London startup PORT raises €14.5 million to develop autonomous delivery robots
London-based startup PORT, which runs a network of e-bike micro-hubs for couriers, has raised €14.5 million to develop its AI Driver and autonomous delivery vehicles. The round was led by the EBRD and Balnord.
PORT, a London-based startup that turns underused city spaces into electric vehicle hubs, has announced a €14.5 million funding round. The money will go towards its proprietary AI Driver and autonomous delivery vehicles, building on a micro-hub network that already operates across the UK. The round was led by the European Bank for Reconstruction and Development (EBRD) and investor Balnord, with participation from existing and new backers. PORT previously raised the same amount in pre-Seed and Seed rounds, bringing total funding to €29 million.
How the model works
Founded in 2020, PORT offers couriers e-bike subscriptions through a network of micro-hubs and charging stations, where bikes are stored and charged close to delivery hotspots. The company operates 24 hubs in London, Manchester and Birmingham and says it has more than 50,000 couriers. The hubs sit in underground car parks, warehouses and railway arches, putting 52,000 sq ft of underused urban space to work.
Part of its 3,500-strong e-bike fleet now carries NVIDIA-powered cameras and lidar that capture data as couriers ride through London. When a bike returns to a hub, the data uploads automatically over a fibre connection. PORT picks out the situations that matter for training, from kerbs and cyclists to rare edge cases, and uses them to train its AI Driver for urban delivery. That software is meant to eventually run the company's own robots.
What comes next
Before the end of 2026, PORT will open a micro-hub in central Paris, its first outside the UK. It is also preparing to roll out a new robotic delivery system with Royal Mail, the UK postal operator. Since trailers were added to the fleet in September 2025, PORT's cargo bikes have delivered more than 300,000 parcels. According to the company, each delivery produces roughly 90% lower emissions than the equivalent delivery by diesel van.
