Saudi Arabia and UAE-based logistics firm Trukkin has raised $3.5 million in a funding round led by investors from the AL-Namlah Family Group, the Al-Madi Family Group, the Abanumay Family Group and Batic Investments and Logistics. The startup will use the investment to scale itsservices across the GCC region.
Launched in 2017, Trukkin operates throughout the GCC region and aims to innovate and simplify logistics and land transportation for long-haul trucking. The company claims to have shipped to more than 200 locations in the Middle East and to have completed over 10,000 long-haul, business-to-business truck movements in Saudi Arabia alone.
“Trukkin is building up its marketplace to connect thousands of mostly independent truckers. The long-haul land transport market is highly fragmented and disorganised, and our aim is to institutionalise and professionalise this business,” said Janardan Dalmia, CEO of Trukkin.
Through its app and online marketplace, the company brings together shippers who need more transparency and easier access to trucks with truckers who need better access to demand and higher fleet utilisation. Their client base ranges from businesses who order close to 100 trucks a day to ones with smaller needs who order as few as three trucks a month.