Haulio Expands to Indonesia with Acquisition of Local Logistics Startup "Logol"
The company will soon develop a Smart Haulage Scheduler to increase the productivity of the logistics sector
Logistics platform developer from Indonesia, Logol, was officially acquired by a Singapore-based company that focuses on logistics services first-mile, Haulio. Reported from Deal Street Asia, the value of this deal is estimated to be no more than $10 million or 156 billion Rupiah.
This corporate action is part of Haulio's service expansion strategy in Indonesia, as well as expanding the range of solutions offered by the company. Logol itself is a platform that allows manufacturers, distributors, MSMEs, and other business actors to order goods delivery services online online by land and sea.
The company also assists in the electronic processing of export-import documents. Logol connects players in the logistics industry, from truck owners, transporters, forward, government agencies, to business actors, to create a more efficient and transparent logistics ecosystem.
Given that many terminals and container depots in the region still rely on cash and documents, Haulio wants to take advantage of Logol Indonesia's technology and increase the digitization of the logistics sector. This is in line with Logol's ambition to streamline logistics processes through digitalization.
In April, Logol launched a digital application "Logol PLB" which aims to encourage the development and optimization of Bonded Logistics Center (PLB) facilities in Jakarta. The launch of this digital application is later expected to encourage the various facilities offered through PLB.
PLB is currently intensively making breakthroughs to meet the needs of business actors and is expected to reduce logistics and transportation costs, support the growth of domestic industries, increase foreign and local investment, and help realize Indonesia's dream of becoming a national logistics hub and in the Asia Pacific region.
Co-Founder and CEO of Haulio Alvin Ea in an official statement said, "We believe that acquiring Logol will accelerate the company's growth and increase the reach of the regional fleet with 2.000 vehicles. first mile other. Likewise, Haulio's track record as a leading logistics platform in Singapore and Thailand will help drive Logol's growth and market share in Indonesia."
In Indonesia itself, the logistics sector is still a pillar of the country's economy. Based on data from the Central Statistics Agency (BPS) until Quarter III-2021, Indonesia's Supply Chain (SCI) estimates that this sector will contribute IDR 699,1 trillion to the Gross Domestic Product (GDP) or grow by 1,08% (year-on-year). ) in 2022.
Founded in 2017, Haulio started as a two-person team in 2017 and has grown to a team of over 100 employees strong in Southeast Asia today.
Haulio helped connect the container carriers first mile with the sender through its digital platform. In January, they raised US$7 million or 109 billion Rupiah in their first round led by Temasek Heliconia Capital.
Haulio has also signed a Memorandum of Understanding (MoU) with the Center of Excellence in Modeling and Simulation for Next Generation Ports (C4NGP) which is part of the National University of Singapore College of Design and Engineering (NUS CDE) to develop the Smart Haulage Scheduler (SHS). , a dynamic transport scheduling algorithm.
Along with this, Haulio will soon launch the Haulio Payment Portal (HPP), an integrated electronic bill payment platform that functions to create efficiency in logistics finance in the transportation sector. The current process is said to be still very manual, starting from invoicing, tracking, and billing follow-up.
Through the HPP, carriers can see the process of transport management end-to-end, and get an instant overview of invoices of various statuses. In addition, to increase the level of micro to small haulage business owners, HPP will soon allow early payments, enabling haulers to have better control over managing their working capital.
As it develops, Haulio expects to double their regional technology and product team headcount in the next three years and will continue to create higher value-added job roles in industries such as software engineering, product management, and data science that will increase how the industry operates.
Going forward, Haulio hopes to solve industry problems through the implementation of scalable Artificial Intelligence (AI) and Machine Learning (ML) technologies, coupled with an Open API architecture that can be adopted for existing processes.