VEB Ventures invested half a billion rubles in digitalization of freight transportation
2021-01-01 03:05

VEB Ventures invested half a billion rubles in digitalization of freight transportation

Investment fund VEB Ventures (related to VEB.RF) invested 500 million rubles in digital B2B-platform for organization of cargo transportation Deliver.

The said money will be spent on scaling the IT-product, expanding its geographical presence and launching new services for clients and carriers.

Deliver allows large shippers to significantly reduce expenses for cargo delivery. This is aided by access to a large number of machines of private carriers. For now more than 59 thousand companies are connected to Deliver.

Due to developments of companies, almost fully automated process of cargo delivery with full load (FTL-transportation). For customers, the company is a digital freight forwarder, which is fully responsible for the transportation of products, service and sustainable cost.

Through the use of proprietary AI technologies, the platform can automatically scoring drivers, control taxation, ramp up the number of available vehicles during peak periods and predict potential delays and diversions. In addition, it provides long-term rate fixing.

Currently, the domestic market of FTL-transportation is fragmented. Thus, the 10 largest carriers occupy 2% of the market. Last year, according to VEB Ventures estimates, the volume of this segment exceeded 900 billion rubles. The average annual market growth rate is expected to reach 7% by 2023. The dynamics will come from codification of laws and development of e-commerce sphere. The volume of the latter last year in the country amounted to 1.72 trillion rubles, and at the end of the outgoing year it will grow by 44%.

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Author: Ksenia Gustova