skip to main content
Find Insight DIY on
* * *

International DIY News

Ingka Investments Makes Minority Investment In Urb-it


Ingka Investments has made a minority investment in Urb-it, a Swedish sustainable logistics platform that provides last mile deliveries across Europe.

As a purpose-led business, Urb-it is committed to standards of social and environmental performance. Delivering the last mile exclusively on foot, bike or with its e-cargo-bike fleet, the Nasdaq Nordic listed company aims to reduce air pollution, noise pollution and congestion in urban areas, thus bring real, sustainable change.

“Urb-it is a rapidly growing business who want to create a positive impact on society and the environment with their zero-emission logistics services, so we are delighted to have made a minority investment. We are confident of their continued growth and see value in helping to support their expansion of zero-emission last mile deliveries in urban locations across Europe. It also aligns with our Ingka Group goal that all customer deliveries and services will be done using electric vehicles or other zero-emission solutions by 2025,” says Krister Mattsson, Managing Director of Ingka Investments. 

Urb-it’s emission-free delivery options are currently available in nine cities across two of Europe’s largest e-commerce markets, the UK and France. The company is planning to accelerate its growth journey by setting up new hyper-local hubs, scaling its fleet in both current and new cities and pursuing marketing opportunities to further support growth of the platform with the support of such investments.

Source : Ingka Investments

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.  

23 November 2021

Related News

view more International DIY News

Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

Martin Elliott. Chief Executive - Home Hardware.

Don't miss out on all the latest, breaking news from the DIY industry