MoveByBike Invests in Sustainable Cooling Tech

MoveByBike, a frontrunner in eco-friendly logistics, has announced a significant investment in reusable cooling boxes and active cooling units. This strategic move aims to enhance the sustainability of their operations in Copenhagen, aligning with the company's long-term vision for climate-smart logistics.

The innovative technology is designed to maintain low operational weight while minimizing resource consumption, thereby improving the efficiency of cold chain logistics. This development is particularly crucial for sectors like food and pharmaceutical distribution, where temperature control is paramount.

The investment is supported by SMV:Grøn, which offers up to 150,000 DKK for investment costs and an additional 150,000 DKK for consultancy support for implementation and business integration. This financial backing is expected to accelerate the project's rollout by 2025, providing a boost to MoveByBike's Danish operations.

Fredrik Videlycka, interim CEO of MoveByBike Europe AB, emphasizes the importance of this support, stating, 'Receiving this support enables a faster and more effective implementation of solutions that combine sustainability, technology, and business benefits. It is a testament to the fact that our ideas meet a need not only among customers but also within society at large.'

With over 3 million deliveries since its inception, MoveByBike is committed to expanding its services and solidifying its position as a leader in last-mile mobility across the Nordics. The integration of circular cooling technology is a significant step towards achieving this goal.

For investors, this development presents an optimistic outlook. The company's focus on sustainable innovation and strategic growth in the Danish market could enhance its market position and profitability. Therefore, the recommendation is to hold the investment as MoveByBike continues to expand its sustainable logistics solutions.