Mobility Startup Raises $17.4 Million for European Expansion

  • Mobility startup GetHenry has raised €16.5 million ($17.4 million) in seed funding.
  • It offers an e-bike subscription service to some of Europe’s largest last-mile delivery companies.
  • Check out the 10-slide pitch deck GetHenry used to raise the fresh funds below.

Mobility startup GetHenry has raised €16.5 million ($17.4 million) in seed funding as it prepares to expand across Europe.

The German company, which was founded in 2019 by cousins Luis Orsini-Rosenberg and Nikodemus Seilern, first focused on providing hotels with fleets of e-scooters for guests before shifting to e-bike subscriptions to restaurants and individual couriers amid rising demand during the pandemic.

GetHenry services some of Europe’s largest last-mile delivery companies such as Gorillas and JustEat. It has raised a mix of €10m equity and €6.5m debt in a seed round led by London-based venture capital firm LocalGlobe. 

A number of other investors joined the round including Visionaries Club, Founder Collective, EnBW New Ventures (ENV), GreenPoint Partners, SpeedUp Ventures, and Third Sphere, along with previous investors and several angel investors including Voi CEO Fredrik Hjelm. 

Luis Orsini-Rosenberg, cofounder and CEO of GetHenry, said the last 12 months had shown “just how important providing sustainable last-mile delivery solutions has become” as logistics companies have struggled 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,” Orsini-Rosenberg said.

GetHenry, which had 29 new city launches in 2021, will use the fresh funds to fuel its expansion across Europe in the next few months into countries such as France, Spain, the Netherlands, and the UK while diversifying its mobility offering to include cargo bikes and electric mopeds.

The startup will also start designing and producing what it calls its own “specialist courier devices” – bikes engineered in Germany that it say scan handle up to 80 km (50 miles) a day of courier travel. 

According to the firm, its service can become increasingly relevant to more traditional logistics companies that are weighing up ways to reduce emissions by last-mile delivery.

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