- TransTRACK raises $12M
- Southeast Asian logistics startup expands rapidly
- Green tech solutions target upcoming regulations
Fleet optimization startup hits the gas
TransTRACK, a Singapore-based tech startup, has successfully closed a $12 million Series A funding round to accelerate its expansion across Southeast Asia.
The company, which focuses on digitalizing fleet operations and supply chain integration, aims to capture a significant share of the region’s booming logistics market, projected to reach $55 billion by 2025.
Green tech meets logistics innovation
TransTRACK’s solutions leverage IoT and AI technologies to address common challenges in the logistics sector, such fragmented networks and high operational costs.
The company’s green technology offerings, including carbon emission dashboards and footprint analytics, position it to support businesses in complying the upcoming carbon tax regulations in Indonesia.
From zero to regional player
Founded in 2019 by Anggia Meisesari and Aris Pujud Kurniawan, TransTRACK has shown impressive growth, serving over 1,200 clients across multiple sectors in Indonesia, Malaysia, and Singapore.
The fresh funding, led by Eurazeo and Cocoon Capital, will fuel the company’s ambitious plans to scale operations to 100 cities across Indonesia and expand into new markets like Australia and Taiwan.
