Haulio raises $9.43m Series A led by Temasek’s Heliconia Capital
The digital platform will use the fund to strengthen haulage capacities.
Haulio, a digital container haulage platform, secured $9.43m (US$7m) in investment funding led by Temasek’s Heliconia Capital.
The funds acquired from the Series A funding round will be used to drive stronger haulage capacities, strengthen service quality, reinforce talent acquisition, and scale regional growth.
New investors in the platform include Ondine Capital, Cornerstone Ventures, FuturePlay, Newtown Partners via the Imperial Venture Fund, and executives from XA Network. Existing investors, meanwhile, include B7 Capital, ComfortDelGro, iSeed SEA, Iterative (United States) and PSA unboXed.
“Haulio has created a powerful digital platform that bridges the traditional haulage business offline-online thereby transforming the first-mile logistics operations. The founders’ deep understanding of this business should continue to help accelerate growth domestically and overseas. We look forward to working closely with the team and supporting them,” said Derek Lau, CEO, Heliconia Capital.
Regional expansions for the platform first began with its first regional office in Bangkok, Thailand, which aggregated at least 3,000 haulers into its platform. Last June also saw a partnership with CMA CGM, a global shipping leader to transport its containers on the major inland corridor of Laem Chabang and Lat Krabang.
”We started Haulio with a bold mission to empower the lives of millions of haulier drivers in Southeast Asia and become the key platform of growth for them through our technology and network effect. The complex and fragmented nature of our business continues to be a challenge especially when container haulage has been a vertical that often gets left behind. This investment will accelerate our regional growth and the transition of haulage standards from offline to online, as we remain steadfast in our vision to haul all containers in and out of Southeast Asia through our platform,” said Haulio CEO and Co-founder Alvin Ea.