The transport startup NetLoading is putting on offer a 20 percent stake for potential investors who are ready to pay $150,000 to join the local transport connection service market, local media reported.
Speaking at the investment promotion conference organised in Hanoi on January 23 by Hanoi Innovative Business Incubator of Information Technology (HBI-IT), NetLoading CEO Le Dinh Giap said his startup had launched three apps for cargo owners, truck owners and drivers. The apps allowed goods owners to have their cargo transported on interprovincial routes at low freights by making the most of empty trucks on such routes.
Goods owners can enjoy freight discounts of up to 40 percent compared to normal rates, thus enhancing their competitiveness, while truck owners can boost their revenues by 20 percent owing to the apps, ICT News reported, citing Giap as saying at the conference.
By tapping empty trucks on the way back after delivering cargoes, “NetLoading helps reduce traffic congestion, environment pollution, and waste of resources,” Giap is quoted as saying at the conference.
The interprovincial cargo transport market has increased strongly over the years, from some VND91 trillion in 2011 to VND181 trillion in 2015 and an estimated VND220 trillion, or nearly $10 billion, in 2018, according to the news site. As the freight has increased strongly, from VND2,263 per tonne/kilometer in 2011 to VND3,536 in 2015, the connection service for both transport firms and goods owners will bring about great benefits for all stakeholders, according to ICT News.
Giap said that in 2017, the company had established partnerships with 800 transport firms and 500 goods owners, and helped transport 15,000 tonnes of cargo via its services. The company expects to join forces with 2,500 goods owners this year before raising the number four-fold in 2020.
In order to realise its target, NetLoading is in dire need of investment, at $150,000 for a 20 percent stake, to expand services. The company said it targeted to also expand services to South East Asian markets in the near future.
https://english.thesaigontimes.vn/65924/netloading-offers-20-stake-for-us$150000.html
