Global Truck Technology Startups Report- 2018 Edition
Highlights of the report
181 investors have invested $1.03 billion cumulatively in these 20 start-ups over past 5 years
About 50% of the total funding ($1.03 billion)is raised by three Chinese start-ups (Tu Simple, Loji Logistics and Yunmanman)
Convoy, Transfix and Peloton are the most funded start-ups of US, having $80 million, $78.5 million, $78 million funding.
More than 60% of these 20 start-ups are involved in digitizing the freight brokering market, which is fragmented in every part of the world.
Einride(Sweden) has the most distinctive autonomous trucking technology where the electric autonomous truck can be remote controlled
SUMMARY
A statistical view of the global scenario shows an opportunistic landscape for the tech start-ups in the trucking industry, which needs a digital revolution to synchronize its supply chain and freight activities in order to minimize losses. The vast opportunity has led to VC and private equity funding in the sector pouring in from investors across the globe. In 2017, the industry raised a funding of more than $500 million, which is a 100% increase compared to the previous year. The digitization is also fuelling the prospects of EV trucks and self-drive trucks, something which is already being successfully operated in Sweden by the start-up Einride.
Majority of the investment in this industry is done by large-scale e-commerce companies or retail chains (e.g. Amazon, Lidl, Flipkart etc.). The bulk of growth, however, is concentrated in China and US, where advanced technology, growing infrastructure, and demand has been the major driver in the rise of these startups.
COMPANIES(START-UPS) PROFILED IN THE REPORT
1 Yunmanman
2 Loji logistics
3 Blackbuck
4 Tu Simple
5 Convoy
6 Transfix
7 Peloton
8 Truckerpath
9 Cargo X
10 Keep Truckin
11 Cargomatic
12 Convargo
13 OnTruck
14 Embark
15 Fretlink
16 ChronoTruck
17 Preteckt
18 Einride
19 Doft
20 CDL Warrior
THIS REPORT ALSO INCLUDES
1. Profiles of 20 truck tech start-ups including funding history, business model, list of investors, growth goals and recent developments
2. Insights about investors active in the space
3. The truck technology start-up scene in the US.Europe, India, and China
4. A detailed outlook of class 8 truck market in North America
5. Freight market in North America
6. An independent assessment of logistics market in Europe and Asia
7. Heavy truck market in key countries like China and India
181 investors have invested $1.03 billion cumulatively in these 20 start-ups over past 5 years
About 50% of the total funding ($1.03 billion)is raised by three Chinese start-ups (Tu Simple, Loji Logistics and Yunmanman)
Convoy, Transfix and Peloton are the most funded start-ups of US, having $80 million, $78.5 million, $78 million funding.
More than 60% of these 20 start-ups are involved in digitizing the freight brokering market, which is fragmented in every part of the world.
Einride(Sweden) has the most distinctive autonomous trucking technology where the electric autonomous truck can be remote controlled
SUMMARY
A statistical view of the global scenario shows an opportunistic landscape for the tech start-ups in the trucking industry, which needs a digital revolution to synchronize its supply chain and freight activities in order to minimize losses. The vast opportunity has led to VC and private equity funding in the sector pouring in from investors across the globe. In 2017, the industry raised a funding of more than $500 million, which is a 100% increase compared to the previous year. The digitization is also fuelling the prospects of EV trucks and self-drive trucks, something which is already being successfully operated in Sweden by the start-up Einride.
Majority of the investment in this industry is done by large-scale e-commerce companies or retail chains (e.g. Amazon, Lidl, Flipkart etc.). The bulk of growth, however, is concentrated in China and US, where advanced technology, growing infrastructure, and demand has been the major driver in the rise of these startups.
