UAE-based B2B techno-logistics platform Trukkin gets Saudi cash injection
Trukkin, the B2B techno-logistics platform, has announced it will be receiving an undisclosed amount of funding led by Saudi Arabia’s Batic Investment and Logistics Co for a pre-series round.
Trukkin was launched in 2017, and in a short period of time, has matched industry expectations with significant commercial transport capabilities, shipping over 5,000 heavy cargo truck movement across the GCC.
Trukkin is committed to making pivotal investments in technology and operations to make the Middle East logistics and transport space more efficient and transparent, and to optimize commercial transport in the region.
BATIC is the only large publicly listed logistics and private security company in Saudi Arabia and has implemented a consolidation strategy focused on building a unique Saudi logistics national champion.
The roadmap to build this national champion is focused on identifying accretive and unique acquisition targets and investments to achieve the required level of excellence that global clients expect.
Batic is taking a comprehensive view on technology from both a traditional logistics model to the new asset light technology platforms that are destined to upend the current logistics’s paradigms.
“Support from marquee institutions like Batic is a testament to the fact that we are on the right track. The investment will allow us to further scale our operations and continue the growth of the company,” said CEO Janardan Dalmia of Trukkin.
“We have been closely monitoring the traction of the business for the past few months and are very excited about the potential opportunity Trukkin presents in this field. We have tremendous faith in the execution capabilities of its team and are very happy to join hands with them,” said Omar Al Mohammady, CEO of Batic.
The Middle East region carries huge potential in techno-logistics, but is still tied up with traditional operating processes.
Trukkin is an aggregator, full-scale commercial and land transport service provider, offering trucks at what it says are the most competitive prices along with technology enhancements such as shipment tracking, along with optimal utilization and effective fleet management.