- URB-E, a Los Angeles, CA-based compact container delivery network replacing trucks with bikes, raised $5m in Series A funding
- The round was led by UBS Group
- The company intends to use the funds to further scale its local delivery networks
- URB-E is a compact container delivery network, replacing trucks with bikes and saving a massive amount of space in crowded urban centers
- The containers, designed by ex-Porsche and Fisker engineer Sven Etzelsberger, save a massive amount of space in crowded urban environments
- URB-E, through partnerships with major online retailers and logistics companies, has already deployed a fleet of pedal-powered container systems
