Dubai-based techno-logistics firm Trukkin raises over $3.5 million in its latest funding round from marquee investors, including the Al-Namlah Family Group, the Al-Madi Family Group, and the Abanumay Family Group. Batic Investments and Logistics, a publicly listed company on Tadawul also took part in the round and remain one of the key investors in the startup.
With the new funds, Trukkin plans on expanding its services across the GCC. So far, they’ve shipped to more than 200 locations in the Middle East. Within Saudi Arabia alone, Trukkin completed over 10,000 long-haul, business-to-business truck movements.
According to the Founder and Chief Executive Officer Janardan Dalmia, Trukkin operates on an ‘asset-light’ model, whereby they don’t own the trucks. “Our focus on overall service lets us improve both the customer and transporter experience and also increase asset utilization and reduce inefficiencies,” he said.
What’s awesome about Trukkin is that it serves everyone, ranging from big businesses who order about 100 trucks a day, to smaller ones who order as few as three trucks a month. Available through an app and website, Trukkin provides transparency and easier access to trucks with truckers who require higher fleet utilization.
Trukkin’s operations are in line with the Saudi Vision 2030 plan to diversify the Kingdom’s infrastructure, especially as it focuses on the National Industrial Development and Logistics Program (NIDLP) – an initiative that’s working on making Saudi a “leading industrial powerhouse and a global logistics hub.”
For more information read here.