Ezyhaul raises US$16mil in Series B funding
By Digital News Asia July 10, 2019
- Three-year-old start-up plans to expand to Indonesia and the Philippines
- Is already present, offering services in Malaysia, Singapore, India and Thailand
EZYHAUL, a three year old digital freight and logistics management technology startup, today announced that it has closed a Series B fundraising round totalling US$16 million (RM67 million).
The company intends to utilise the funds to support its expansion into Indonesia and the Philippines, and drive further technological innovation to offer a complete plug and play model for its clients.
Ezyhaul first launched its services in Malaysia in 2016, and continues to maintain its core technology and product development teams in the country.
Founded in Singapore, Ezyhaul is focused on improving efficiencies in the highly fragmented US$150 billion (RM621 billion) road freight industry in South Asia.
Ezyhaul today provides a range of online logistics services and technology solutions that offer medium sized and larger businesses, as well as logistics service providers a quick, efficient, reliable, and cost effective way to manage their domestic and cross-border transportation needs.
“Keeping up with such fast growth is challenging in a demanding business-to-business market. Fortunately Ezyhaul’s robust technology allows for fast scalability using EDI and API integration to help with connectivity to our larger clients, in support of their needs for high transaction volumes and consistency of service,” said Ezyhaul co-founder and chief executive officer Raymond Gillon.
Growing 900% over the past 12 months since closing its US$5 million (RM20 million) Series A fundraising round in 2018, Ezyhaul has since taken the time to reinforce its presence in Malaysia and beyond.
This included expanding its operations in Thailand and India, and integrating a cross border solution that currently stretches from China to Singapore.
In 2018, Ezyhaul’s platform managed more than 50 million kilogrammes of freight across Singapore, India, Malaysia and Thailand. Today thousands of clients are using Ezyhaul’s platform, including companies like Coca Cola, Reliance Industries, On-Semi, Flipkart, DHL, and DB Schenker.
Ezyhaul was founded in 2016 by Raymond Gilllon (CEO), Mudasar Mohamed (COO) and Nicky Lum (Director Sales), three veterans from the logistics industry.
Through Ezyhaul’s platform, clients are able to make easy online bookings for domestic and cross-border road freight transportation services. Transportation companies in turn use Ezyhaul’s app to easily accept shipments, maximise their vehicle utilisation, and reduce empty backhauls.
Ezyhaul is building a comprehensive ecosystem to support their transport partners with running their business and improve the quality of the lives of the drivers.
The platform includes integrated dynamic route optimisation technology that builds the most efficient delivery routes, optimises vehicle utilisation, and minimises total transportation costs.
Ezyhaul’s platform also provides real-time track and trace visibility, access to online documentation, invoicing, and proof of delivery (POD). The company has also recently launched a highly advanced control tower that monitors truck movements, provides intelligent exception alerts and predicts estimated time of arrival for shipments through advanced machine learning algorithms.
“This is key really as businesses spend a lot of money and time as a result of unpredictable and unreliable freight movements. The Ezyhaul platform empowers our clients with a growing choice of carriers, economies of scale and operational intelligence to achieve improved logistics performance and reduced costs,” said Gillon.