This strategic investment focuses on operational experience and technology output.
Exclusively informed that “Full Truck Alliance” has completed a strategic investment in the Brazilian car cargo matching platform TRUCKPAD TECNOLOGIA E LOGÍSTICA SA (TruckPad), and will also export its operational experience and technology. Promote the business development of TruckPad in Latin America.
Manbang Group is China’s largest vehicle logistics and cargo matching platform operation company. It was merged in 2017 by the combination of “truck help” and “Full Man”. It is also the only one that grew up in Guizhou’s unicorn company.
After years of development, Manbang Group has accumulated mature operational experience, data analysis and application capabilities in smart car cargo matching, big data route recommendation, financial insurance services, etc. It has covered 339 cities nationwide and has certification. There are 7 million driver users and 2.25 million certified cargo owners.
Not urgently listed, but actively layout upstream and downstream
In April 2018, Manbang Group completed the first round of financing of US$1.9 billion after the merger. The financing was jointly led by Guoxin Fund and Softbank Vision Fund, Sequoia Capital, Gaochun Capital, Tencent, Google Capital ( CapitalG), Tiger Fund, Lightspeed China and a series of well-known funds and investment, after the investment valuation of 6.5 billion US dollars.
The CEO of Manbang Group, Zhang Hui, publicly stated at the 2019 Expo. The full help is not urgent for the listing, and the full help with a lot of financing should be able to break even this year. At the same time, Manbang Group is also actively deploying upstream and downstream of the industrial chain and strengthening technology investment.
According to the whale data, since May 2018, Manbang Group has invested in the intelligent truck technology supplier “PlusAI” and the automotive aftermarket supply chain platform “A, B, D, D”. This strategic investment in TruckPad focuses on technology output and experience output.
From the business content point of view, the TruckPad is full of Brazilian version. Founded in 2013, Truckpad is the fastest-growing cargo matching platform in Brazil and Latin America. Truck drivers can match the source of supply through TruckPad. Currently, the number of App downloads has exceeded 1 million.
TruckPad founder and CEO Carlos Mira has more than 20 years of experience in logistics in Brazil. Previously, TruckPad also received map service providers Maplink (LBS Group), Movile, Plug & Play, Mercedes-Benz. And the investment of Estrela, the leading logistics solutions provider in Brazil.
Brazil Cargo, the next China Cargo Market
Why is Brazil again?
August 1st, the same city cargo platform cargo Lala overseas version of lalamove completed the first South American order in Brazil, while the Mangang Group, which specializes in medium and long-distance trunk logistics, also placed the first step of internationalization in Brazil. This is closely related to Brazil’s freight market environment and venture capital environment.
In recent years, China-Pakistan economic exchanges have been very active, and Chinese companies have frequently traveled to Brazil. The freight industry as an infrastructure is also in the midst of a new economic growth dividend.
But unlike the mature railway transportation network in mainland China, the total length of the Brazilian road network is 1.7 million kilometers. Road freight is the most important form of transportation in Brazil, accounting for about 60%, while the social capacity is mostly scattered and messy. The form of the order exists. On the other hand, the current local Internet penetration rate in Brazil is relatively low, and the penetration rate is low. The information infrastructure is similar to the mainland China market before the arrival of the mobile Internet wave.
In this context, TruckPad’s integrated cargo and cargo matching platform can effectively improve the matching efficiency of goods and improve the survival status of truck drivers through the Internet.
And in order to encourage the development of start-ups, the Brazilian government has joined the Brazilian Ministry of Industry, Foreign Trade and Services (MDIC) Brazilian Small and Medium Enterprise Service (Sebrae) and the Brazilian Innovation Technology Department (Certi) in recent years, Planned the “Inovativa” program.
In this program, 700 volunteer mentors provide consulting services for entrepreneurs, including representatives from large companies such as Google, Microsoft and Samsung, and Brazil has further launched the StartOut program to select 15 international Companies with potential to help them go overseas.
In addition, the National Development Bank of Brazil (BNDES) also announced in May 2018 that it will invest 10 million reais into the start-up market and select 60 start-ups to accelerate their development. These actions have given Brazil an open and friendly venture capital environment to the world.
Carlos Mira said, “We are excited about the strategic investment and technical support of Mangang Group. The mature development experience and technology level in the Chinese market will help TruckPad achieve rapid growth in Latin America and will also be Latin America. The region brings better logistics solutions.”
Manhui Group CEO Zhang Hui said, “TruckPad and its founding team have rich logistics experience, open and innovative ideas, and deep local insights, which will lead the platform to achieve greater development, and then promote logistics in Brazil and throughout Latin America. The process of science and technology. Internationalization is an extremely important part of the development of the development. We will continue to pay attention to the rapid and emerging development market, continue to invest in the use of technology to enable logistics innovation.New projects drive change in the global logistics industry. “