Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2023
Revenues1.2m
  • Edit
DateInvestorsAmountRound
*
N/A

$15.9m

Early VC
*

$3.1m

Early VC
Total Funding$19.0m

Recent News about Fin

Edit
More about Fininfo icon
Edit

Finmile.co is a forward-thinking startup that operates in the logistics and e-commerce sectors. Their primary objective is to create a zero-emission parcel delivery network that caters to all e-commerce brands. They aim to provide an exceptional customer experience at an affordable price. The company's innovative approach uses e-cargo bikes for the final mile of delivery and electric vans for the middle mile. This strategy not only significantly reduces emissions but also enhances customer satisfaction.

Finmile.co serves two types of clients: logistics providers looking to outsource their last-mile deliveries and brick-and-mortar retailers seeking to offer same-day and next-day delivery at a lower cost. The company's efficient use of e-cargo bikes and advanced routing technology makes them a more cost-effective and eco-friendly alternative to traditional logistics providers.

The business model of Finmile.co is based on integrating their delivery services into their clients' operations. They take delivery requests and incorporate them into their couriers' routes on demand, enabling same-day delivery. This approach eliminates the high cost of one-off courier deliveries, making their services more affordable.

Finmile.co generates revenue by charging their clients for the delivery services they provide. Their competitive pricing, coupled with their commitment to reducing emissions and providing excellent customer service, positions them well in the growing market for sustainable logistics solutions.

Keywords: Zero-emission, Parcel Delivery, E-commerce, E-cargo bikes, Electric Vans, Last-mile Delivery, Same-day Delivery, Sustainable Logistics, Customer Experience, Affordable Pricing.

Investments by Fin

Edit
Urb-it
ACQUISITION by Fin Jan 2024