AI Delivery Startup HIVED Raises $42M Series B to Expand Its Electric Logistics Network Across the UK

London-based HIVED, an AI-powered, all-electric parcel delivery startup, has secured $42 million in Series B funding led by NordicNinja, with participation from Wex Venture Capital, Marunouchi Innovation Partners, Yamato Holdings, Elemental Impact, and existing backers including Planet A and Rocketship VC.

Founded in 2021 by Murvah Iqbal and Mathias Krieger, HIVED is transforming ecommerce logistics through its proprietary platform, HIVEDmind, which uses AI and real-time data to optimize routing, predict delivery volumes, and increase operational transparency. With over 6.5 million parcels delivered across Greater London and a 99% on-time rate, the company plans to use the funding to scale operations, expand its engineering team, and roll out across the UK.

Featured image: Credit: HIVED