BBTruck, a leader in supply chain and logistics technology, announced the successful closure of its pre-series A funding round. Led by Oasis Venture, H2U, and StarWorks Entrepreneurial Venture Capital, this round has brought BBTruck’s total funding to $6.5 million.
This funding round will accelerate BBTruck’s global market expansion, particularly in North America and Southeast Asia, and bolster product development and talent acquisition initiatives. And BBTruck aims to revolutionize supply chain logistics with its cutting-edge technology, aspiring to create a comprehensive global logistics technology ecosystem.
Launched in 2019, BBTruck addresses the fragmentation and integration challenges inherent in traditional logistics. And the company offers a one-stop B2B supply chain logistics platform that enables precise capacity calculation and allocation. BBTruck’s platform aims to make logistics management more transparent and efficient.
So far, BBTruck 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.
The pre-series A funding will help BBTruck focus on three key areas – accelerating expansion into North America and Southeast Asia, including Vietnam, Malaysia, Singapore, Thailand, and Indonesia; enhancing technical capabilities in capacity data analysis and integration; and recruiting top talent to grow its team. The company aims to build a transparent and shared global logistics ecosystem that provides enterprises greater flexibility in managing their supply chain logistics.
Taiwan’s logistics sector struggles from inefficiencies due to reliance on manual processes and phone orders, leading to frequent empty return trips. And 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 utilizing big data analysis, BBTruck’s platform automatically allocates the most suitable transport fleet, maximizing logistics resource efficiency, cutting empty truck rates by nearly 75% and improving order placement and cargo tracking efficiency by over 40%, resulting in significant cost savings for customers.
Plus, 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 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 reduces manpower costs and enhances the overall logistics experience.
In line with the global goal of achieving net-zero carbon emissions by 2050, BBTruck is dedicated to promoting sustainable logistics. And BBTruck employs innovative technology to drive efficiency and sustainability. It is certified under Taiwan’s ISO 14067 standard for product carbon footprint,
BBTruck is also advancing its logistics data carbon auditing, enabling enterprises using its solution to access carbon emission data for external logistics providers under Scope 3 of the GHG Protocol. And this facilitates their transition to greener practices and offers a competitive advantage in sustainable supply chains. Looking ahead, BBTruck 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.
KEY QUOTE:
“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.”
- Steven Chou, CEO and co-founder of BBTruck
