2023年5月3日

UKHotViews我希望马赛厄斯·克里格和Murvah Iqbal,联合创始人和首席执行长(无可奉告)总部位于伦敦的业务“可持续”包裹递送公司,分拆,注意乳房的财务业绩(或缺乏)。乳房的结构(不同于流动性——即交付服务。,cabbie services) comprised just over 50% of its $31.4bn in gross bookings but 35% of it $8.8bn revenues in the first quarter of the year. ‘Adjusted’ EBITDA for Delivery was just $288m vs over $1bn for Mobility. Given that Uber recorded a ‘real’ operating loss of $262m, I suspect that Delivery was heavily loss-making. When I first wrote about HIVED back in September 2021 (see Backers buzz around HIVED to build ‘emission-free’ delivery service ), I admired the founders’ quest for a ‘green’ delivery service, but struggled to see how the business would make any money (my view on pretty much all ‘on demand’ delivery startups). Indeed, according to HIVED’s accounts, at the end of July last year they had just £76k left in the bank, with debtors owing them a little over £400k. But backers seem to have faith, with news that Planet A Ventures has led a £10m Series A funding round for HIVED with Maersk Growth; seed investors Eka Ventures and Pale blue dot followed on. As a result, Iqbal and Krieger appear to have given up control of the startup. However ‘green’, HIVED is first and foremost an asset-heavy logistics business. They have lots of competition, from startups to the big-uglies, many of whom are already going electric. I don’t understand the differentiation or path to profitability.