Relay Secures $35M Series A: Revolutionizing European Delivery with AI and E-Bikes

Relay Secures $35M Series A: Revolutionizing European Delivery with AI and E-Bikes

Being somewhat later than Europe in adopting the idea of parcel delivery, much of Asia built its delivery infrastructure around e-commerce, effectively “Uberizing” how deliveries worked down to the last mile. Think DoorDash but for parcels, not food. This is what the founders of Europe’s Relay realized and decided to bring to the region — and why investors just gave it a massive Series A round.                                                  Image:Getty Images Most Western parcel delivery companies have fixed daily routes for drivers, dispatching them from far-flung depots near places like airports to suburban destinations. This creates enormous overhead, wastes mileage, and increases carbon emissions for parcels, especially if they are returned. Instead, Asia’s “asset-free” model uses mini-depots, like a local store. Relay’s end-to-end parcel delivery service adopts this approach, operating more like a food delivery app. It matches couriers to routes, combines deliveries and returns in…