Pelipod, the smart parcel delivery box company is relocating to Bristol and becoming a member of the SETsquared business incubation programme.
Founded in 2013, Pelipod has created a connected, secure, unattended parcel box that uses machine-to-machine communications to transmit secure codes for parcel and user access; allowing both deliveries and returns from designated premises. The system is entirely self contained and requires no integration for power or communications.
Pelipod is joining SETsquared, one of the most successful business incubation organisations in the world. Karl Wills the founder and CEO of Pelipod said “we have brought our product to market and the scale of both the B2B and B2C opportunity is immense. To fully capitalise on the UK and international opportunities before us we were keen to be part of an organisation with a proven ability to help technology organisations grow exponentially. SETsquared has an unrivalled track-record of assisting UK businesses become global successes and we are delighted to be accepted as a member of the Bristol centre”
The Pelipod product began field trials late last year and has started commercially selling to consumers in March 2015 and now has a number of live customers across the UK. In addition, the product has attracted significant interest from UK and international carriers for both B2B2C and B2B opportunities.
Nick Sturge, Centre Director for SETsquared Bristol stated “we have known Pelipod since its early days and it has a great and well thought-out solution for the big problem of the unreliability of parcel delivery. We recognised the huge growth potential of Pelipod and the strength of the founding team and are delighted to have them join us in Bristol”
Engine Shed, which houses the Bristol SETsquared Centre, has installed a Pelipod to streamline receipt of its own deliveries and continue its model of being an early adopter of innovative technologies and methodologies.
SETsquared is a collaboration between the universities of Bath, Bristol, Exeter, Southampton and Surrey which provides services to accelerate businesses and boost enterprise.
Its incubation programme specialises in growing technology start-ups from bases or ‘incubation centres’ at each of the five universities. Start-up companies do not have to be based in one of the SETsquared centres, non-residents can be part of the programme, benefitting from the same world-leading mentorship, networking opportunities and access to investors.
In the last 10 years, the SETsquared Partnership has supported around 1,000 companies and helped them raise more than £1bn in capital.