MatchLog is helping overcome challenges, they have built an excellent platform that will make a major positive impact on the logistics industry. The press release from MatchLog founder and Blue Ashva Capital reveals the major impact Matchlog will provide.
On January 19 Logistics optimization platform MatchLog declared that it raised $3 million, in its pre- series. It was through Blue Ashva Capital which is Singapore based, Rainmatter climate, and Capital- A. The tech platform is raised by the capital and developed Al and machine based-learning pairing of cargo; across India. They are planning to grow the Multi-modal, for road transport and expanding its footmark around India and globally, said in a press release.
The first company MatchLog in India offers the ability to import to the export cycle, it eliminates unnecessary empty runs and from the container yards as well, said the company. The company claims this work results in significant fuel savings and directly contributes to the decarbonisation goals of the shipping industry. MatchLog saved 1m + kgs of carbon emission through its own efforts, in 2021.
MatchLog saved 1m + kgs of carbon emission through its efforts, in 2021.
For 2 years, the company is able to achieve tremendous customer support and known to be the top exporter and importer of India among its customers. MatchLog developed a strategic inroad with leading custom house agents, freight forwarders, and transporters which ensures higher adaptability, flexibility, and acceptance by the trade at large.
MatchLog founder, Dhruv Taneja said, â€œ I am delighted to partner with marquee investors like Blue Ashva and Raimatter who share and value the same passion of solving the global problem of carbon emission which is our main mission at Matchlog. We will start with India and then expand to the Middle East, Africa, and Southeast Asian markets in the next 12-18 months. At MatchLog, our mission is to reduce at least 100 million tonnes of carbon through our platform in the coming five years.
MatchLog, our mission is to reduce at least 100 million tonnes of carbon through our platform in the coming five years.
In a country when the shipping container arrives, it is de-stuffed at importerâ€™s locations and bring back empty to the container yard, to close the import cycle for the shipping line. This becomes a long process that includes a lot of fuel and wasting time while carrying an empty container to the yard, back and forth. Over 17 million empty trips annually lead to more than $2billion worth of fuel wastage and 2million tonnes of carbon emission which happens in India.
The key focus of the shipping industry is Decarbonisation, globally. Efficient turnaround of containers and reduction of empty haulage bring efficiency and reduce the carbon emissions. We are excited to work with the MatchLog team to contribute our part in making the shipping industry better sustainable. Said Satya Bansal, Founder of Blue Ashva Capital.
More than 17 million empty trips annually lead to more than $2billion worth of fuel wastage.
We are always happy to support technology and efforts that can help a large dent in the climate problem, we are all working to start from there. Shipping and logistics are a huge part of the emissions puzzle globally. Matchlog took the problem of reducing inefficiencies and the footprint inherent in these operations today. As scales reach and create visibility, intelligence around shipping and logistics, we are excited by these huge optimization possibilities, both economic as well as ecological, which creates a supply chain. Said Sameer shisodia,CEO at Rainmatter.
MatchLog is helping overcome challenges, they have built an excellent platform that will make a major positive impact on EXIM logistics.