Logistics Industry Continues to Grow, Lacak.io Launches New Features and Plans Fundraising

One of the sectors that experienced positive growth during the pandemic was logistics. Not only in terms of traction of the delivery process, improvements have occurred in almost the entire logistics business ecosystem, including in terms of technology utilization. -based logistics platform developer internet of things Track.io be one of the affected.

"During the pandemic, more and more companies need technology, especially IoT to be able to monitor assets, fleets, and workforce. remote, every job can still be done well," said Founder & CEO of Lacak.io Fariz Iskandar to DailySocial.

Currently they have around 100 clients and 10 more partners. The target this year is to bring its services to all provincial capitals in Indonesia.

Fariz also conveyed, in addition to service E-commerce The most utilizing technology from Track.io are public service agencies, law enforcement, mining companies, finance, providers of cold storage, plantations, public transportation, to port operators.

"In the midst of a pandemic, service E-commerce Indonesia is one of the sectors that is experiencing rapid growth, which has resulted in an increasing need for long-distance shipping. Responding to this need, companies are increasingly in need of a logistics system with better fleet management. This is where Track.io develops as an IoT platform for enterprises, offering comprehensive fleet management and tracking solutions as its two main features," said Fariz.

Here, logistics technology startups themselves are quite developed, both focusing on first mile up to you last mile. Logistics issues in Indonesia are indeed quite unique, one of which is due to the geographical conditions that are in the form of islands -- while most businesses are focused on big cities like Jabodetabek.

Apart from Lacak.io, other startups playing in this landscape include Waresix, Logisly, Paxel, Webtrace, and Andalin. Waresix became the most significant, after close round series B in September 2020, the company managed to book investment funds of up to 1,5 trillion Rupiah.

New features and fundraising plans

One of the main challenges facing companies in the logistics sector is ensuring the safety of delivery from seller to consumer, by accurately verifying the identity of the driver. This is where unique Lacak.io solutions such as iButton and DSM come in to help identify, verify drivers, as well as enable remote monitoring processes during trips to track their behavior while driving. The platform also offers accurate tracking with GPS which delivers real-time updates real-time.

With the ADAS feature, Lacak.io can provide early warning of potential collisions that may occur to prevent accidents from occurring. Track.io is also equipped with features axle loading solution to help drivers and employers monitor load capacity.

Entering 2021, there are still many plans that Track.io wants to launch. Apart from bringing relevant new features to clients, the company also has plans to seek investment.

"We plan to raise funds in the second half of this year. Later, the fresh funds will be used to expand to all regions in Indonesia, and provide solutions that provide benefits for various business verticals involving fleets and field workers," concluded Fariz.