![]() In total, Instabox delivers more than 3m parcels a month. The company offers both smart lockers and fossil fuel-free home deliveries in Sweden, Norway, Denmark the Netherlands and as of recently the German market. Instabox is growing fast - it was recently ranked third fastest-growing tech companies in Europe by the Financial Times, with an annual growth rate of 300%. And that’s not an easy task necessarily, because we have to convince a lot of merchants all across Europe why this is a better idea,” Priftis says. “We want to create a world where shipping is branded, shipping is differentiated and the consumer can choose. Ecommerce shoppers now have the possibility to choose from as many as ten different delivery companies and methods. Startups like Instabox, Airmee and Budbee have been shaking up Sweden’s archaic delivery landscape in the last few years with branded last-mile delivery and lockers. Instabox currently operates 4,500 automated parcel machines. In Sweden we have created another type of experience,” cofounder and CEO Alexis Priftis says. You’re just presented with shipping and then like okay, sure, I’m gonna go for shipping. “In most markets, you don’t really have any choice as a consumer. Instabox now wants to translate its model to the rest of Europe - one market at a time. “I personally believe that it’s better for the entire value chain if as many parcels as possible go through lockers” ![]() To understand how DHL's parcel lockers work, read more here.After the company’s Series B last year valued it at €700m, this round has given Instabox a unicorn valuation, which was confirmed by the company. The software connects consumer, merchant, and courier to create a 24-hour self-service model that is entirely tracked over mobile. It is believed that newer models will become an integral part of future smart cities.Īt POST-EXPO 2018, a Hong Kong-based startup unveiled a smart locker solution utilizing Internet of Things (IoT), cloud and encryption. Many major logistics providers have installed such parcel lockers in convenient locations around the world. The concept took off and is now being adopted all over the world, especially as the number of e-commerce transactions continues to skyrocket. In 2001, Deutsche Post introduced Packstation, which allows for the self-service collection of parcels at any time. There is also an environmental bonus - the use of parcel lockers for delivery reduces traffic congestion and the carbon footprint from delivery vehicles. Retailers and logistics service providers can also achieve higher cost efficiency with aggregated deliveries to a single parcel locker station, as compared to making deliveries to multiple locations. Logistics companies incur high costs and inefficiencies when making multiple trips to complete one delivery. This helps to solve the problems that many last-mile logistics providers face - especially in highly-populated urban cities - that affect their productivity, efficiency, and expenditure. Parcel lockers offer customers the convenience to pick up their packages from a nearby secure locker that is accessible 24/7.
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