Nowadays, over 2 million people in Sweden use the company’s parcel locker offering
According to Ecommerce News, Instabox has quadrupled its revenues in Sweden last year, going from €6 million to €24 million.
Meanwhile, the number of users grew over 150%.
In 2019, Instabox generated revenues in Sweden worth 63 million Swedish krona (€6.14 million). In 2020, revenues were worth almost 4 times as much as they increased to 246 million Swedish krona (€23.99 million).
Along with that, Instabox more than doubled its number of automated parcel machines and recruited over 700 people in 2020.
According to the press release, it also launched a home delivery service that’s operated on bicycles.
We’ve reported that researchers developed fabric-friendly NFC sensors.