Business · Companies · 1 hr ago
PORT raises €14.5 million to develop autonomous urban deliveries
PORT raised €14.5 million in a funding round led by the European Bank for Reconstruction and Development and Balnord.
The UK company operates e-bike services and delivery infrastructure in London, Manchester and Birmingham, serving more than 50,000 couriers.
Its network includes 24 microhubs and about 3,500 e-bikes, which provide data on real urban delivery conditions.
PORT is developing AI and autonomous delivery vehicles using that data to help automate last-mile deliveries.
The company is preparing a new robotic delivery system in partnership with Royal Mail.
The funding will support development and hiring in its AI and research teams as it builds out autonomous logistics.
PORT has raised €14.5 million to develop its AI Driver and autonomous delivery vehicles.
The funding round was led by the European Bank for Reconstruction and Development and Balnord, with participation from existing and new investors.
The financing combines equity and debt and brings PORT’s total funding to €29 million.
The company operates 24 microhubs across London, Manchester and Birmingham and serves more than 50,000 couriers.
PORT is preparing a robotic delivery system in partnership with Royal Mail.
- Who
- Urban logistics company PORT, led by CEO Kamil Suda, raised the funding.
- What
- PORT raised €14.5 million in a round combining equity and debt to develop autonomous logistics.
- When
- The funding was announced on 10 November 2026.
- Where
- PORT operates infrastructure across London, Manchester and Birmingham, in the UK.
- Why
- The funding will support development of its AI Driver and autonomous delivery vehicles, and expand its autonomous logistics capabilities.
This story does not have two clearly opposing sides.
PORT was founded.
PORT raised €14.5 million through pre-seed and seed rounds.
PORT announced a further €14.5 million in funding.
- Latest funding
- €14.5 million
- Total funding
- €29 million
- Funding leads
- European Bank for Reconstruction and Development and Balnord
- Couriers served
- More than 50,000
- E-bike fleet
- Approximately 3,500
- Microhubs
- 24 across London, Manchester and Birmingham
What people are saying
We believe robotised logistics does not start with the robot; it starts with the infrastructure, operations and data required to put robotics to work in the real world. We have spent years building that foundation. Now, with this investment, we are focused on the physical AI and robotics that will run on top of it