Packfleet Secures £9.1M Investment to Expand Electric Vehicle Courier Operations

Packfleet, a London-based electric vehicle courier firm, announces a successful €9.1 million Series A investment round led by General Catalyst and Voyager, with participation from Creandum, Entree Capital, and Founder Collective. The funding will fuel expansion in the UK, particularly in London, and the development of Pathfinder, the company's proprietary routing program.

Founded by former Monzo employees Josh Garnham, Tristan Thomas, and Hugo Cornejo in 2021, Packfleet specializes in delivery management platforms aimed at improving the delivery experience for businesses. With a fleet of 130 electric vans, the company has seen a fivefold increase in package deliveries in 2023, signaling strong growth.

Packfleet's platform enables users to customize delivery details and offers real-time tracking and estimated arrival times, enhancing the overall delivery experience. CEO Thomas emphasizes the importance of environmental sustainability, reflecting customer and investor values, and views the investment as validation of Packfleet's market presence and potential.

This investment reinforces Packfleet's commitment to sustainable courier services and its dedication to improving customer satisfaction. With a focus on eco-friendly practices and innovative technology, the company aims to solidify its position as a leader in the electric vehicle courier industry.