Scania Growth Capital, a corporate venture capital fund of the Swedish manufacturer Scania, has reportedly announced an investment in UK-based urban logistics tech platform Parcelly to boost growth plans in Europe and the U.S. Speaking on the recent infusion, Christian Zeuchner, Investment Manager for Scania Growth Capital, stated that Parcelly is an apt candidate with a transformed vision for management of local warehouses, ultimately elevating the efficiency of last mile delivery. Since the logistics company is well-positioned with most retail market and segments, it makes sense for Scania to invest and aid future growth of the platform. Moreover, the infusion is also considered a crucial strategic move to boost the portfolio of Scania Growth Capital, said Mr. Christian. Commenting on the latest funding after welcoming Scania Growth Capital on board as investors, Sebastian Steinhauser, Founder and CEO of Parcelly, said that the company has been committed to the introduction of its core product proposition catering to global clients.

Source: Economic Times April 01, 2022 00:03 UTC