PORT, an autonomous urban logistics company, has raised £12 million in a debt and equity round led by EBRD and Balnord, with further participation from existing and new investors. The funding goes towards developing PORT's proprietary AI Driver and its own autonomous delivery vehicles, which are built on top of an existing network of inner-city micro-hubs.
PORT rents electric vehicles to couriers on a flexible subscription that includes parking, charging and maintenance. Bikes are stored, charged and ready to pick up at micro-hubs and charging stations close to delivery hotspots, across 24 hubs in London, Manchester and Birmingham. The hubs use underground car parks, warehouse space and railway arches to put 52,000 sq ft of underused urban space to work as logistics infrastructure. A portion of PORT's 3,500-strong e-bike fleet now carries NVIDIA-powered cameras and lidar, capturing real delivery data as couriers ride London's streets. PORT processes the footage to pick out the situations that matter for AI Driver training, from everyday kerbs, cyclists and drop-off points to rare edge cases, and uses them to train the AI Driver for urban delivery. When a bike returns to a hub, its data uploads automatically over the hub's fibre connection.
More than 50,000 riders have registered with PORT, and its fleet has covered over 50 million kilometres since 2024. Trailers joined the fleet in September 2025, and PORT cargo bikes have since delivered over 300,000 parcels, with approximately 90% lower emissions than the equivalent delivery by diesel van. In London, the network provides 92% coverage within a one-mile radius of the Congestion Charge Zone and 60% coverage within two miles across inner London. PORT's team numbers 76, spanning R&D, product and operations at headquarters alongside field teams of mechanics and operations staff.
PORT was established in 2020 by founder and CEO Kamil Suda to capitalise on the rise in micro mobility in the B2B setting. The team developed a station-based, vehicle-agnostic sharing system, including universal charging stations. PORT previously raised £12 million through pre-seed and seed rounds, bringing total investment to date to £24 million. The company is now accelerating hiring across its R&D and AI functions. A micro-hub in central Paris, its first outside the UK, opens before the end of 2026, and PORT is rolling out a new robotic delivery system in partnership with Royal Mail.
We believe robotised logistics does not start with the robot; it starts with the infrastructure, operations and data required to put robotics to work in the real world. We have spent years building that foundation. Now, with this investment, we are focused on the physical AI and robotics that will run on top of it. The success of autonomous urban delivery will hinge on access to reliable training data and established urban infrastructure which enables autonomous vehicles to be stored, charged and deployed from locations close to the point of delivery. PORT has spent years building that foundation. Now, we are bringing the infrastructure, physical AI and robotics together into one system.
PORT’s impressive, proven commercial operation provides the ideal foundation for the next evolution of autonomous, robotic urban infrastructure. The environmental and economic advantages of driverless delivery are well established, but the missing real-world data layer has, so far, been a prohibitive limitation. PORT is actively building that data and already has the infrastructure in place to be able to make better use of it than anyone.
We are always looking for solutions and partners to help elevate our customer proposition, reduce our costs and reach our sustainability goals. The PORT team are providing us with access to frontier technology and expertise that can help us unlock the next evolution of urban logistics. We want to be at the forefront of this last-mile innovation, and look forward to continuing and deepening our partnership.
