Ingka Investments, the investment arm of Ingka Group, owner and operator of 389 IKEA stores and e-commerce in 32 countries, has invested close to £12 million in what3words,
The investment will be used to launch what3words in new international markets while continuing to develop partners within the e-commerce and logistics sector.
Krister Mattsson, Managing Director of Ingka Investments says “We are delighted with this new investment in what3words as they are an innovative company and we are confident of their continued growth. With an increasing demand for home deliveries, scalable and sustainable solutions are becoming increasingly important. We see value in helping to support the build-up of a universal addressing system that can lead to better customer experience, while the precise locations will allow for a reduction in overall miles travelled, reducing the carbon footprint of home deliveries”.
what3words has created an innovative solution to the problem of poor and …