HIVED secures £10m in Series A funding to expand its electric parcel delivery network across the UK.
The Series A round was led by Planet A Ventures with participation from Maersk Growth, Pale blue dot and Eka Ventures.
Share allotment filed at Companies House
A London-based logistics startup operating a fully electric delivery network for parcel transportation.
HIVED has raised £10m in Series A funding led by Planet A Ventures, with participation from existing backers Maersk Growth, Pale blue dot and Eka Ventures. The capital will be deployed to expand the company delivery network across the United Kingdom and scale operations for retailers and consumers.
Founded in 2021, the London-based startup develops proprietary routing technology and runs an all-electric fleet to provide zero-emission parcel delivery services. The company has reported steady monthly revenue growth since its launch and previously secured £1.7m in early-stage capital.
The fresh funding arrives as e-commerce parcel volumes continue to climb in the UK, placing pressure on traditional logistics providers to reduce emissions. HIVED offers real-time tracking, customisable communications, and same-day or next-day delivery options through its software platform.
From the founder
"Our mission at HIVED is to decarbonise the logistics industry while setting a new standard for delivery quality. In an industry that has historically failed customers and the planet, we see the incredible need for HIVED’s solution and are rising to that opportunity, building a parcel delivery service that consumers genuinely enjoy and merchants can trust"
Murvah Iqbal
Co-founder at HIVED
Investor perspective
"Globally, transport is expected to be one of the biggest sources of greenhouse gas emissions until 2050. 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, Planet A
