Build Uber like truck app to take on the on-demand freight industry
Logistics and the transfer of freight from point A to B and beyond is one of the more old-fashioned, and less-understood, perspectives of the world of commerce. But when we look at Amazon, we can see its growing empire on the strength of its logistics courage. Also, while looking at other companies, we can make out their fallen down supply and shipment. One can make out from all these facts how much important it is for a business to get the shipment right.
A Berlin-based startup called Sennder is declaring a vital round of funding to take on that outmoded logistics market with a modernized, digital platform.The company has raised Series C of $70 million, with a valuation that we understand is in the region of $300 million.
Sennder is a foremost digital road freight forwarder in continental Europe. The company links large industrial shippers with small freight carriers. It has an in-house-developed platform to provide a new level of automation, transparency, and efficiency to the European freight industry. The industry has a value of €300 billion for its road freight market. Sennder was founded in 2015 to connect shippers of full truck loads with its huge virtual fleet of carries. The main aim of the founders was to increase efficiency and reduce costs in the freighting industry. They provided a software-based solution to take the labor and paper-intensive road transport industry to a new level of automation.
Until now, the industry has been reliant on paper, phone and fax and defined by multi-layer subcontracting. Sennder has its digital connection to over 7,500 vehicles in all segments. This allows for almost unlimited sizes, no matter what time of the day. Sennder app digitalizes the truckload-shipping ecosystem as it renders mobile apps, drivers, fleet control tools, carrier managers and logistics management solutions to shippers. The company brings full transparency to its logistics supply chain through real-time booking, a designated contact person always on hand, as well as precise live tracking.
Sennder improves performance and reduces the cost for all stakeholders by integrating directly with the shippers’ Transport Management and Freight Management Systems via APIs. Thus they cut off multiple middlemen.
The recent funding raised by Sennder points out the underscores the prevailing wave of investor and market interest in logistics. This wave is estimated to hit a $400 billion market in Europe alone. The funding round of Sennder was led by Lakestar with participation from Accel, Next47, H14, HV Holtzbrinck Ventures, Project A and Scania Growth Capital.
Other competitors of Sennder in freight forwarding have mostly been included by other big funding rounds in the market. Flexport which is a freight forwarding company in the US has raised an investment of $3.2 billion valuations. Another company named Zencargo which is based in the UK has raised $20 million. A company named FreightHub has raised the amount of $30 million. If we look at a wider logistics market, Bringg and NEXT are the companies that have raised$25 million and $97 million respectively.
Sennder’s specialization plays an important role in this really crowded market. The company majorly focuses on the part of the market called the “full truckload”. The aim of this market is organizing, logging and optimizing the cargo that lorry drivers are packing up onto their pallets, with a specific focus on smaller and mid-size trucking companies.
The company operates in an area that is estimated to be valued at $120 billion in Europe alone. The other startups in logistics are aiming to bring cloud-based communications and better record keeping. They are also striving for a more efficient logistical mapping organization. As the freight industry has been operating largely by way of faxed or shipped invoices and even, in some cases, handshakes.
When we talk about Sennder, it not only includes better communication between the truckers and the people receiving the goods but also a GPS tracking system to keep a check on the arrivals estimates and invoicing between truckers and shippers. This works directly with the owners of the trucks and companies when it comes to small and medium trucking companies.
Sennder has collected all the knowledge and experience from their previous roles to provide operational excellence in this complex market of the freight industry. Their focus is mainly on product and industry pain points. According to their views, this has helped them to deliver an impressive portfolio of global, highly satisfied enterprise clients.
Sennder is leading the on-demand freight industry towards digitization, reliability and customer service as believed bu David Nothacker, Nicolaus Schefenacker, and Julius Koehler, who are the co-founders of the trucking company.
Sennder can be seen as a revolution coming up in the freight industry. People are fed up of waiting hours and empty trucks moving away. They want to earn proper profits instead of wasting time and fleet. Nobody is interested to pay the unrealiable middlemen in the fast digitalizing world. Sennder seems like innovation to solve the currently existing problems of the industry and with its advanced technology and brilliant idea.
Building an On-demand Freight app : Develop On Demand freight app
Well, looking at the current funding raised by so many on-demand freight platforms, there is no denying about the vast scope and benefits of entering this business. We are all moving towards the on-demand businesses. The freight industry has also become on-demand now. It works in a similar way as to how the other Uber-like businesses work.
Shippers and companies use a mobile app to find and book trucks and vans according to their necessities. Carriers owners accept bookings through their app and send quotes and rates via freight bidding marketplace model.
The shipper pays the truck owner after the delivery is completed successfully. The on-demand trucking companies usually collect a share from the payments.
If you are interested to build your own on-demand freight booking app, do not hesitate to connect with us for a free consultation session and know about the recent advancements in the technology of such apps and the features best suitable for your model. Click to Get free Uber for truck booking app demo :
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