Sept.11--WITH one million deliveries by land routes under its belt, lalamove, an on-demand delivery platform for iOS and Android users across Asia, has secured US$10 million in investment from MindWorks Venture, AppWorks, Crystal Stream, and as well from unidentified individuals investors.
Known as "EasyVan" in Hong Kong, the company features iOS and Android apps that allow businesses to transport goods across a city in Asia using their network of delivery vehicles.
Similar to Uber's on-demand model, qualified individuals with a valid license and vehicle can sign up to be a driver. The app serves as a platform for companies to "share" delivery vehicles.
"While very few start-ups thrive in both southeast Asia and China markets, we are thrilled to show such growth in the past 18 months," said CEO and founder Shing Chow.
"Delivery as it exists in Asia isn't optimal and bringing technology to this aging industry reduces drivers' idle time, increases speed and efficiency while lowering costs."
Able to connect users in need and drivers of vans, motorcycles, trucks and lorries to move items and documents fast, the company also plans to expand its service to 12 more cities in China, including Fujian, Anhui, Guangdong, Sichuan, Zhejiang, Shandong and Hubei, within the next three months, starting with immediate launch in Shanghai and Chongqing, using this new round of funding.
By the end of 2016 the company aims to add 50 cities throughout Asia to its innovative delivery network. It already hosts a service area in the eight Asian cities of Hong Kong, Singapore, Bangkok, Guangzhou, Shenzhen, Dongguan, Foshan and Taipei with 30,000 drivers.
(Source:shippingazette)