Hived, a London, UK-based delivery network powered entirely by electricity, raised $12.4m in Series A funding.
The round was led by Planet A Ventures, with participation from existing investors Maersk Growth, Eka Ventures and Pale blue dot.
The company intends to use the funds to invest further into the team, technology and a new warehouse.
Hived is building a delivery network at scale, powered entirely by electricity integrated with Metapack, Shopify, Shiptheory and more, with features including a dynamic delivery window ETA, live tracking, in-flight redirect options, customisable customer communications and merchant dashboards with carbon-saving reporting.
Since raising its initial seed round in August 2021, the company has grown its revenue 30% month over month, delivering for some of the biggest retailers including ASOS, ZARA as well as some of the fastest growing SME’s such as Candy Kittens, Vitl and Pip & Nut etc. The company has grown its head office to 40, and drivers to over 1000.
FinSMEs
01/05/2023