Thailand has secured a significant investment from a Japanese venture capital firm, in partnership with a fund from a leading Singaporean university and a South Korean financial institution. This new funding will support the company’s expansion into Vietnam, with plans to extend its digital less-than-truckload (LTL) network by 2025. This investment will enhance the company’s capabilities, offering valuable expertise and industry connections, and strengthen its support from additional investors. The firm aims to build on its success in Thailand to drive transformation in Southeast Asia’s transportation sector, with a strong emphasis on sustainability.
Established in 2019, the logistics provider delivers a range of services, including door-to-door cargo transportation and LTL and palletised cargo solutions. The company’s objective is to develop a connected truck transport network throughout Thailand and the ASEAN region, enhancing logistics efficiency while reducing CO2 emissions and the need for additional trucks on the road.
Central to its green innovation is an AI-driven freight management system that optimizes truck-loading plans and coordinates asset movement across its network. The company’s services also include air and ocean freight management, customs clearance, warehousing, distribution, and specialized offerings such as fulfilment and co-packing, all designed with sustainability in mind.
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