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ridelogix secures funding to revolutionize urban retail logistics sustainably
Ridelogix, co-founded by Lili and Serhat Kyuchuk-Pakyuz, has secured pre-seed funding from Bethnal Green Ventures to enhance its intelligent inventory management and e-cargo bike delivery system, aimed at improving urban retail logistics and sustainability. The startup addresses significant retail challenges, including waste and inventory distortion, which cost retailers $1.77 trillion in 2023. With over 5,000 zero-emissions deliveries completed, Ridelogix seeks to become the operating system for efficient urban inventory replenishment, responding to strong retailer interest and expanding its services.