Urb-it is a logistics platform utilizing electric cargo bikes and vans to provide sustainable last-mile delivery services, significantly reducing carbon emissions in urban areas. By leveraging city center micro-fulfillment hubs, Urb-it enhances delivery speed and cost-efficiency while offering flexible warehousing solutions for businesses.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional last-mile delivery methods in urban areas often rely on vans, contributing to traffic congestion and increased carbon emissions. Businesses also face challenges in managing warehousing and inventory in central locations, leading to inefficiencies and higher costs.
Solution
Finmile offers an AI-powered delivery software and logistics management platform that leverages electric cargo bikes and vans to provide sustainable last-mile delivery services. The platform optimizes delivery routes in real-time, reducing fuel costs and increasing delivery capacity. Finmile also offers warehouse-as-a-service (WaaS), enabling businesses to sublease space in city center micro-fulfillment hubs for flexible warehousing and inventory management. The company's integrated API allows for seamless integration with existing systems, providing end-to-end visibility and control of deliveries.
Target Audience
Finmile primarily targets e-commerce businesses, courier services, and retailers seeking to optimize their last-mile delivery operations, reduce costs, and improve sustainability.
Features
- AI-powered route optimization that adapts to real-time traffic conditions
- Real-time delivery tracking with accurate ETAs and customer notifications
- Fleet management software with vehicle tracking and driver performance analytics
- Electronic proof of delivery capture
- Warehouse-as-a-service (WaaS) with flexible leasing terms
- Inventory management and returns management services
- API integration for streamlined logistics automation
- Delivery analytics dashboard for performance monitoring