Evri to invest £19m as it plans to expand electric bike supply

Delivery giant Evri has revealed plans to invest £19m to rapidly expand its fleet of electric cargo bikes operating in Oxford.

The company said it plans to deliver about 3,000 bicycles over the next decade.

Evri, which changed its name from Hermes in 2022, said it would expand its fleet of e-cargo bikes from 33 to 99 and increase the number of electric vehicles from 168 to 270 over the next year.

READ MORE: Farmhouse for sale after becoming wildlife conservation center

The company said it is part of its ambition to become the UK’s “most sustainable” parcel delivery company and is working to become a net zero company by 2035.

In addition to its Oxford operations, Evri already has electric cargo bikes operating in London, Bristol and Cambridge, and the company currently delivers 1.5 million parcels a year by bike or electric vehicle.

The company, which employs around 8,000 people in the UK, aims to triple that number to around four million over the next year.

Martijn De Lange, CEO of Evri, said: “Pedal Power will accelerate our efforts to transform parcel delivery in the UK as we aim to become the largest electric cargo bike operator in the sector.

“We have achieved a nine percent reduction in greenhouse gas emissions since last year.

“The £19 million investment announced today will lay the foundations for Evri’s ambition to become the UK’s most sustainable parcel carrier.”