Monday, August 26, 2019

Ezyhaul raises Bt490m to spur growth push

Jul 10. 2019
Ezyhaul operates an extensive road fleet with a range of vehicle sizes to suit customers’ needs.
Ezyhaul operates an extensive road fleet with a range of vehicle sizes to suit customers’ needs.
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By Jirapan Boonnoon
The Nation

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Ezyhaul has raised Bt490 million in a series B round of funding to accelerate its growth plans and hasten its adoption of a digital freight and logistics management service across South Asia

Ezyhaul, a three-year-old digital freight and logistics management technology startup, said it also intends  to use the funds to back its expansion into Indonesia and the Philippines. In seeking further technological innovation, it aims to offer a complete plug and play model for its clients.

Founded in Singapore, Ezyhaul is focused on improving efficiencies in the highly fragmented, US$150 billion road freight industry in South Asia. Ezyhaul first launched its services in Thailand in 2018, and continues to maintain a key focus on technology and product development in the country.

Ezyhaul said it provides a range of online logistics services and technology solutions that offer medium-sized and larger businesses, as well as logistics service providers a quick, efficient, reliable, and cost effective way to manage their domestic and cross-border transportation needs. 

“Keeping up with such fast growth is challenging in a demanding business-to-business market. Fortunately Ezyhaul’s robust technology allows for fast scalability using EDI and API integration to help with connectivity to our larger clients, in support of their needs for high transaction volumes and consistency of service,” said Raymond Gillon, CEO and co-founder of Ezyhaul. 

Growing 900 per cent over the past 12 months since closing its US$5 million (Bt150 million) Series A fundraising round in 2018, Ezyhaul has since taken the time to expand its operations in Thailand and India, and integrating a cross border solution that stretches from China to Singapore. 

Ezyhaul is building a comprehensive ecosystem to support their transport partners with running their business and improve the benefits for its drivers.

The platform includes integrated dynamic route optimisation technology that builds the most efficient delivery routes, optimises vehicle utilisation, and minimises total transportation costs. This improves the revenue derived per vehicle for transporters, while reducing the costs of shipping for clients – “creating a win-win environment in a traditionally combative environment”, the company said. 

Ezyhaul’s platform also provides real-time track and trace visibility, access to online documentation, invoicing, and proof of delivery (POD). The company has also recently launched an advanced control tower that monitors truck movements, provides intelligent exception alerts and predicts estimated time of arrival for shipments through advanced machine learning algorithms.

Mark Debattista, VP sales at the company, said: “The  Ezyhaul platform empowers our clients with a growing choice of carriers, economies of scale and operational intelligence to achieve improved logistics performance and reduced costs.”

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