AI-Powered Electric Delivery Startup HIVED Raises $42M to Expand UK Network

HIVED, an AI-powered parcel delivery startup co-founded by former Manchester City player Murvah Iqbal, has secured $42 million (£31 million) in Series B funding to expand its all-electric logistics network nationwide across the UK. The company, which has delivered over 6.5 million parcels with a 99% on-time rate, uses its proprietary HIVEDmind platform that integrates AI, deep learning, and real-time data to manage deliveries from depot to doorstep, replacing traditional postcode systems with dynamic delivery clusters. HIVED operates the world’s only end-to-end electric logistics network, emphasizing sustainability alongside efficiency, and claims significant reductions in customer delivery inquiries and claims rates. The funding round was led by NordicNinja, with participation from other investors including Wex Venture Capital, Yamato Holdings, and Planet A, enabling HIVED to accelerate hiring, develop its technology further, and expand into multiple UK cities such as Bristol, Bath, Brighton, Birmingham, and Manchester. Company leadership highlights their fresh approach to parcel delivery as fundamentally rethinking logistics for e-commerce with technology as the foundation rather than an afterthought. Investors praise HIVED's combination of operational control and customer experience as transformative for the parcel delivery industry.