Bahn Categorical, a Helsinki-based logistics startup, has efficiently closed a €920k pre-Seed funding spherical to advance its answer for quicker, more cost effective cross-border used automobile deliveries.
The spherical was led by Innovestor and Trind Ventures, with participation from Wave Ventures and notable angel buyers, together with Jiri Heinonen (Co-founder of Swappie), Ekaterina Gianelli (ex-Inventure accomplice), and Tony Honkanen (growth group Wolt).
Matias Blomberg, Founder & CEO of Bahn Categorical envisions a future the place the corporate leads the European cross-border automotive logistics market: “Our mission is to create a seamless, dependable, and scalable logistics system for automobile transportation. By doing so, we’re not solely serving to dealerships improve their earnings but in addition modernising your complete means of automobile transportation to fulfill the wants of right now.
“Our final imaginative and prescient is to determine a European-wide driver community able to delivering automobiles throughout borders inside just some days, making certain quicker and extra environment friendly logistics for your complete continent.”
Based in 2024 by Matias Blomberg and Atte Vesala, Bahn Categorical leverages expertise and a driver-based community, decreasing supply occasions from an business common of 10-30 days to simply 2-5 days.
In accordance Bahn Categorical, used automobile dealerships lose important earnings attributable to lengthy supply occasions, with automobile worth depreciation, tied-up capital, and slower inventory turnover costing as much as €50-€100 per automobile each day.
In only one 12 months, the corporate has grown from zero income to over €150k in month-to-month turnover, securing partnerships with Finland’s largest used automobile dealerships, which collectively account for over 70% of imported automobiles.
With over 1,500 profitable deliveries accomplished by its community of greater than 300 certified drivers, Bahn Categorical is on observe to develop operations to Germany and different nations in 2025.
Petri Laine, Accomplice at Innovestor highlighted the corporate’s means and the rising demand for quicker used automobile logistics: “The used automobile market is evolving quickly, with demand rising and clients anticipating quicker deliveries and vehicles matching precisely to their wants, Bahn Categorical has recognized this fast-growing want and, with excellent execution, has launched an revolutionary answer. We actually consider within the firm’s potential to turn into a serious participant in reworking Europe’s multi-billion-euro used automobile logistics market.”
Reima Linnanvirta, Accomplice at Trind Ventures, additionally added: “I first got here throughout the Bahn Categorical group once they had been within the Ignite acceleration program run by Aalto ES. Again then, I already famous their drive and dedication, and determined that this can be a group to control. They moved from that mission to Bahn Categorical, and seeing what they’ve been capable of construct in the course of the early days of the corporate confirms my perception that this can be a group that really can execute.”
