BBTruck, a Taiwan-based supply chain and logistics technology firm, has announced the successful closure of its pre-series A funding round, bringing its total funding to $6.5 million.
The firm said in a statement on Tuesday that the round was spearheaded by Oasis Venture, H2U Corp., and StarWorks Entrepreneurial Venture Capital.
According to the statement, this new capital infusion will accelerate BBTruck’s global market expansion, particularly in North America and Southeast Asia, and bolster product development and talent acquisition initiatives.
The firm aims to revolutionize supply chain logistics with its cutting-edge technology, aspiring to create a comprehensive global logistics technology ecosystem.
“From day one, BBTruck envisions a global logistics technology ecosystem that ensures flexibility and efficiency. We are excited to have the support of such esteemed investors as we embark on this next phase of growth,
“This funding will enable us to enhance our technology offerings and expand our presence in key markets, allowing us to better serve our clients and fully transform the logistics industry,” said Steven Chou, Chief Executive Officer and Co-founder of BBTruck.
Founded in 2019, BBTruck is a firm offering a one-stop business to business (B2B) supply chain logistics platform that enables precise capacity calculation and allocation.
To date, the firm has served over 50 international enterprises across diverse industries, including top server providers, renowned Japanese automation and electronics manufacturers, global tire industry giant, major Japanese international logistics brand, and Taiwan’s top home delivery service.
It is noted that Taiwan’s logistics sector suffers from inefficiencies due to reliance on manual processes and phone orders, leading to frequent empty return trips.
BBTruck bridges this gap with its transparent logistics management platform, which integrates crucial data on truck sizes, devices, real-time orders, capacity, and addresses.
By leveraging big data analysis, the firm’s platform automatically allocates the most suitable transport fleet, maximizing logistics resource efficiency, cutting empty truck rates by nearly 75 percent and improving order placement and cargo tracking efficiency by over 40 percent, resulting in significant cost savings for customers.
Additionally, BBTruck offers a real-time cloud data center that lets enterprises monitor capacity data, track shipments, and view routes via an intuitive user interface.
The platform’s application programming interface (API) integration facilitates seamless data exchange across multiple carriers and freight companies, streamlining orders placement, shipments tracking, and document retrieval from a single interface.
This integration significantly reduces manpower costs and enhances the overall logistics experience.
In line with the global goal to achieve net-zero carbon emissions by 2050, BBTruck said the firm is also dedicated to promoting sustainable logistics.
Acknowledging the environmental impact of logistics and capacity waste, it noted the firm employs innovative technology to drive efficiency and sustainability.
Certified under Taiwan’s ISO 14067 standard for product carbon footprint, it noted its platform utilizes big data to optimize transport efficiency and reduce carbon footprints, assisting enterprises in achieving carbon-neutral logistics and fostering sustainable supply chain development.
BBTruck is also advancing its logistics data carbon auditing, allowing enterprises using its solution to access carbon emission data for external logistics providers under Scope 3 of the GHG Protocol.
This facilitates their transition to greener practices and offers a competitive advantage in sustainable supply chains.
Looking ahead, BBTruck said it will continue to harness innovative technology to enhance transportation efficiency, reduce carbon emissions, and promote sustainability in logistics, paving the way for a more sustainable future.
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