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London logistics startup PORT raises €14.5m for AI-powered autonomous delivery robots, led by EBRD and Balnord.

PRIVATENov 10, 2026

Amount Raised

€14.5 Million

Round Type

Venture

Greater LondonArtificial IntelligenceLogistics

Investors

BalnordEuropean Bank For Reconstruction And Development

Description

PORT, a London-based logistics startup, has secured €14.5m in funding to develop AI-powered autonomous delivery robots. The round was led by the European Bank for Reconstruction and Development and Balnord, with participation from new and existing investors. PORT will leverage data from its existing courier network and e-bike fleet to train its AI Driver system for autonomous navigation. The funding brings PORT's total investment to €29m since its 2020 founding.

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Company Information

Company

PORT

Location

Greater London, England, United Kingdom

About

PORT is a London-based logistics startup founded in 2020 that operates an e-bike subscription and charging service for over 50,000 couriers across London, Manchester, and Birmingham. The company is developing AI-powered autonomous delivery robots using real-world data collected from its existing courier network via Nvidia-powered cameras and lidar sensors mounted on e-bikes. PORT operates 24 microhubs and has raised €29m in total funding to advance its robotics programme, which remains in the development stage.

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PORT raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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