Home » GetHenry closes a 16.5 million round. And Italy also has something to do with it

GetHenry closes a 16.5 million round. And Italy also has something to do with it

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GetHenry closes a 16.5 million round.  And Italy also has something to do with it

It provides electric bicycles for “last mile” deliveries to couriers of logistics companies, it is a startup founded in 2018 and based in Berlin, but it is martin olczyk, the first acceleration program carried out remotely due to the Covid-19 pandemic. Here the founders Luis Orsini-Rosenberg (with a past as a former marketing manager of Uber) and Nikodemus Seilern were able to develop their business idea. Today GetHenry (which had already raised € 1 million in funding) announced the closure of its first round, a € 16.5 million ($ 17 million) seed, led by LocalGlobe, with the participation of Visionaries Club, Founder Collective, EnBW New Ventures (Env), GreenPoint Partners, SpeedUp Ventures and Third Sphere. The startup, active in Germany, Austria, Italy and France, will use the new resources to expand into Spain, the Netherlands and the UK.

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What Gethenry does

The company provides cyclists with an e-bike subscription that includes the bicycle, a service package (maintenance and software) and also an insurance plan that covers theft and any accidents. In addition to selling directly to couriers, GetHenry also counts companies such as Gorillas, Flink and JustEat among its customers. GetHenry costs on average around 100 euros per month depending on the country: a price in line with the competition. Zoomo, for example, charges its bikers between $ 20 and $ 35 a week.

Bikes designed for couriers

GetHenry’s bikes are designed in Germany, created in collaboration with a French e-bike manufacturer. The e-bikes are calibrated to travel between 60 and 100 kilometers per day, taking into account the additional weight of the packages. Recently the startup decided to devise a new model capable of withstanding more intense use, with “an increase in safety and efficiency levels” explained Luis Orsini-Rosenberg. A solution, that of producing in Germany, which arises from the need to have full control of the supply chain.

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Sustainable solution

“In the last 12 months – said Rosenberg – we have seen how important it has become to provide sustainable” last mile “delivery solutions. and 24/7 support, with up-to-the-minute data on the status of their delivery vehicles at your fingertips to ensure peace of mind. ” According to Julia Hawkins, of venture capital firm LocalGlobe, GetHenry will grow further “as more and more logistics companies are looking for reliable and sustainable solutions for their business.” Not only is GetHenry growing because food delivery is becoming more and more popular, but because logistics companies are therefore increasingly aware that an army of electric bicycles is an efficient way to tackle the problem of emissions and achieve corporate climate goals, in especially for the last mile.

In Turin, inside Techstars

GetHenry took part in the first Techstars Mobility Accelerator program in Turin, but had a completely different business model. Initially, the startup focused on electric scooter rental for hotels. Because of the pandemic, things have changed. During the acceleration process, GetHenry changed its business model, targeting the “last-mile” delivery sector. “Techstars helped us think about change,” Rosenberg said. The company has re-designed its marketing and website in this way. «The Techstars mentors have given us valuable suggestions to adapt the product to the market».

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