Hived is bringing a 'green' buzz to parcel delivery in the UK as it raises £10 million
Summary
It also claims to have an impressive 99.7% on time rate.In 2021 a total of 5.4 billion parcels were delivered in the UK - thats a lot of decarbonising to do. Hived says it has seen 30% month-over-month revenue growth since inception - the company has grown its head office to 40and now ships to all of Greater London, with nationwide collection across the UK for hundreds of companies.Hived co-founders Murvah Iqbal and Mathias Krieger first met on a university trip to Silicon Valley and previously co-founded a London-based van advertising start-up, Vanvas. In an industry that has historically failed customers and the planet, we see the incredible need for Hiveds solution and are rising to that opportunity, building a parcel delivery service that consumers genuinely enjoy and merchants can trust, says Hived co-founder Murvah Iqbal.The Series A funding round was led by Planet A Ventures, with Maersk Growth and existing investors Eka Ventures and Pale blue dot.This round of funding will enable us to scale Hived as a truly mass-market, sustainable delivery network. With their commitment to sustainability and use of electric vehicles, Hived is not only transforming parcel delivery but also helping to create a more environmentally friendly future. We are thrilled to be investing in Hived, a company that is leading the charge in revolutionising sustainable logistics," Nick de la Forge, Partner at Planet A.
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