PORT raises €14.5 million to develop AI-powered autonomous delivery robots from courier network
Port, a London-based startup transforms underutilised city spaces into electric vehicle hubs, today announces a €14.5 million funding round to further develop its proprietary AI Driver and autonomous delivery vehicles – building on top of an already active microhub network across the UK. The round was led by EBRD and Balnord, with further participation from […] The post PORT raises €14.5 million…
London-based startup PORT has raised €14.5 million to advance its AI-powered autonomous delivery robots, built on an existing microhub network across the UK. The funding, led by EBRD and Balnord, brings total investment to €29 million. PORT's Founder and CEO, Kamil Suda, emphasizes that the company's focus is on the infrastructure, operations, and data needed to implement robotics in the real world.
With this investment, PORT is concentrating on the physical AI and robotics. The company already operates 24 microhubs in London, Manchester, and Birmingham, using them to store, charge, and dispatch e-bikes for deliveries. PORT's 3,500 e-bikes are equipped with NVIDIA-powered cameras and lidar, generating real-time delivery data used to train its AI Driver.
The AI Driver will eventually enable autonomous deliveries using PORT's delivery robots. The newly raised funds will support the development of an entirely new robotic delivery system in partnership with Royal Mail.
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