TransTRACK, an Indonesian fleet-tracking startup, has announced the closure of its oversubscribed US$12 million Series A funding round. Eurazeo and Cocoon Capital led the round, which also saw participation from IFP Securities, Bintang Delapan, and AppWorks.
With the money, the logistics technology firm plans to quickly expand throughout Southeast Asia, with a focus on Indonesia, Singapore, and Malaysia. The company intends to grow outside the area as well, focusing on international prospects in countries such as Australia and Taiwan.
Additionally, it offers supply chain information on a single platform, boosting margins, new income streams, and customer involvement while promoting efficiency, productivity, and company expansion. The firm also provides marine transport optimization, carbon footprint analytics, and a dashboard for carbon emissions.
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Because TransTRACK’s solutions can handle typical issues including disjointed logistics networks, high operating expenses, and uneven delivery performance, they are successful throughout Southeast Asia. TransTRACK helps companies cut overtime, fuel and labor expenses, total miles driven, and idle time by thirty percent while increasing fleet utilisation and productivity by forty percent.
Businesses may maximize operations, reduce delays, and raise service standards with real-time insight, predictive analytics, and simplified procedures. With more than 150,000 subscribers, TransTrack provides services to over 1,200 customers in 130 cities in Indonesia, 30 cities in Malaysia, and Singapore. Logistics, public transportation, retail, finance, mining, ports & marine, industrial services, plantation & forestry, and other sectors are among the industries served by its solutions.
About TransTRACK
TransTrack, a company founded in 2019 by Anggia Meisesari and Aris Pujud Kurniawan, provides fleet management, transportation, and truck appointment systems for logistics organizations looking to optimize their operations. These systems are backed by AI and IoT.
