- APX Logistics raises funds for expansion.
- AI system optimizes freight.
- Plans eco-friendly ASEAN network.
Pedal to the metal
Thailand-based APX Logistics Solutions has successfully raised new funding from SBI Ven Capital, fueling its ambitious growth plans.
The investment comes through a joint fund involving NTU Singapore’s NTUitive and South Korea’s Kyobo Securities, following their pre-Series A round led by ORZON Ventures last year.
Founded in 2019, APX offers nationwide door-to-door delivery services via air, ocean, and land.
Their crown jewel is Palli, an AI-driven freight management system that optimizes truck-loading plans and asset movement across Thailand, Malaysia, Singapore, and Europe.
This innovative approach aims to build a connected truck transport network, boosting efficiency and reducing CO2 emissions.
Going the extra mile
APX has already expanded into Malaysia, Singapore, and Europe in 2024, eyeing Vietnam by 2025.
Their goal is to revolutionize logistics efficiency across ASEAN in an eco-friendly way, measuring and actively reducing fuel consumption and carbon footprints through smart route recommendations.
