European Bank For Reconstruction And DevelopmentBalnordEbrd
Description
PORT, based in London, has raised €14.5 million to develop its AI Driver and autonomous delivery vehicles. This funding round will build on its existing microhub network across the UK. EBRD and Balnord led the investment, with participation from both new and existing investors. Previously, PORT raised an initial €14.5 million through pre-Seed and Seed rounds.
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Company Information
Company
PORT
Location
Greater London, England, United Kingdom
About
PORT is a London-based startup that transforms underutilised city spaces into electric vehicle hubs. Established in 2020, the company is building a vertically integrated autonomous urban logistics network that combines physical infrastructure, proprietary AI, and robotics. PORT operates 24 microhubs across the UK and has developed a dedicated AI Driver for autonomous deliveries using its own delivery robots. The startup is supported by a network of over 50,000 couriers and e-bike subscriptions.
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Fundz sees it the moment PORT raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Greater LondonArtificial IntelligenceTransportation