{"id":13880,"date":"2019-05-26T13:00:40","date_gmt":"2019-05-26T09:00:40","guid":{"rendered":"http:\/\/www.middleeastevents.com\/blog\/?p=13880"},"modified":"2019-05-26T13:00:40","modified_gmt":"2019-05-26T09:00:40","slug":"trukkin-raises-3-5-million-becoming-the-leading-truck-aggregator-in-the-gcc","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/trukkin-raises-3-5-million-becoming-the-leading-truck-aggregator-in-the-gcc\/","title":{"rendered":"Trukkin Raises $3.5 Million Becoming The Leading Truck Aggregator In The GCC"},"content":{"rendered":"

As \u201con demand\u201d services expand into more industries and market places, Trukkin is leading the way in digital logistics solutions for long-haul trucking.\u00a0 Launched in 2017, Trukkin is a techno-logistics firm based in Saudi Arabia and the United Arab Emirates operating throughout the Gulf Cooperation Council (GCC) region and beyond. The company works to innovate and simplify logistics and land transportation.<\/p>\n

Trukkin has raised over $3.5 million in the recent funding round, which included marquee investors from the AL-Namlah Family Group, the Al-Madi Family Group, and the Abanumay Family Group. Batic Investments and Logistics, a publicly listed company on Tadawul, remains as one of the key investors in the start-up.<\/p>\n

\u201cTrukkin\u2019s vision, operational efficiency, capital utilization, and sound business model drove us to partner with them in the region over other competitors. Trukkin knows the pulse on the ground.\u201d said Mohamed Al-Namlah, Managing Director of Amnest Group.<\/p>\n

By adding the new capital to the company, Trukkin will be able to significantly scale their services across the GCC region. The company has shipped to over 200 locations in the Middle East. In Saudi Arabia alone, Trukkin has completed over 10,000 long-haul, business-to-business truck movements. That is a significant accomplishment given that the country represents nearly 50% of the overall GCC market opportunity.<\/p>\n

Investor Al-Madi explained that they had been following the sector for months and were impressed with what Trukkin has been able to achieve. \u201cTheir team is very focused on the ground and has shown their operational prowess. We believe we can further add significant capabilities to Trukkin with our investment,\u201d Al-Madi said.<\/p>\n

Founder and Chief Executive Officer Janardan Dalmia explained how their model works. \u201cTrukkin operates on an \u2018asset-light\u2019 model, meaning it doesn\u2019t own the trucks. Our focus on overall service lets us improve both the customer and transporter experience and also increase asset utilization and reduce inefficiencies.\u201d<\/p>\n

Trukkin serves a wide range of customers. 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 utilization.\u00a0 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.<\/p>\n

Trukkin is fully aligned with the Saudi Vision 2030 plan to diversify the country\u2019s infrastructure, with a specific focus on the National Industrial Development and Logistics Program (NIDLP). The NIDLP is working to make Saudi Arabia a \u201cleading industrial powerhouse and a global logistics hub.\u201d<\/p>\n

CEO Dalmia says the company\u2019s aggressive growth strategy fully supports the vision. \u201cTrukkin is building up its marketplace to connect thousands of mostly independent truckers. The long-haul land transport market is highly fragmented and disorganized, and our aim is to institutionalize and professionalize this business,\u201d Dalmia explained.<\/p>\n

Trukkin is one of several startups gaining global recognition in the new industry. In 2018, a Wall Street Journal<\/em> headline noted that China\u2019s Truck Alliance, a truck hailing company, was on course for a $10 billion valuation. Blackbuck, India\u2019s largest trucking platform, was named CNBC\u2019s 2018 Startup of the Year reaching unicorn status in 2019.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

As \u201con demand\u201d services expand into more industries and market places, Trukkin is leading the way in digital logistics solutions for long-haul trucking.\u00a0 Launched in 2017, Trukkin is a techno-logistics firm based in Saudi Arabia and the United Arab Emirates operating throughout the Gulf Cooperation Council (GCC) region and beyond. The company works to innovate […]<\/p>\n","protected":false},"author":1,"featured_media":13881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/13880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=13880"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/13880\/revisions"}],"predecessor-version":[{"id":13882,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/13880\/revisions\/13882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/13881"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=13880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=13880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=13880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}