Helsinki-based startup Bahn Express has raised a €920K pre-seed round led by Innovestor, with participation from Wave Ventures, Trind Ventures, and angel investors including Jiri Heinonen (Swappie co-founder), Ekaterina Gianelli (ex-Inventure partner), and Tony Honkanen (ex-Wolt expansion team). Founded in 2024, the company develops a logistics platform that reduces cross-border used car delivery times from 10-30 days to 2-5 days by leveraging a driver-based network. With over 1,500 deliveries completed and €150K in monthly revenue, the funding will support its expansion into Germany and other European markets while scaling its operations to meet growing demand.
Founded in early 2024, Bahn Express optimizes cross-border used car transportation by combining technology and a driver-based delivery network. The startup’s unique approach reduces delivery times from an industry average of 10-30 days to just 2-5 days. Without Bahn Express, used car dealerships lose significant profits due to long delivery times, with car value depreciation, tied-up capital, and slower stock turnover costing up to €50-€100 per car daily.
In just one year, Bahn Express has grown from zero revenue to over €150k in monthly turnover, securing partnerships with Finland’s largest used car dealerships, which collectively account for over 70% of imported vehicles. With over 1,500 successful deliveries completed by its network of more than 300 qualified drivers, Bahn Express is on track to expand operations to Germany and other countries in 2025.
Matias Blomberg, Founder & CEO of Bahn Express envisions a future where the company leads the European cross-border automotive logistics market:
“Our mission is to create a seamless, reliable, and scalable logistics system for car transportation. By doing so, we’re not only helping dealerships increase their profits but also modernizing the entire process of car transportation to meet the needs of today. Our ultimate vision is to establish a European-wide driver network capable of delivering vehicles across borders within just a few days, ensuring faster and more efficient logistics for the entire continent.”
Petri Laine, Partner at Innovestor highlighted the company’s impressive execution and the growing demand for faster used car logistics:
“The used car market is evolving rapidly, with demand rising and customers expecting faster deliveries and cars matching exactly to their needs, Bahn Express has identified this fast growing need and, with outstanding execution, has introduced an innovative solution. We truly believe in the company’s potential to become a major player in transforming Europe’s multi-billion-euro used car logistics market.”
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Read the orginal article: https://arcticstartup.com/bahn-express-raises-e920k-pre-seed/
