Bahn Express, a Helsinki-based logistics startup, has successfully closed a €920k pre-Seed funding round to advance its solution for faster, more cost-effective cross-border used car deliveries.
The round was led by Innovestor and Trind Ventures, with participation from Wave Ventures and notable angel investors, including Jiri Heinonen (Co-founder of Swappie), Ekaterina Gianelli (ex-Inventure partner), and Tony Honkanen (expansion team Wolt).
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 modernising 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.”
Founded in 2024 by Matias Blomberg and Atte Vesala, Bahn Express leverages technology and a driver-based network, reducing delivery times from an industry average of 10-30 days to just 2-5 days.
According 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, the company 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.
Petri Laine, Partner at Innovestor highlighted the company’s ability 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.”
Reima Linnanvirta, Partner at Trind Ventures, also added: “I first came across the Bahn Express team when they were in the Ignite acceleration program run by Aalto ES. Back then, I already noted their drive and determination, and decided that this is a team to keep an eye on. They moved from that project to Bahn Express, and seeing what they have been able to build during the early days of the company confirms my belief that this is a team that truly can execute.”
Read the orginal article: https://www.eu-startups.com/2025/02/bahn-express-lands-e920k-to-slash-used-car-delivery-times-from-weeks-to-days/
