Kul Bhushan · · 1 min readAirAsia’s logistics arm invests in 🇮🇩 trucking marketplace
Teleport, the logistics arm of Malaysian budget airline AirAsia, has invested an undisclosed sum in Kargo Technologies, an Indonesia-based trucking marketplace.
Photo credit: Kargo
The investment will help Kargo leverage the logistics firm’s infrastructure as well as its network and data. The deal also expands Teleport’s logistics capabilities beyond air cargo.
The partnership also supports Teleport’s goal of making 24-hour deliveries possible through multimodal routes across Indonesia.
The Jakarta-based Kargo was founded by Yodi Aditya and Tiger Fang in 2018. The firm enables shippers, transporters, and truckers to connect, transact, and track shipments through its marketplace. It has more than 75,000 trucks in its network.
Kargo said it will use the funds from Teleport to grow its end-to-end freight coverage and expand to other cities in the region.
“The strategic partnership with Teleport will help us become multimodal, expanding in the value chain horizontally,” Kargo co-founder and CEO Fang said in a statement.
Editing by Collin Furtado and Arpit Nayak
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