MTR Lab, Cyberport invest in Hong Kong logistics start-up alfred24 that offers sustainable delivery solutions
- Solutions provided by the automated parcel operator help to reduce last-mile carbon emissions by 70 per cent, company says
- Start-up plans to double its presence in Hong Kong to over 2,000 locations and expand its business into the Greater Bay Area
Alfred24, which specialises in automated parcel lockers and provides software solutions for locker operators, will use the funding to invest in sustainable solutions such as battery and solar-powered Bluetooth lockers to optimise its technology, as well as “reduce carbon emissions related to the last-mile delivery by 70 per cent”, according to a statement on Tuesday.
“Traditional e-commerce logistics requires the equivalent of 17 carbon dioxide-emitting vans per 1,000 deliveries, while alfred24 requires the equivalent of just four,” said Christian Secci, co-founder and CEO of alfred24 in a statement.
“With our innovative parcel lockers, residents can soon shop until 8pm and collect their parcels as early as 8am from any convenient alfred24 collection point along their daily commuting journey, reducing the need for daytime deliveries and cutting 13 vans for every 1,000 deliveries.”
The start-up plans to double its presence in Hong Kong to over 2,000 locations, expand its business into the Greater Bay Area and enter at least one other Southeast Asian country by 2025.
Alfred24 currently has customers in 14 markets, including Hong Kong, Indonesia, Malaysia, Singapore, Australia and the United Kingdom.
