Haulio S’pore startup raises $ 7 million in Series A funding – Wired PR Lifestyle Story

Home startup Haulio announced yesterday (January 17) that it has raised $ 7 million for the Series A funding round.

According to the company, the new injection of funds will be used to boost stronger transportation capabilities, improve service quality, increase product engineering and development, strengthen talent acquisition, and boost regional growth.

The funding round was led by Heliconia Capital Temas, with the participation of new and existing investors from around the world.

New investors included Ondine Capital (China), Cornerstone Ventures (Taiwan), FuturePlay (South Korea), Newtown Partners Imperial Venture Fund (South Africa) and XA Network corporate executives.

Existing investors such as B7 Capital, ComfortDelGro, iSeed SEA, Iterative (USA) and unboxed PSA also took part.

“Haulio has created a powerful digital platform that connects the traditional offline transportation business, transforming first-mile logistics operations,” said Derek Lauk of Heliconia Capital.

“A deep understanding of this creative business should help accelerate growth at home and abroad. We look forward to working with and supporting the team.”

It expects revenue to triple by the end of 2022

Founded in 2017, Haulio aims to evolve the logistics and supply chain industry by providing on-demand transportation services, optimizing resources, ensuring cost and time savings.

In April 2021, Haulio officially opened his first regional office in Bangkok, Thailand. In less than nine months, the Thai office has made more than 500,000 containers and has surpassed seven figures in revenue.

Last June, Haulio CMA also met with CGM global shipping and logistics leaders to move its containers to the main corridor inside Laem Chabang and Lat Krabang, thereby significantly increasing Haulio’s presence in the country.

Haulio is poised for further expansion in the Southeast Asia region to follow the digital aggregation of the carrier network in Southeast Asia. To support his growth plans in markets such as Indonesia, Malaysia, the Philippines and Vietnam, Haulio said they are actively hiring key talents in strategic business functions.

“We embarked on a bold mission for Haulio to empower the lives of millions of carriers in Southeast Asia and make it a key platform for growth through our technology and networking effects,” said Alvia Ea, founder and CEO of Haulio.

“The complex and fragmented nature of our business remains a challenge, especially when container transport has often been a vertical lag behind. This investment will drive the growth of our region and the transition of transportation standards offline, as we continue to focus our approach to transporting and transporting all containers from Southeast Asia through our platform. ”

Haulio has also expanded its offering to include embedded financing and rental solutions, as it strives to be a key technology partner for the traditional segment of the carrier market.

In 2021, it partnered with Haulio Fintech, such as Funding Societies and Aspire, to provide faster payments and supply chain financing, as well as to provide first-class truck rentals with ComfortDelGro and Goldbell.

To date, it has negotiated more than two million containers, and more than half of the transactions have been completed in 2021 alone. Haulio expects revenue to triple by the end of the year as the global supply chain revives.

Featured Image Credit: Haulio