Technology
"Admin is Europe's growth tax": Agent F raises $4M to automate it away
By Katherine Langford
PORT raises €14.5M to take urban logistics from e-bikes to autonomous robots
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Tuesday, November 10, 2026 at 7:30 AM · 1 min read
Urban logistics company PORT has raised €14.5 million in a funding round led by the European Bank for Reconstruction and Development (EBRD) and Balnord, with participation from existing and new investors. The financing combines equity and debt and brings the company's total funding to €29 million, following €14.5 million previously raised through pre-seed and seed rounds. Founded in 2020 and led by Kamil Suda (CEO), PORT is developing an autonomous urban logistics system that combines physical infrastructure, AI and robotics. The company operates a network of microhubs and charging stations across the UK, providing e-bike subscriptions that allow delivery couriers to access electric vehicles without owning or maintaining them. PORT's platform serves more than 50,000 couriers and operates a fleet of approximately 3,500 e-bikes. Its infrastructure includes 24 microhubs across London, Manchester and Birmingham, occupying around 52,000 square feet of urban space, including underground car
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