Welcome to the April issue of “Across Logistics”, where we are presenting the latest logistics technology news that happened over the past month.
Here is the list of topics in this issue:
- Indonesia-based Freight Logistics Marketplace Kargo Secures $31 Million Series A Funding
- Shippo Raises $30 Million in Series C Investment
- Port of Antwerp Tests Smart Bracelet to Prevent Corona Infection on the Workfloor
- Transmetrics Launches Business Impact Explorer to Demonstrate the Impact of Coronavirus Pandemic on Your Business
- Ocean Network Express Targets Global Electronic Bill of Lading Capability by Mid-Year
- Video: Einride Showcases Multiple Vehicles, One Operator Technology for Autonomous Electric Transport
Logistics Technology Investment
Indonesia-based Freight Logistics Marketplace Kargo Secures $31 Million Series A Funding
Indonesia-based freight logistics marketplace Kargo Technologies (Kargo) has secured US$31 million Series A funding round led by Silicon Valley-based Tenaya Capital. As part of the round, Kargo was also to secure debt financing from some of the largest regional banks and financial institutions.
The funding round closes as Kargo joins the battle to curb the growing Covid-19 outbreak in the world’s largest archipelago. The startup is seeding a Logistics Relief Fund by asking all employees to contribute a portion of their salaries to aid transporters and ensure no disruptions to essential supplies in Indonesia.
“We have mobilized to answer this call to arms and do whatever is in our power to fight Covid-19 here in Indonesia. We’re grateful for our wonderful investors who continue to support us, even in a time of financial uncertainty. Kargo pledges to be the most reliable logistics partner to ensure no disruptions to the supply chain of essential items in Indonesia,” explained Kargo’s CEO Tiger Fang.
Shippo Raises $30 Million in Series C Investment
An integrated shipping and order management platform for e-commerce businesses, Shippo, has announced that it raised $30 million in Series C investment. The fundraise takes Shippo’s total funding to $59.3 million – more than doubling investment from its previously raised rounds.
Shippo provides a unified technology layer that acts as a one-stop-shop for e-commerce stores looking to offer a great shipping experience for their customers. It helps customers to connect with all the shipping providers, get hold of different shipping rates in the market, compare shipping labels, and get real-time tracking information – all from a centralized interactive dashboard.
The company forged a critical partnership last year, becoming the exclusive shipping partner of eBay Canada. It now seeks to expand its footprint outside North America, to Europe and Asia-Pacific.
The “Logistics Orchestration” Startup, Slync.io Secures $11 million to Coordinate and Activate Supply Chain
Port of Antwerp Tests Smart Bracelet to Prevent Corona Infection on the Workfloor
Port of Antwerp has teamed up with the tech company Rombit to prevent COVID-19 infection on the workfloor. Rombit has developed the Romware Covid Radius, a digital bracelet that ensures social distancing and permits contact tracing. Port of Antwerp will be the first to use this innovative bracelet.
The new Covid bracelet is aimed in the first place at social distancing. Whenever employees come too close to one another they first get a warning signal. However, privacy is guaranteed: the Covid Wearable never passes on the location or other sensitive information to the employer. At the same time, the bracelet permits contact tracing: if someone happens to be infected then a health advisor or trusted confidant can check which work colleagues the person has come in contact with, in order to prevent further infection.
“Innovation and digital transformation are crucial in times of crisis such as these. It is essential to keep the port operational and to ensure that our employees can work safely. We, therefore, see great potential in this solution and will shortly start trials with a team of operatives,” added Port of Antwerp CEO, Jacques Vandermeiren.
Transmetrics Launches Business Impact Explorer to Demonstrate the Impact of Coronavirus Pandemic on Your Business
In April, Transmetrics has launched the Business Impact Explorer, which lets executives check the impact of COVID-19 outbreak on their business. The tool uses probability analysis to determine the impact of “out-of-the-ordinary” events on business metrics and is built with the same technology that Google uses to assess the effectiveness of ads.
It is one of the initiatives which is developed as a part of the Transmetrics project that has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 945610.
Since the tool is developed for use on desktops and laptops, there might be some issues with displaying it on mobile.
Other Logistics Technology News
Ocean Network Express Targets Global Electronic Bill of Lading Capability by Mid-Year
Ocean Network Express (ONE), the world’s sixth-largest container line by TEU capacity, and essDOCS, the leading enabler of paperless trade, have announced that ONE recently handled its first-ever electronic, negotiable Bill of Lading (eB/L) via essDOCS’ paperless document solution, CargoDocs. ONE has also selected essDOCS to power its upcoming Bill of Lading digitization initiative that will use the capabilities of CargoDocs to share, review and approve draft bills of lading and sea waybills (whether paper or electronic) online for all ONE customers globally.
In the next phase of the project, ONE will allow customers to use electronic bills of lading on a regional and subsequently global basis commencing in Q2 2020, as part of ‘ONE eCommerce’ initiatives aimed at delivering an improved, digital customer experience.
Video: Einride Showcases Multiple Vehicles, One Operator Technology for Autonomous Electric Transport
“Swedish technology company Einride showcases a new capability for the first time at a customer site: the ability for one remote Autonomous Electric Transport (AET) operator to switch between and control multiple vehicles. In the future, teams of remote operators will be able to oversee several autonomous Pods at once, switching to remote drive functionality on demand for more complicated or unforeseen maneuvers.”