London’s electric last-mile delivery provider Fin to expand to the US [Video]

Sustainable logistics and deliveries provider Fin announced $7 million in seed funding and is expanding its operations to the US.

With the seed funding, Fin is able to scale its operations, now boasting over 100 e-cargo bikes and 100 electric vans used to deliver between 7,000 and 14,000 parcels throughout London daily.

The expansion to the US, with plans to launch in New York City in early 2025, will mark the company’s first venture outside the UK. Fin will also expand into five additional UK cities in 2025. 

Marlon Nichols, managing general partner and co-founder of MaC Venture Capital, which led the funding round, said, “The MaC team has supported Fin since its inception, and we are fully confident in the team’s ability to scale as the company expands its footprint beyond the UK and into the US market.

“The company’s rapid growth in London has demonstrated not only the effectiveness of its model but …