Teleport, the logistics company under Capital A,
has raised US$50 million (approximately RM220 million) from large
institutional credit investors to extend its cross-border delivery
capabilities in all key Southeast Asian markets.
Teleport plans to use the funds to induct additional
freighters, build critical hubs in Indonesia, Malaysia and Philippines, and further invest in
technology designed to enhance operations.
Since its inception in 2018, Teleport’s core focus
has been in serving B2B customers of all sizes with fast,
affordable air logistics solutions across Southeast Asia,
supported by an unique mid-mile advantage through AirAsia
Aviation’s extensive network of passenger flights.
“Our mission from day one is to deliver
consistently better than anybody else in Southeast Asia. We
believe if we guarantee next-day speed at a cost anyone can
afford, everyone will choose to ‘Teleport It’, said Pete Chareonwongsak,
CEO of Teleport. “Today we are profitable, larger, and growing
faster than pre-COVID… Key to Teleport’s leadership in the
next three years is the extension of our network coverage by air
with the induction of A321F freighters starting in 1Q2023. We aim
to easily connect manufacturers, exporters and e-commerce directly
to any Southeast Asian market.”
Teleport has quadrupled its intra-SEA market share
in terms of cargo volume from 2% in 2021 to 9% as at Q3 2022 and
grew its e-commerce business 6x year-on-year.
The logistics
venture of Capital A is also currently serving three of the
largest marketplaces in Southeast Asia, namely Shopee, Lazada and
Zalora.
This was achieved by focusing on three key
business segments across the Southeast Asian region. First,
global freight forwarders looking for the widest regional network;
second, e-commerce marketplaces seeking affordable mid-mile
solutions by air; and most recently, consumers looking for
affordable international next-day parcel delivery.
