By futureTEKnow | Editorial Team
London-based Hived, a startup reimagining parcel delivery for the e-commerce age, has just closed a $42 million Series B funding round. This significant investment, led by NordicNinja and joined by a consortium of global venture capital firms, is set to accelerate Hived’s expansion across the UK and further enhance its cutting-edge logistics technology.
Founded in 2021 by Murvah Iqbal and Mathias Krieger, Hived was built from the ground up to address the unique demands of modern online retail. At the heart of the company’s operations is HIVEDmind, a proprietary AI platform that orchestrates every step of the delivery process—from warehouse sorting and route optimization to live parcel tracking and real-time driver support.
Unlike legacy carriers, Hived’s technology isn’t just about getting parcels from A to B. Its machine learning algorithms analyze vast amounts of delivery data, helping drivers navigate tricky urban environments, avoid bottlenecks, and even determine the best parking spots for each drop-off. The goal: make parcel delivery seamless, reliable, and stress-free for both retailers and recipients.
Hived’s entire fleet is 100% electric, reflecting a commitment to sustainability without sacrificing performance. Yet, as CEO Murvah Iqbal points out, the company’s primary focus is on building a superior delivery experience—one that meets the expectations of today’s e-commerce shoppers for speed, convenience, and transparency.
Since launch, Hived has delivered more than 6.5 million parcels across Greater London, maintaining a 99% on-time delivery rate. Major brands like John Lewis, Nespresso, Uniqlo, and Zara have already integrated Hived into their logistics networks, attracted by the company’s blend of AI-powered efficiency and sustainable operations.
Hived plans to compete with legacy courier services in the UK market by fundamentally reimagining parcel delivery for the e-commerce era, focusing on three core pillars: technology innovation, sustainability, and superior customer experience.
All-Electric Fleet: Hived operates a 100% electric vehicle fleet, drastically reducing carbon emissions—by 56-76% per parcel compared to traditional couriers—and addressing growing consumer and regulatory demand for greener logistics. This positions Hived as a leading choice for retailers and customers seeking sustainable delivery options.
Proprietary Technology: The company has developed advanced, AI-powered logistics software that optimizes everything from last-mile routing to real-time parcel tracking. This technology allows Hived to offer faster, more reliable, and more efficient deliveries than many legacy providers, who often rely on outdated systems.
Decentralized Mini-Hubs: Instead of centralized, fossil-fuel-dependent depots, Hived uses a network of decentralized sorting mini-hubs. This enables them to handle rapid increases in parcel volume, flexibly serve diverse postcodes, and reduce congestion in urban areas.
Direct Employment Model: Hived employs its own drivers, ensuring consistent service quality and better customer interactions, as opposed to the gig-economy models often used by incumbents.
Customer-Centric Approach: The company is “customer-obsessed,” consistently rated above competitors for excellent customer service and maintaining impressive on-time delivery rates (over 99%).
Scalable National Expansion: With a proven model in London, Hived is actively expanding to new UK cities, aiming to replicate its high service standards and sustainability benefits nationwide.
Circular Economy Initiatives: Hived is also pioneering solutions like reusable e-commerce packaging and improved returns processes, aiming to set new standards for sustainability and efficiency in the industry.
By leveraging these advantages, Hived aims to disrupt a slow-moving, emissions-heavy industry and capture market share from established couriers who have been slow to innovate or decarbonize their operations.
With the new funding, Hived plans to:
Expand into new UK cities, especially in the south of England
Grow its engineering and data teams to further develop HIVEDmind’s capabilities
Enhance features like dynamic clustering, real-time tracking, and micro-level demand forecasting
The UK’s e-commerce sector is booming—online purchases now account for over a quarter of all retail sales. Hived’s founders believe their tech-first, electric approach is positioned to set a new standard for parcel delivery, not just in London but nationwide.
The parcel delivery industry is overdue for disruption. As e-commerce continues to surge, the demand for fast, reliable, and eco-friendly logistics will only intensify. Hived’s latest funding round signals strong investor confidence in their vision: a future where AI and electrification transform how parcels move through cities, making delivery smarter for everyone involved.
Hived raises $42M to expand AI-powered, electric parcel delivery across the UK
Proprietary HIVEDmind platform drives efficiency, reliability, and real-time optimization
100% electric fleet aligns with sustainability goals without compromising service
Backed by major retailers and a growing list of venture investors
Positioned to lead the next wave of e-commerce logistics innovation
The next chapter for Hived is about scaling smart logistics—and setting a new benchmark for what parcel delivery can be in a digital, sustainable world.
Founded in 2018, futureTEKnow is a global database dedicated to capturing the world’s most innovative companies utilizing emerging technologies across five key sectors: Artificial Intelligence (AI), immersive technologies (MR, AR, VR), blockchain, robotics, and the space industry. Initially launched as a social media platform to share technology news, futureTEKnow quickly evolved into a comprehensive resource hub, spotlighting the latest advancements and groundbreaking startups shaping the future of tech.
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