technology

Technology Utilization

  • AI Implementation:
    • Development of a new postcode system based on customer volume and demand
    • Data collection for mentoring drivers and improving performance

This format should provide a clear and concise overview of Hived’s recent funding and operations.

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2025-07-03 10:36:10