Singapore-based logistics startup Haulio announced that it has come up as champion of PITCH at this year’s RISE tech conference in Hong Kong, held from July 8-11.
Often dubbed as the world’s biggest pitching competition, PITCH saw over sixty startups competing over three days.
“As the first Singaporean startup to win PITCH, RISE has been a tremendous opportunity to set Singapore and Haulio on the world stage. It has already opened valuable doors for us to form strategic partnerships in the region,” Haulio CEO and Co-Founder Alvin Ea commented in a press statement.
“Haulio’s win this year further cements that the haulage problem we’re solving is global and real. We’re excited to partner with stakeholders to transform this global problem and bring this space into the digital future,” he continued.
The company said that since its launch on May 2017, it has been working with industry partners and stakeholders to overcome various industry challenges, with the aim to build a digital and interconnected
haulage industry with greater productivity and operational efficiency.
It has helped to digitalise the movements of over 150,000 TEUs containing 2.5 million tonnes of cargo.
In May 2018, Haulio raised S$1 million (US$736,000) in a seed round investment. The funding round was led by PSA unboXed and included the participation of 500 Startups, NUS Enterprise, and several logistics industry angel investors.
The funding followed an S$75,000 (US$55,000) pre-seed funding from PSA unboXed and 500 Startups.
Haulio is also one of the transportation services that Singapore-based taxi company ComfortDelGro has invested in recently.
Image Credit: Haulio