Managing own truck fleet of 3 to 15 machines does not allow economizing on a scale. It also restricts enough investment on the IT system and set up business processes in a way as to provide the required quality and low cost.
Outsourcing of this function and the transition to a commercial truck for “on-demand” purposes can dramatically reduce logistics costs while obtaining quality services at the most advanced level, including optimally traversed routes, order fulfilment control, availability of backup drivers, driver training etc.
Business: $100K revenue per month, growth of 15% per month, more than 850 connected trucks, more than 100 orders daily.
Deal: $2M cash-in to increase the number of connected parks, increase the number of customers and improve the product.
Deal Industry: Internet, Transportation
Deal Type: Venture investment