COMPANIES(START-UPS) PROFILED IN THE REPORT
1 Yunmanman
2 Loji logistics
3 Blackbuck
4 Tu Simple
5 Convoy
6 Transfix
7 Peloton
8 Truckerpath
9 Cargo X
10 Keep Truckin
11 Cargomatic
12 Convargo
13 OnTruck
14 Embark
15 Fretlink
16 ChronoTruck
17 Preteckt
18 Einride
19 Doft
20 CDL Warrior
THIS REPORT ALSO INCLUDES
1. Profiles of 20 truck tech start-ups including funding history, business model, list of investors, growth goals and recent developments
2. Insights about investors active in the space
3. The truck technology start-up scene in the US.Europe, India, and China
4. A detailed outlook of class 8 truck market in North America
5. Freight market in North America
6. An independent assessment of logistics market in Europe and Asia
7. Heavy truck market in key countries like China and India
1. SCOPE OF THE REPORT
2. RESEARCH METHODOLOGY
3. LIST OF ABBREVIATIONS
4. EXECUTIVE SUMMARY
4.1. Total funding raised by the 20 Start-ups
4.2. Funds split by region
5. INTRODUCTION
5.1. Investors active in the space
5.2. Type of start-ups active in this space
5.3. Need for technology in trucking industry
6. OUTLOOK OF TRUCKING INDUSTRY IN US, CHINA, INDIA, AND EUROPE
6.1. CHINA
6.1.1. Trucking industry in China
6.1.2. The start-up scene in China
6.2. INDIA
6.2.1. Trucking industry in India
6.2.2. The start-up scene in India
6.3. US
6.3.1. Trucking Industry in US
6.3.2. Vocational truck segment outlook of North America
6.3.3. Line haul truck segment outlook of North America
6.3.4. Long-haul
6.3.5. Regional haul
6.3.6. The start-up scene in US
6.4. EUROPE
6.4.1. Trucking industry in Europe
6.4.2. The start-up scene in Europe
7. COMPANY PROFILES
7.1. PELOTON TECHNOLOGY
7.2. YUNMANMAN
7.3. KEEPTRUCKIN
7.4. EMBARK
7.5. DOFT
7.6. TUSIMPLE
7.7. CONVOY
7.8. TRANSFIX
7.9. CARGOMATIC
7.10. TRUCKER PATH (Acquired by RENREN INC.)
7.11. EINRIDE
7.12. ONTRUCK
7.13. PRETECKT
7.14. CONVARGO
7.15. CHRONOTRUCK
7.16. FRETLINK
7.17. BLACKBUCK
7.18. LOJI LOGISTICS
7.19. CARGOX
7.20. CDL WARRIOR
8. CONCLUSION OF REPORT
2. RESEARCH METHODOLOGY
3. LIST OF ABBREVIATIONS
4. EXECUTIVE SUMMARY
4.1. Total funding raised by the 20 Start-ups
4.2. Funds split by region
5. INTRODUCTION
5.1. Investors active in the space
5.2. Type of start-ups active in this space
5.3. Need for technology in trucking industry
6. OUTLOOK OF TRUCKING INDUSTRY IN US, CHINA, INDIA, AND EUROPE
6.1. CHINA
6.1.1. Trucking industry in China
6.1.2. The start-up scene in China
6.2. INDIA
6.2.1. Trucking industry in India
6.2.2. The start-up scene in India
6.3. US
6.3.1. Trucking Industry in US
6.3.2. Vocational truck segment outlook of North America
6.3.3. Line haul truck segment outlook of North America
6.3.4. Long-haul
6.3.5. Regional haul
6.3.6. The start-up scene in US
6.4. EUROPE
6.4.1. Trucking industry in Europe
6.4.2. The start-up scene in Europe
7. COMPANY PROFILES
7.1. PELOTON TECHNOLOGY
7.2. YUNMANMAN
7.3. KEEPTRUCKIN
7.4. EMBARK
7.5. DOFT
7.6. TUSIMPLE
7.7. CONVOY
7.8. TRANSFIX
7.9. CARGOMATIC
7.10. TRUCKER PATH (Acquired by RENREN INC.)
7.11. EINRIDE
7.12. ONTRUCK
7.13. PRETECKT
7.14. CONVARGO
7.15. CHRONOTRUCK
7.16. FRETLINK
7.17. BLACKBUCK
7.18. LOJI LOGISTICS
7.19. CARGOX
7.20. CDL WARRIOR
8. CONCLUSION OF REPORT
