Swiss Post buys majority stake in “notime”

Swiss Post has bought a majority stake in notime – a technology company which has developed an online platform for bicycle courier services.

Founded in Zurich in December 2o14, notime has – according to Swiss Post – ” developed a platform to which online sellers can easily connect”.

Swiss Post added: “This means that everything from placing an order to route planning and delivery of goods on the same day can be automated. The goods ordered online through “notime” are then delivered directly to the customer’s front door in an environmentally friendly way via bike courier.”

Swiss Post said that the notime platform allowed customers to arrange fast, flexible, eco-friendly deliveries in urban areas – and it sees this as “a current niche that will develop into a relevant market in the foreseeable future”.

The postal operator said that it had already worked successfully with notime in the past. The companies have decided not to disclose the amount of Swiss Post’s investment in “notime”.