Fin, a pioneering sustainable logistics and delivery specialist, has secured a significant $7 million seed investment, paving the way for the company’s strategic expansion into the lucrative US market.
With seed funding secured, Fin is poised to expand its logistics network, having already scaled up to a fleet of over 100 e-cargo bikes and 100 electric vans that efficiently transport between 7,000 and 14,000 parcels daily throughout the city of London.
The company is set to expand into the US market, with a planned launch in New York City’s metropolitan area by early 2025, marking its initial foray outside of the UK. By 2025, Finn will expand its services to an additional 5 UK cities beyond its existing presence.
Marlon Nichols, managing director at MaC Venture Capital and co-founder of the firm that led the funding round, emphasized that “The MaC team has been a long-standing supporter of Fin since its inception, and we’re thoroughly confident in the company’s ability to scale as it expands its footprint beyond the UK and into the US market.”
The corporation’s rapid growth in London vividly illustrates not only the success of its model but also the strong market demand for more sustainable and environmentally friendly logistics options.
Fin is poised to revolutionize urban logistics, especially in New York, where residents are increasingly demanding eco-friendly, secure, and sustainable delivery solutions.
Fin’s deploys electric vans and e-cargo bikes engineered to carry up to 250 kilograms, utilizing its proprietary AI-driven technology platform, which generates optimized routes for maximum efficiency, while providing complete transparency to customers and end-users. The corporation offers expedited delivery options, including same-day and next-day services, to ensure timely fulfillment of customer requests, regardless of the order time.
Looking ahead, Fin remains focused on driving its rapid growth while maintaining its commitment to sustainability and innovation, with a goal of deploying an additional 500 bikes this year across both the UK and New York.
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