“Fostering a Sustainable Trucking Industry: Qargo Secures $14M for Digitization and Decarbonization”
This partly explains why Belgium-based startup Qargo has now raised £11 million ($14 million) in a Series A round led by Balderton Capital.
With the logistics industry facing rising operating costs, decarbonization pressures, hikes in fuel prices and cyber attacks, companies in the space are in tricky times.
There is clear pressure to digitize the industry to introduce cost savings.
While the transport industry does use legacy software platforms like Mcleod Software, Rose Rocket and Dash Doc, many of these platforms are from an earlier era.
In a statement, Rob Moffat, partner at Balderton Capital, said, “Logistics is a $5T market globally but is often overlooked by software companies.
