UK delivery startup Hived raises $42 million to expand network

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UK parcel delivery startup Hived, which uses AI to help manage its network, said on Thursday that it has raised $42 million in funding from investors to expand its operations across most of Britain over the next two years.

The Series B round of funding was led by Japanese-backed venture capital firm NordicNinja and included investments from Wex Venture Capital, Marunouchi Innovation Partners and Elemental Impact.

Hived, which uses an entirely-electric fleet of delivery vans and heavy goods vehicles, has signed up retailers including John Lewis, Uniqlo,…



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UK delivery startup Hived raises $42 million to expand network



UK parcel delivery startup Hived, which uses AI to help manage its network, said on Thursday that it has raised $42 million in funding from investors to expand its operations across most of Britain over the next two years.

The Series B round of funding was led by Japanese-backed venture capital firm NordicNinja and included investments from Wex Venture Capital, Marunouchi Innovation Partners and Elemental Impact.

Hived, which uses an entirely-electric fleet of delivery vans and heavy goods vehicles, has signed up retailers including John Lewis, Uniqlo,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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