Sustainable logistics and deliveries provider Fin announced $7 million in seed funding and is expanding its operations to the US.
With the seed funding, Fin is able to scale its operations, now boasting over 100 e-cargo bikes and 100 electric vans used to deliver between 7,000 and 14,000 parcels throughout London daily.
The expansion to the US, with plans to launch in New York City in early 2025, will mark the company’s first venture outside the UK. Fin will also expand into five additional UK cities in 2025.
Marlon Nichols, managing general partner and co-founder of MaC Venture Capital, which led the funding round, said, “The MaC team has supported Fin since its inception, and we are fully confident in the team’s ability to scale as the company expands its footprint beyond the UK and into the US market.
“The company’s rapid growth in London has demonstrated not only the effectiveness of its model but also the strong market appetite for greener, more efficient delivery options. We believe Fin is well-positioned to shift the culture of urban logistics, especially in New York, where residents need a better solution for efficient, safe, and environmentally friendly deliveries.”
Fin’s deploys electric vans and e-cargo bikes built to carry up to 250 kg, and uses a proprietary AI-powered technology platform that creates optimized routes offering full transparency to clients and end customers. The company offers next-day delivery even for late-night orders.
Looking ahead, Fin is focused on continuing its rapid expansion while maintaining its commitment to sustainability and innovation and aims to deploy 500 more bikes this year across both the UK and New York.
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