Hived has raised $42 million to extend its all-electric courier services beyond London. The company plans to launch operations in Bristol, Bath, and Brighton by September, with further expansions to Birmingham and Manchester targeted for 2026. Founded in 2021, Hived uses a fully electric fleet and has delivered over 6.5 million parcels, achieving a 99% on-time delivery rate. It aims to disrupt the logistics sector by leveraging a tech-first model, addressing inefficiencies in traditional delivery infrastructure designed for business-to-business services.
Hived has raised $42 million to expand its all-electric courier operations beyond London, with plans to enter Bristol, Bath, and Brighton by September.
The company operates a fully electric fleet and has delivered over 6.5 million parcels across London, maintaining a 99% on-time delivery rate.
CEO Murvah Iqbal stated, "Parcel delivery should feel seamless, not stressful, but most of the industry is still running on systems that were never designed for ecommerce."
Hived's tech-first model aims to disrupt traditional delivery firms hampered by legacy infrastructure that were built for business-to-business deliveries, not ecommerce.
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