Berlin-based GetHenry has raised €16.5 million in a seed funding round (€10 million in equity, €6.5 million in debt). The startup provides last-mile delivery companies and couriers with an end-to-end e-bike rental service. The fresh charge of capital is expected to power pan-European expansion efforts. To date, the fans of O. Henry’s works have raised a total of €17.5 million.
Having served as a bicycle courier during my 20’s in New York City and again for a brief period at the beginning of the pandemic, I can personally testify to the workout traditional cycling can provide. Having said that, I’m set to acquire my first e-bike in the coming weeks. A long-time proponent of the method, after a test ride, well, let’s just say, my back, shoulders, legs, and just about everything in between have thanked me for it.
And so is the case with many a cycling last-mile delivery rider. The conundrum arrives in the case of fronting the rather steep startup capital required to acquire said e-ride.
Enter stage left, GetHenry.
Providing cyclists with an affordable, e-bike subscription that not only includes the bike itself but an end-to-end service package and insurance plan that covers theft and any accidents.
In addition to vending directly to riders, GetHenry also counts major q-commerce players Gorillas, Flink, Just Eat Takeaway.com, MAYD, and arive amongst its client base.
“We’ve seen in the last 12 months just how important providing sustainable last-mile delivery solutions have become. While logistics companies struggle to meet the ever-increasing demand for ever-faster deliveries, GetHenry is here to provide a quality fleet of electric utility vehicles that can cater to the current climate,” commented GetHenry co-founder and CEO Luis Orsini-Rosenberg. “We allow delivery companies to get on with what they do best - delivering - by providing round-the-clock maintenance and service, with up-to-the-minute data on the status of their delivery vehicles at their fingertips to ensure peace of mind.”
LocalGlobe led the round, with Visionaries Club, Founder Collective, EnBW New Ventures (ENV), GreenPoint Partners, SpeedUp Ventures, and Third Sphere also participating. Existing investors APX InnoEnergy, and angel investors Voi CEO Fredrik Hjelm, former Tier COO Roger Hassan, and Everphone CEO Jan Dzulko also helped turn the crankset.
“GetHenry is an excellent example of success in the face of adversity. Like all good founder stories, Luis and Nik showed great levels of agility and dedication to pivot and adapt their offering during the pandemic, and they’ve been rewarded with great success over the past 12 months,” commented LocalGlobe’s Julia Hawkins. “I have no doubt that GetHenry will continue to go from strength to strength in 2022 as more and more logistics companies look for reliable and sustainable solutions to the extra demands of instant commerce.”
Lead Image: Rico Rolle