Volvo Group Enterprise Funds has invested in FourKites, a global genuine-time transportation visibility platform.

FourKites pioneered genuine-time provide chain visibility in 2014 and has because developed the claimed world’s most significant platform that aids major models to lessen their running expenditures, make improvements to on-time effectiveness and generate better buyer associations. The company tracks over 1m shipments each day across 176 countries, with over one hundred twenty% calendar year-over-calendar year growth.

“We see FourKites as a precious spouse in our conversations on developing new providers simply because of their potent genuine-time visibility capabilities,” mentioned Dan Tram, financial commitment director at Volvo Group Enterprise Funds. “We assume that provide chain visibility will turn into an industry conventional and believe that that shoppers will assume it in new provide chain items. FourKites is perfectly-positioned to offer these capabilities with their 450,000 connected carriers across distinctive modes.”

“This will support to accelerate our growth and help us to convey new revolutionary answers to industry,” mentioned Mathew Elenjickal, founder and CEO of FourKites.

The purpose of Volvo Group Enterprise Funds is to make investments that travel transformation by facilitating the development of new providers and answers and to support collaborations between get started-ups and the Volvo Group.

Crucial spots of financial commitment are currently logistics providers, web-site answers and electrical infrastructure. The organisation has a global scope but focuses on Europe and North The us.