The heart of tech

This article was published on July 3, 2014


    Rocket Internet launches SpaceWays to store Londoners’ stuff

    Rocket Internet launches SpaceWays to store Londoners’ stuff
    Martin Bryant
    Story by

    Martin Bryant

    Founder

    Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-qualit Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-quality, compelling content for them. He previously served in several roles at TNW, including Editor-in-Chief. He left the company in April 2016 for pastures new.

    Startup factory Rocket Internet has today unveiled its latest company. UK-based SpaceWays has launched to store the physical goods that Londoners don’t have space for in their small, overpriced apartments.

    Competing with existing self-storage warehouses, SpaceWays gives users a box they can fill with items that are then picked up and stored in a secure facility near London. This service costs a reasonable £6 ($10) per month per 67-liter box (with a minimum three-month commitment). Items that don’t fix in the boxes are charged at £6 each. Multiple boxes and items can then be returned at any time for a flat fee of £19 ($33).

    As is often the case with Rocket Internet ventures, the model is cloned from the US where companies like MakeSpace and Boxbee are growing in popularity. (Update: there’s an existing UK company too – hello, LoveSpace) Rocket is well known for starting (and ending) companies quickly, and we’re told that SpaceWays is the fastest launch in the incubator’s history – 8 weeks from inception to launch.

    Starting with London makes sense given that the exceptionally high price of property puts space at a premium there. SpaceWays plans to expand to other UK cities and to other countries “soon.”

    SpaceWays

    Don’t miss: Europe’s awash with cleaning startups as Rocket Internet’s Helpling expands to four new countries