News Summary

Richmond, BC-based last-mile logistics tech startup UniUni has raised $85 million USD to expand its gig-powered delivery services across North America. The funding includes $30 million USD from an equity round led by Beijing-based private equity firm Rockets Capital and a $55 million USD credit facility from the Royal Bank of Canada. Additional contributions came from investors in Ontario, Québec, Hong Kong, and the Cayman Islands. UniUni, which started as Uni Express in 2019, uses passenger vehicles for e-commerce deliveries and partners with companies like AliExpress and Shein. The company aims to deploy advanced sorting machines and increase its delivery reach to cover 95% of the Canadian population and 75% of US residents.