BBTruck extends Pre-Series A financing to over 6 million US dollars

New funding for product development, talent acquisition and global expansion to drive supply chain sustainability

TAIPEH, August 2024 - BBTruck, a global supply chain and logistics technology company, is pleased to announce the successful completion of its Pre-Series A funding round. The round, led by Oasis Venture, H2U Corp. and StarWorks Entrepreneurial Venture Capital, has increased BBTruck's total funding to $6.5 million.

Global market expansion

The new injection of funds will enable BBTruck to accelerate its global market expansion, particularly in North America and Southeast Asia. It will also be invested in product development and talent recruitment. BBTruck strives to revolutionize the logistics industry with its advanced technology and create a comprehensive global logistics technology ecosystem.

From the very beginning, we envisioned a global logistics technology ecosystem that guarantees flexibility and efficiency. We are delighted to have such prestigious investors on our side as we embark on this new phase of growth

Steven Chou, CEO and co-founder of BBTruck

global logistics technology ecosystem

Since its founding in 2019, BBTruck has tackled the challenges of fragmentation and integration in traditional logistics. The company provides an all-in-one B2B supply chain logistics platform that enables precise capacity calculation and allocation. The aim is to make logistics management more transparent and efficient. So far, BBTruck has served over 50 international companies from various industries, including leading server providers, renowned Japanese automation and electronics manufacturers, a global tire manufacturer, a major Japanese logistics brand and the leading home delivery service in Taiwan.

Innovative solutions for increased logistics efficiency and flexibility

The logistics industry in Taiwan suffers from inefficiencies due to manual processes and phone orders, often resulting in empty runs. BBTruck closes this gap with a transparent logistics management platform that integrates key data on truck sizes, equipment, real-time orders, capacities and addresses. Through big data analytics, the BBTruck platform automatically allocates the most suitable transport fleet, maximizes the efficiency of logistics resources, reduces empty runs by nearly 75% and improves efficiency in order placement and shipment tracking by over 40%. This results in significant cost savings for customers.

Additionally, BBTruck offers a real-time cloud data center that allows companies to monitor capacity data, track shipments and view routes through an intuitive user interface. The platform's API integration facilitates seamless data exchange between different carriers and freight companies, simplifying order placement, shipment tracking and document retrieval through a single interface. This integration significantly reduces labor costs and improves the overall logistics experience.

Promoting sustainable logistics

In line with the global goal of achieving net-zero emissions by 2050, BBTruck is committed to sustainable logistics. Recognizing the environmental impact of logistics and wasted capacity, BBTruck uses innovative technology to promote efficiency and sustainability. Certified to the ISO 14067 standard for product carbon footprint in Taiwan, the BBTruck platform uses big data to optimize transport efficiency and reduce carbon footprint. This supports companies in achieving carbon-neutral logistics and promotes the development of sustainable supply chains.