Trukkin, a techno-logistics firm based in Saudi Arabia and the UAE operating throughout the GCC region and beyond, has raised over $3.5 million in the recent funding round, which included marquee investors from the Al-Namlah family group, the Al-Madi family group, and the Abanumay family group. Batic Investments and Logistics, a publicly listed company on Tadawul, remains one of the key investors in the startup.
“Trukkin’s vision, operational efficiency, capital utilization and sound business model drove us to partner with them in the region over other competitors. Trukkin knows the pulse on the ground,” said Mohamed Al-Namlah, managing director of Amnest Group.
By adding the new capital to the company, Trukkin will be able to significantly scale their services across the GCC region. The company has shipped to over 200 locations in the Middle East.
In Saudi Arabia alone, Trukkin has completed over 10,000 long-haul, business-to-business truck movements.
Founder and CEO of Trukkin Janardan Dalmia said: “Trukkin operates on an ‘asset-light’ model, meaning it doesn’t own the trucks. Our focus on overall service lets us improve both the customer and transporter experience and also increase asset utilization and reduce inefficiencies.”
He said the company’s aggressive growth strategy is in line with the Kingdom’s Vision 2030.
“Trukkin is building up its marketplace to connect thousands of mostly independent truckers. The long-haul land transport market is highly fragmented and disorganized, and our aim is to institutionalize and professionalize this business,” Dalmia added.