Friday, April 23, 2021

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URB-E: Raises $5M in Series A Funding

  • 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

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