Trukkin to receive Saudi cash injection to "redefine" Middle East logistics
A B2B techno-logistics platform based in the Middle East will receive funding from a large investment company as it looks to define the future of logistics and transport for the region.
Trukkin, founded in 2017 with the vision to “reinvent and rebuild” the logistics ecosystem, has announced that it is set to receive pre-series funding investment from Batic Investment, from Saudi Arabia.
The funding, which is an undisclosed amount from Batic Investment and Logistics Co, is a significant step in defining Trukkin as the “de facto enabler of the industry.”
Trukkin offers a seamless and powerful platform designed to enhance the efficiency, consistency transparency and reliability in the transportation and logistics ecosystem.
Since its foundation in 2017, the company has already been responsible for over 5,000 heavy cargo truck shipments across the GCC.
“Support from marquee institutions like Batic is a testament to the fact that we are on the right track. The investment will allow us to further scale our operations and continue the growth of the company,” said CEO Janardan Dalmia of Trukkin.
“Logistics is at the center of Vision 2030 as a way to cement the region’s position at the crossroads of important international trade routes, between Asia, Europe and Africa and build a unique regional logistics hub. We have been closely monitoring the traction of the business for the past few months and are very excited about the potential opportunity Trukkin presents in this field. We have tremendous faith in the execution capabilities of its team and are very happy to join hands with them,” said Omar Al Mohammady, CEO of Batic.