Local hero Trukkin raises $3.5 million
Founded in 2017, Trukkin is a digital service provider for truck in the industry. Operating from the UAE and Saudi Arabia, the truck-on-demand service provider is active throughout the GCC, and plans further expansion of its services in the region with its recent raise of $3.5 million. The round saw Trukkin’s lead investor Batic Investments and Logistics, be joined by AL-Namlah Family Group, the Al-Madi Family Group, and the Abanumay Family Group.
Trukkin’s vision, operational efficiency, capital utilization, and sound business model drove us to partner with them in the region over other competitors. Trukkin knows the pulse on the ground.Mohamed Al-Namlah, Managing Director of Amnest Group
Trukkin has simplified the land transportation industry. Instead of businesses needing to buy additional trucks to meet its needs, which is a longer, costlier process, they can simply hire the trucks from Trukkin. Not only do they save on precious time, they also avoid the commitments for space, truck maintenance, licenses and other expenses that come with owning a truck.
Their team is very focused on the ground and has shown their operational prowess. We believe we can further add significant capabilities to Trukkin with our investment,Al-Madi
The best part about its “asset-light” business model, is that Trukkin does not actually own the trucks. It connects truckers to shipping businesses who are in need of more transparent transportation. Essentially, it’s doing the same thing for businesses as what Uber did for individual customers. Read more about the company and its recent fundraise here.
