Berlin-Based GetHenry Raises €16.5M To Set It’s European Expansion Plan In Motion
GetHenry provides sustainable e-mobility solutions with a full-service subscription model to couriers, grocers and logistics companies across 35 different cities in Europe.
Berlin-based GetHenry, a mobility solution for last-mile delivery companies and couriers, announced today that it has raised €16.5M in its Seed round of funding. The capital was a mix of €10M equity and €6.5M debt.
The raised capital will help the company, which already supplies e-bikes to Germany’s largest groceries-on-demand businesses like Gorillas and Flink, expand the business across Europe and add new verticals.
Investors in this round
The round was led by LocalGlobe, a venture capital firm that focuses on Seed and impact investments.
Julia Hawkins, General Partner at LocalGlobe, says, “GetHenry is an excellent example of success in the face of adversity. Like all good founder stories, Luis and Nik showed great levels of agility and dedication to pivot and adapt their offering during the pandemic, and they’ve been rewarded with great success over the past 12 months. I have no doubt that GetHenry will continue to go from strength to strength in 2022 as more and more logistics companies look for reliable and sustainable solutions to the extra demands of instant commerce.”
Besides LocalGlobe, Visionaries Club, Founder Collective, EnBW New Ventures (ENV), GreenPoint Partners, SpeedUp Ventures and Third Sphere also participated in the round.
Additionally, initial investors APX and previous investors InnoEnergy, as well as angel investors including Voi CEO Fredrik Hjelm, former Tier COO Roger Hassan, and Everphone CEO Jan Dzulko also joined in.
Empowering last-mile delivery
Founded in 2019 by cousins Luis Orsini-Rosenberg and Nikodemus Seilern, GetHenry provides sustainable e-mobility solutions with a full-service subscription model to couriers, grocers and logistics companies across 35 different cities in Europe.
The company supplies electric utility vehicles to Germany’s largest groceries-on-demand businesses Flink and Gorillas and is in the process of developing its own bespoke e-bike. The bespoke software dashboard offers real-time data to track, optimise and predict the utility of the company’s e-bike fleet.
One of the company’s USPs is the uptime of their vehicles, at any given time, on average above 90 per cent of GetHenry’s vehicles in their fleet are available for use for all their customers.
During the pandemic in 2020, GetHenry pivoted its focus to providing restaurants and individual couriers with a monthly full service e-bike subscription, before extending its offering to last-mile delivery companies including Gorillas, Flink, Just Eat Takeaway.com, MAYD, and arive.
European expansion and e-bike production
GetHenry plans to launch throughout France, Spain, the Netherlands and the UK with country managers already being hired in Paris and Amsterdam. The company will also be launching its services in more European countries later this year.
The raised capital will help the company to diversify its product portfolio, with cargo bikes and electric mopeds added to its fleets to expand capacity for its customers’ couriers.
After making millions of deliveries last year, GetHenry claims to have the knowledge needed to design and produce its own specialist courier devices. The new German-engineered bikes are created to handle the 80 km-a-day that delivery couriers travel, as well as all the additional weight that puts traditional bikes under enormous amounts of pressure.
Luis Orsini-Rosenberg, says, “We’ve seen in the last 12 months just how important providing sustainable last-mile delivery solutions has become. While logistics companies struggle to meet the ever-increasing demand for ever-faster deliveries, GetHenry is here to provide a quality fleet of electric utility vehicles that can cater for the current climate. We allow delivery companies to get on with what they do best – delivering – by providing round-the-clock maintenance and service, with up-to-the-minute data on the status of their delivery vehicles at their fingertips to ensure peace of mind. We’re delighted to have the support of LocalGlobe and look forward to working closely with them as we take GetHenry to the next level.”