News Singapore Startups

Logistics startup Ezyhaul gets seeded with $840K to accelerate expansion in Southeast Asia

Singapore-based Ezyhaul was incorporated in April 2016 with an aim to transform the road freight industry. The logistics-tech startup provides an on-demand freight exchange platform connecting shippers with pre-qualified and reliable domestic carriers to make domestic and cross-border deliveries.

Eazyhaul makes it very convenient to book a shipment. It is difficult and time-taking to book a truck by contacting different agencies or truckers, the platform makes booking trucks as easier as booking a cab.

Today it announced the raising of $840K in seed from a cohort of undisclosed logistics industry veterans. Co-founder and CEO Raymond Gillon, Ezyhaul, says,

 Since our launch we see 80% month-over- month volume growth supported by an experienced team located in offices in Kuala Lumpur, Penang and Johor Bahru.

With the capital, Ezyhaul plans to penetrate further into the Malaysian market and launch its services in other markets, namely, Thailand and Indonesia, within the first half of the ongoing year. It will also focus on the acceleration of product development.

The startup has more than 500 trucks on its platform and over 45 active shippers. It provides shippers a real-time tracking system giving them the comfort of tracking the movement of the truck digitally. Also, they receive photos of the cargo, access to electronic documentation and e-PODs (proof of delivery). While the transportation firms gain from the maximization of utility for their fleet of vehicles, lessening the occurrence of empty backhauls.

In an official statement, Ezyhaul mentions signing up a host of marquee clients such as DB Schenker, Ninja Van, Hellmann Worldwide Logistics in the first three months. Several other leading freight forwarding firms like Damco as well as MNCs will enroll early 2017.

In an interview to Vulcan Post, Raymond says they are addressing the problem of “empty backhauls”. About 65% of all the trucks in Southeast Asia return vacant after carrying out the deliveries. Moreover, the average load factor of trucks on the road is less than 40%, which results in a lot many empty trucks space moving around un-utilised.

They use predictive analysis to determine the expected arrival time of the truck and inform clients in the early stages of deviations, thereby, preventing inconvenience for the receivers. Also, it has enabled to strike a balance between demand and supply.

Currently, Ezyhaul’s network in Malaysia includes over 500 trucks of various capacities and this number is growing rapidly on a weekly basis. Mudasar Mohamed, co-founder and COO says,

Our aim is to have at least 2,500 trucks registered on our platform within the first 12 months. However we value quality over quantity and as such we run a thorough qualification of all transportation companies that we on-board to ensure we can meet the strict requirements in terms of security and service levels of many of our clients.

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