Urban logistics company PORT has raised €14.5 million in a funding round led by the European Bank for Reconstruction and Development (EBRD) and Balnord, with participation from existing and new investors. The financing combines equity and debt and brings the company's total funding to €29 million, following €14.5 million previously raised through pre-seed and seed rounds.
Founded in 2020 and led by Kamil Suda (CEO), PORT is developing an autonomous urban logistics system that combines physical infrastructure, AI and robotics. The company operates a network of microhubs and charging stations across the UK, providing e-bike subscriptions that allow delivery couriers to access electric vehicles without owning or maintaining them.
PORT's platform serves more than 50,000 couriers and operates a fleet of approximately 3,500 e-bikes. Its infrastructure includes 24 microhubs across London, Manchester and Birmingham, occupying around 52,000 square feet of urban space, including underground car parks, warehouses and railway arches. These locations allow delivery vehicles to be stored, charged and deployed close to areas with high delivery demand.
Building on this infrastructure, PORT is developing its proprietary AI Driver and autonomous delivery vehicles to automate last-mile logistics. The company is using data collected from its existing e-bike fleet to train AI models specifically for urban delivery environments.
Some of PORT's e-bikes are equipped with NVIDIA-powered cameras and lidar sensors that capture real-world delivery conditions on London's streets. The collected data covers everyday situations, such as navigating kerbs, cyclists and delivery locations, as well as less common scenarios. When the bikes return to PORT's hubs, the data is automatically uploaded and processed to train the AI Driver, which is intended to operate the company's autonomous delivery vehicles.
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,
said Kamil Suda, founder and CEO of PORT.
PORT has also expanded its services to include parcel deliveries using cargo bikes, offering a more sustainable alternative to traditional diesel-powered delivery vehicles.
The company is now preparing the next stage of its autonomous logistics development in partnership with Royal Mail. The collaboration will focus on introducing a new robotic delivery system, building on PORT's existing infrastructure and ongoing development of autonomous delivery vehicles.
The new funding will support the further development of PORT's AI Driver and autonomous delivery vehicles, alongside the expansion of its autonomous logistics capabilities. The company also plans to accelerate hiring across its research and development and AI teams.
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