Saudi Batic to provide Trukkin logistics with pre-series funding

Trukkin, the B2B techno-logistics platform, announced that it will receive an undisclosed amount of funding led by Saudi Batic Investment and Logistics Co for a pre-series round, the firm said in a Thursday statement.

The firm was launched in 2017, with a capacity for shipping over 5,000 heavy cargo truck movement across GCC.

It was founded to improve the entire operational framework of commercial logistics used by shippers, fleet owners and truck drivers and all stakeholders, with an objective to make the Middle East logistics and transport space more efficient and transparent, and to optimize commercial transport in the region.

As for Batic, it is the only large publicly listed logistics and private security company in Saudi Arabia. It has set a consolidation strategy focused on building a unique Saudi logistics national champion, based on identifying unique acquisition targets and investments to achieve the required level of excellence that global clients expect.

“Logistics is at the center of Vision 2030 as a way to cement the region’s position at the crossroads of important international trade routes, between Asia, Europe and Africa and build a unique regional logistics hub. We have been closely monitoring the traction of the business for the past few months and are very excited about the potential opportunity Trukkin presents in this field. We have tremendous faith in the execution capabilities of its team and are very happy to join hands with them,” said Omar Al Mohammady, CEO of Batic.