Singapore-based digital logistics startup “Ezyhaul” announced that it received an investment of 836 thousand USD from Singapore logistics industry leaders, and the information about the investor group was kept confidential. Founded in April 2016, Ezyhaul aims to overcome the inefficiencies in Southeast Asian road transport with a total value of 27 billion USD with digital technology solutions.
Ezyhaul offers a digital network service similar to UBER, which logistics and transport companies can join free of charge and benefit from both in-country and cross-border transportation. Logistics companies benefiting from the system can monitor their cargo instantly on digital maps, as well as access all cargo-related documents digitally from my site. Ezyhaul states that the digital platform they created provides great benefits to vehicle owners, especially to finding return loads, as well as logistics companies.
Emphasizing that they have the opportunity to expand into other key logistics markets of South Asia, such as Malaysia, with the investment they have received, Raymond Gillon, the founding partner and CEO of Startup, said that they have achieved 80% growth every month since they went live, and Kuala Lumpur, who worked devotedly in this success, said, He states that their offices in Penang and Johor Bahru have a large share and that they are opening offices in two more main markets of South East Asia at the beginning of 2017.