HIVED Raises £31M to Scale Its All-Electric, AI-Powered Parcel Delivery Network Nationwide

May 8, 2025

HIVED, the London-based all-electric parcel delivery company, raised £31 million ($42 million) in a Series B funding round in May 2025, led by NordicNinja — the venture firm known for backing logistics pioneers Bolt and Einride — with participation from Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Future Back Ventures by Bain and Co, Rocketship VC, and existing investor Planet A. The capital will fund HIVED's expansion from its Greater London base into multiple new UK cities, accelerate engineering and data team hiring, and advance development of its HIVEDmind logistics intelligence platform.

The UK parcel delivery market is structurally broken for e-commerce. Major carriers were built around a different world — business-to-business freight, physical sorting hubs, and predictable volume patterns — and have spent years retrofitting smart features onto legacy systems that were never designed for the demands of modern online retail. The result is well-documented: opaque tracking, high claims rates, poor customer satisfaction, and carbon-intensive fleets. With e-commerce now accounting for approximately 10% of UK GDP and consumer expectations shaped by Amazon Prime, the gap between what the logistics industry delivers and what shoppers expect has widened considerably. HIVED was founded in 2021 by Murvah Iqbal (CEO) and Mathias Krieger (CTO) on the premise that the only way to close this gap was to build a parcel delivery network from scratch, explicitly for e-commerce.

HIVED's distinguishing infrastructure is HIVEDmind, a proprietary logistics intelligence platform that uses AI, real-time data, and a modern software architecture to synchronise every part of the delivery chain — retailers, warehouses, drivers, and end customers — in a single integrated system. Unlike legacy carriers, HIVED replaces postcode-based routing with dynamic delivery clusters that are continuously redrawn based on live parcel volumes. Routing algorithms adapt to driver behaviour and real-world conditions. The system's real-time tracking and delivery intelligence has reduced ‘Where Is My Order’ customer enquiries by more than 90% compared to other carriers, and its claims rate for lost or damaged parcels is more than ten times better than industry standards. Every vehicle in the HIVED fleet is electric, making it — by its own account — the world's only end-to-end electric logistics network. The company has delivered more than 6.5 million parcels across London for clients including John Lewis, Nespresso, Uniqlo, H&M, Gousto, and Zara, all at 99% on-time delivery rates.

The Series B proceeds will fund HIVED's expansion into Bath, Bournemouth, Brighton, Bristol, Portsmouth, Poole, Southampton, and Worthing, achieved by September 2025, with further national rollout planned. HIVED aims to cover 80% of the UK within two years. The company, which has grown to more than 120 employees, will use a significant portion of the capital to scale its engineering and data science teams and to continue investing in HIVEDmind's machine learning capabilities.

NordicNinja managing partner Tomosaku Sohara described HIVED as doing “what no one else in logistics has managed to do” — pairing a truly outstanding customer experience with deep operational control. The investment thesis is straightforward: as retail sustainability mandates tighten and Scope 3 emissions reporting becomes standard, the ability to offer genuinely zero-emission delivery will shift from a differentiator to a procurement requirement. HIVED is the only carrier currently able to meet that requirement at scale in the UK.

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