URB-E, the compact container delivery network that’s working to replace trucks with bikes, says it’s raised an US$5 million Series A round led by UBS Group. In addition, entrepreneur Charles Jolley, a former Apple exec, joins the company as its new CEO.
He previously served as co-founder and CEO of Ozlo and Strobe, both of which were acquired by Facebook. He led both Platform and Android products while at Facebook and helped launch iCloud at Apple, having previously co-founded Sprout, which developed technology that was adopted by Apple. At Apple, he served from 2006 to 2010 running the JavaScript Frameworks Team and working on the HTML5 backend for MobileMe, iCloud and iWork.
URB-E says will use the new funding to further scale its local delivery networks to meet demand from its existing clients, as well as from cities looking to reduce traffic and emissions by moving to a containerized delivery solution.
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