Berlin-based GetHenry, a startup that offers last-mile delivery bikes powered by electricity to couriers and logistics firms, has secured $17.4 million (€16.5 million) in a venture round to grow its operations in Europe. According to a GetHenry spokesman, the business presently works in Germany, Austria, Italy, and France but intends to utilize its most recent capital to expand into Spain, the Netherlands, and the U.K. over the following two quarters. GetHenry is entering the market at a time when on-demand grocery, food, and convenience store delivery is growing in popularity. The company provides e-bike fleets to enterprise clients including Gorillas, Flink, and JustEatTakeaway.com.
A fleet of electric bikes is an effective approach to reduce emissions and meet business climate targets, especially for the last mile, and more established logistics organizations are beginning to realize this. To meet these converging tendencies, a variety of electric utility bike businesses, like Zoomo, Ubco, and Joco, are emerging. These businesses follow the traditional formula of fleets for bigger businesses and weekly or monthly subscriptions for couriers.
Luis Orsini-Rosenberg, co-founder and CEO of GetHenry, said in a statement, “We’ve witnessed in the last 12 months just how vital offering sustainable last-mile delivery solutions has become.” “GetHenry is here to provide a quality fleet of electric utility cars that can accommodate the present environment, while logistics businesses struggle to satisfy the ever-increasing need for ever-faster delivery. We provide delivery firms access to round-the-clock maintenance and servicing, as well as real-time information on the condition of their delivery vehicles, so they can focus on what they do best—delivering—while remaining worry-free. Luke noted that the firm has exceeded 275 million battery swaps since 2015 and that Gogoro now manages more than 350,000 battery changes per day.
Like some of its rivals, GetHenry offers subscriptions and services that include everything from on-demand repair to fleet management software services to the manufacturing of cars and financing of high-end e-bikes. The price of GetHenry’s membership service, which varies by nation but averages out to about €100 per month ($105), is comparable to those of its rivals. For its gig worker memberships, Zoomo, for instance, charges between $20 and $35 a week in the United States. According to the firm, GetHenry’s German-engineered and French-produced e-bikes are made to withstand the 80 kilometers per day that delivery couriers typically ride while taking into consideration any added weight for packages.
A spokeswoman told TechCrunch, “We opted to make our own bike because there wasn’t an e-bike available for the grocery delivery use case at the time and we wanted to develop the best bike for these consumers. We have complete control over costs and the supply chain since we manufacture our own e-bikes. With ambitions to soon develop and introduce cargo bikes and electric mopeds, GetHenry also intends to use the additional funding to broaden its product line.
Visionaries Club, Founder Collective, EnBW New Ventures, GreenPoint Partners, SpeedUp Ventures, and Third Sphere also participated in the investment round, which consisted of €10 million in equity and €6.5 million in debt. LocalGlobe served as the round’s lead investor. Along with other angel investors, the round included participation from Voi CEO Fredrik Hjelm, former Tier COO Roger Hassan, and Everphone CEO Jan Dzulko.