Singapore, 15 March 2021 – Supply Chain Angels (SCAngels), the corporate venture arm of YCH Group, Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner, has successfully led a pre-Series A investment in homegrown Singapore logistics technology company Haulio.
Investors in this round include B7 Capital, GHS Ventures, Guava Capital, iSeed SEA, Iterative and PSA unboXed. This marks the final close of Haulio’s pre-Series A round, with the last round led by ComfortDelGro Ventures and PSA unboXed.
Headquartered in Singapore since 2016, Haulio is the fastest-growing digital container haulage network in the country, with more than 90% of Singapore’s hauliers onboard. Further, the organisation has established secondary presences in Indonesia and Thailand, and has plans in the pipeline to expand its footprint regionally throughout Southeast Asia within the next three years. Haulio aims to complete the digitalisation of haulage in Southeast Asia by 2025.
Leveraging the extensive synergies with YCH, Haulio will also further collaborate with YCH’s Y3 Technologies, a leading omnichannel software solutions provider, to develop an industry standard for digital innovation in container trucking through Haulio’s haulier-centric solutions. This partnership is supported by the National Research Foundation Singapore (NRF).
This collaboration will see two leading container logistics technology companies coming together to define the digital experience and data standards that will enable a truly connected intermodal experience in Singapore and beyond. With YCH’s upcoming projects in the Mekong Region, such standards and experience will become the platform to bolster Singapore's role as a regional logistics and technology hub.
“Haulage capacities are ever-growing across Asia. However, longstanding systemic issues have prevented the strengthening of the logistics and supply chain industry. Haulio has proven to be a key enabler within the ASEAN e-commerce logistics sector and its business model is highly scalable and has a huge opportunity to become Asia’s leading logistics platform. With this partnership, Haulio will be able to leverage on YCH Group’s leading expertise on end-to-end supply chain and logistics management and embed themselves into the knowledge-based, LEARN™ ecosystem at Supply Chain City®, Asia’s nerve centre for supply chain excellence, located at the heart of the Jurong Innovation District. With our presence in more than 100 locations and 16 countries in the region, we are confident that we are able to support Haulio to revolutionise the haulage business, leave an indelible footprint in the development of the logistics and supply chain industry,” said Isaac Chua, Partner of SC Angels and Head of Corporate Investments of YCH Group.
“With the first-mile logistics space ripe for digital disruption, bringing together Singapore’s largest homegrown supply chain solutions company with the YCH Group, the leading regional supply chain management partner, was a logical next step for us. We understand how fragmented the logistics sector can be, and are determined that through our combined wealth of expertise, experience and network, we can evolve the current state of play for the better. Through the deployment of an integrated ecosystem with deep technological advancements, and backed by our strong investors and partners in port management and transportation, we are confident of scaling Haulio to new heights in Southeast Asia,” said Alvin Ea, Co-Founder and CEO of Haulio.
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About Supply Chain Angels
Supply Chain Angels (SC Angels), the lead investor of this investment, is the corporate venture arm of YCH Group. SC Angels invests in start-ups that are synergistic and complementary to YCH Group's supply chain and logistic business with the aim of "Creating Unicorns in the Supply Chain". SC Angels deploys funds into high-growth technology enterprises and tech start-ups that are at the forefront of delivering innovative, disruptive solutions in their industries with investment mandate, including but not limited to, start-ups that have high growth potential with a technology focus in areas such as the "Uberisation" of Logistics, the Internet of Things (IoT), 3D printing, Big Data, Robotics and FinTech. For further information, please visit www.scangels.com.sg
Haulio is Singapore's fastest-growing container haulage platform, with the greater vision of connecting global trade to local first-mile transportation across ASEAN. The company believes in uplifting the industry by empowering its ecosystem of users with its technology. Through the optimisation of resources, Haulio aims to revolutionize international freight logistics towards a collaborative and sustainable future. For more information, visit https://www.haulio.io.
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