Today, green last-mile logistics provider, Urb-it announced a SEK 82 million in funding from institutional investors. The investment will support Urb-it’s expansion plans throughout France and the UK during 2021, as well as broaden and accelerate product and brand development.
The new funding backed by a stellar consortium of Swedish and global institutes is testament to Urb-it’s consistent growth and flourishing partnerships with key logistics players such as DHL France, and further affirms its ability to rapidly scale and meet partner requirements.
This rounds off an exceptional year for Urb-it which saw the business record its best-ever delivery period for the month of November, further highlighting the ever-growing demand for its fast, convenient, and sustainable delivery model.
Kevin Kviblad, CEO of Urb-it commented
“As I look back on the past 12 months — a period of profound change, against the challenging backdrop of the COVID-19 pandemic — it is remarkable how much Urb-it has accomplished in terms of financial and operational resilience. The recent investment is a validation of this resilience and steadfast commitment to our clients, communities, and shareholders. Urb-it will continue to build on this momentum and use the new investment to rapidly expedite our expansion plans to new cities throughout France and the UK, enhancing our green last-mile delivery offering. I would like to express my deep gratitude and appreciation for our dedicated teams across the UK and France, Urbers, partners, and shareholders. Without them, this would not have been possible.”
Urb-it will continue to leverage strong growth opportunities in the transportation and logistics industry, helping retailers meet the growing demands of the consumer, and further cement its position as a key sustainable last-mile delivery partner. The new investment round will also enable Urb-it to execute its vision even more rapidly – and with the benefit of experience, perspective, and relationships of leading tech investors.
About Urb-it AB (publ)
Urb-it is a Swedish logistics company and Certified B Corporation™. Powered by a robust technical platform, and its community of delivery assistants (Urbers), Urb-it offers a customer-centric end-to-end fulfilment service for e-commerce, retail, and the on-demand market. The company today operates in the UK and France and works with leading European brands.
The company’s mission is to transform logistics with a human service that fights for the health of our cities. Delivering the last-mile exclusively on foot, bike or with cargo-bikes, Urb-it aims to reduce air pollution, noise pollution and congestion in Urban areas, while providing a delivery service that exceeds customer expectations. Our Urbers are carefully recruited and trained by Urb-it to provide excellent service.
The solution is available to merchants via direct API-integration as well as through a range of leading transport management systems. Services include delivering the same-day, next-day, nominated day and returns, and can be fulfilled both from the merchant’s online store and physical store network. www.urb-it.com