Maersk invests further in Aussie start-up
Sydney-based logistics start-up Ofload has raised an
additional A$3.8m ($2.8m) following increased backing from seed investors
Maersk Growth and Global Founders Capital and pre-seed investor Flash Ventures,
alongside new investor Foundamental.
Ofload is working to transform the Australian road freight
industry. Formerly known as Loadsmile, Ofload is a digital platform for road
freight striving to achieve zero waste in trucking by empowering the long tail
of small to medium-sized carriers through technology. Its platform connects
shippers with carriers. Ofload matches fleet and route coverage with
appropriate loads, enabling more orders and less empty backloads.
“We continue to experience rapid growth as shippers and
carriers are resonating with our approach that’s rooted in empowering
Australia’s road freight industry and reducing wastage. The industry is
fragmented and riddled with inefficiencies—trucks are rarely entirely full and
millions of empty kilometres are driven every year, while overheads have
increased.
This has made it harder for the long tail of owner/operators
and small to medium businesses to compete against the industry powerhouses,”
said Geoffroy Henry, founder and CEO of Ofload.
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