How Trucknetic is connecting shippers to carriers and digitising the trucking industry
April 4: Trucknetic is a trucking technology platform that aims to connect shippers with owner-operators and small fleets. It offers an end-to-end logistics solution that combines a freight marketplace with company drivers and partnerships to provide services for drayage, over-the-road, and transloading.
The company provides a digital platform and mobile solution for the freight shipping industry. We connect shippers with a trusted network of carriers, streamlining the process of placing, tracking and paying for shipments. Our platform empowers our customers by unifying communications, providing end-to-end visibility and ensuring compliance.
It is India’s first online transport and logistics company, which solves the need for laborious phone calls and emails encountered by shippers and carriers daily, our mission is to bring greater visibility and connectivity to the logistics industry to reduce waste.
“The power of software and technology, combined with relationships, has the potential to make the whole freight and logistics value chain much more efficient and effective,” says Arham, Founder and Chief Trucking Officer, Trucknetic, which got its start replacing truckstop load boards of handwritten note cards pinned to a bulletin board with electronic displays.
The company has more than 50000+ downloads on Trucknetic Carrier application and 15000+ downloads on Trucknetic Shipper application and has moved close to 100,000 metric tonnes of goods.
Trucknetic has a network of close to 200,000 fleet owners and 50,000 transporters which roughly translates to over 1 million trucks in our network. It has done revenue of USD 3 Mn since December 2019.
The platform is highly diversified across commodities, truck types and lanes.
The company has moved diverse commodities such as coal, chemicals, edible oils, glass, plywood, etc. across the country for long, short and medium haulage.
The logistics company is also on an expansion drive and is looking at a first round of funding to raise up to USD 10 million by the end of May.
The company is in talks with few angel investors and are looking out for large venture capital funds. It also plans to use the proceeds from the fundraise to strengthen its existing software as a service (SaaS) and analytics-based supply chain management solutions, through both organic and inorganic routes.
Trucknetic will also be enhancing operating robustness through a scalable, modular technology platform, which will help augment user experience and assist in building a large trader community.
Trucknetic has a host of prestigious brands as its clients including such as Patanjali, Action Tesa, Nuvoco, Gulshan Chemicals, etc. and has received numerous awards and opportunities for its hard work and passionate vision, including the 10 most trusted logistics & supply chain brands 2021, top placer logistics 2021, best shippers, and carriers marketplace platform (APAC).
It is one of the chosen startups in the Microsoft AI innovation – manufacturing and logistics cohort, in which Microsoft is helping Truckentic to build a proof of concept on solving the return load problem and demand forecasting using Artificial Intelligence and Machine Learning.
The logistics company uses AI/ ML for demand forecasting which help it to seamlessly solve the problem of return load in real-time which ultimately helps to bring the cost of logistics in India down which is currently 14 – 18 per cent of GDP as an expense as compared to 8 -10 per cent globally.
Trucknetic is India’s first online platform which provides all kind of trucks for full truck load (FTL) and partial truckload (PTL) movement pan India. It’s a one-stop-platform for trucks.
For more details, Visit: https://trucknetic.com/