ComfortDelGro Brings Out The Big Boys: Leases Prime Movers To S’pore Startup Haulio

In June, ComfortDelGro invested in three transport-related technology startups, through their venture capital fund ComfortDelGro Ventures.

The investments came from a US$100 million fund set up in 2018 to invest in mobility technology startups that complement ComfortDelGro’s business in land transport.

One of the three startups it invested in was Haulio, a B2B platform that connects customers to hauliers on-demand.

Haulio tracks their containers using IoT (Internet of Things) solutions like smart trailers and scheduling algorithms so they can maximise their fleet of trucks and drivers.

ComfortDelGro Group CEO Yang Ban Seng said, “Given the similarities in vehicle fleet operations between container and passenger transportation, the synergies that Haulio brings fit into ComfortDelGro’s intention to expand beyond passenger transport”.

Moving beyond passenger transport, ComfortDelGro today (5 August 2019) takes a step into heavy vehicle leasing.

The company’s rental arm ComfortDelGro Rent-A-Car brings five prime movers onto its rental fleet, and will be leasing them to Haulio.

The first two units of Volvo FM and UD Quon tractors have already been delivered to ComfortDelGro, with the following to come later.

This addition expands Haulio’s rental capacity, allowing them to rent out the prime movers on-demand and for port-related jobs such as Inter-Terminal Transfers, without the need to allocate extra storage space for them.

In February, the startup launched its mobile app to connect customers and hauliers, and let them track job progress and fulfilment.

Haulio is currently beta testing the prime mover rentals on their platform, and plans to fully roll out the feature in September.

Featured Image Credit: ComfortDelGro

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© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)