London-based electric delivery company Hived has announced a new strategic partnership and a £2m investment from Japanese transport group Yamato Holdings.

The agreement will see both companies collaborate to leverage their respective expertise and knowledge to advance sustainable and tech-driven logistics across both the UK and Japan.

Founded in 2021 by co-chief executives Murvah Iqbal and Mathias Krieger, Hived is seeing growth of around 20% month-on-month and already boasts Nespresso, Zara, John Lewis and Uniqlo among its customer base.

Yamato commands 47% of Japan’s logistics market and handles over 2.3 billion parcels annually.

Iqbal said: “This partnership represents a game changing moment for Hived. As a world-leader in logistics, Yamato brings a wealth of knowledge and experience that will accelerate our growth and improve our operations.

“We are excited about what the future holds as, together, we seek to push the boundaries of what modern delivery services can offer.”

Yasuhiro Saito, Yamato Holdings head of innovation and investment, added: “We are excited to partner with and invest in Hived, recognising the future potential of its delivery network centred on digital and electric vehicle solutions.

“We believe Hived’s model will offer customers new value and a transformative delivery experience. As partners, we aim to collaborate closely, exchanging business insights to drive growth together.”

The company added that the collaboration also aligns with the goals of the Hiroshima Accord between the UK and Japan, signed in 2023, which focuses on greater collaboration and investment across key strategic sectors, such as technology and sustainability.

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