The Spanish Trucksters has confirmed an injection of eight million euros of financing, which corresponds to an extension of the investment round closed in the summer of 2021. In this way, Trucksters closes the round for a total of 14.3 million euros. Classic names from the startup sector in Spain such as Kibo Ventures, as well as Bonsai Partners, The Valley VC and other investors such as Sasha Michaud () Y John Urdiales (jobandtalent).
As for the destination of this injection of resources, the company hopes to expand its team, in addition to promoting its international expansion.
A constantly growing startup
The truth is Trucksters is in a very good moment, after having closed 2021 with a turnover of more than 5 million euroswhat represents an increase of 300% with respect to 2020. In this way, the technological transport company based on truck relays sets its sights on continuing its expansion through other horizons in this 2022.
In addition to this, the turnover of Trucksters continues to increase considerably each month, thus ending last December with more than 950,000 euros in sales. These positive data make the company’s projections for 2022 quite optimistic, as they expect to end 2022 with a turnover of 30 million euros (+500%).
«This last year we have achieved great milestones that have allowed us to make a considerable leap in the sector»highlighted the co-founder and CEO of Trucksters, Luis Bardaji. “We are going to continue working with the idea of making the relay system the standard method in Europe. All this while we improve the living conditions of carriers. Our goal is to make the logistics ecosystem more sustainable and humane in every way”.
As we said at the beginning, one of those milestones was having managed to collect €6.3 million last July, through a Series A, led by Kibo Ventures.
“The leap we are taking as a company is an enormous illusion. Having the experience of Kibo Ventures and the trust of new and current partners helps us to accelerate our vision: to make non-stop transport the standard in Europe, improving the lives of drivers and promoting the logistics ecosystem to be more sustainable in every way”expressed Bardají, which at that time represented a great opportunity for the growth of the company.
What is Trucksters?
Trucksters was founded in mid-2018 in Madrid by Luis Bardaji Izard, Gabor Balog Y Ramon Castro Neira from an idea that emerged during a trip of the three founders to Berlin, where they met in a service station full of trucks. Since then the company has been growing steadily, taking advantage of a variety of growth programs for startups.
Towards the end of 2018, the project had been accepted in the pre-seed program of APX, a venture capital company specialized in early stages. During this process they had their first contact with investors at the hands of Axel Springer & Porsche. By 2019 they also joined the brand that would later become one of their clients. Months later, he received his first large investment from business angels and venture capital such as Big Sur Ventures and Metavallon VC. for a total of 850,000 euros.
It is also incorporated into Entrepreneurs Program, Lanzadera, after which they open a new office located in Valencia. At the beginning of 2020, the internationalization of Trucksters, with the routes of Benelux and Germany. By the end of the year they close a new round of financing for 950,000 euros from The Valley VC, and also open a new route connecting Spain with . Already at this time the company reaches an estimated 1 million euros in profits and currently has a broad portfolio of clients such as Kimberly Clark, the DPD Group, Amazon, Cecotec, Lesaffre and Damm and the Group, among others.
After his arrival in Germany and Belgium this 2021, now Trucksters has put the focus on Holland and Italywhere it hopes to open new delegations this year.
Relay transport, a cheaper and more sustainable alternative
The Trucksters business model is based on the transport of full load merchandise using a truck relay format. In other words, instead of a driver making the entire route, there are relay points on the route where the merchandise changes from one truck to another to continue without major breaks. In this way, Trucksters affirms that they manage to reduce the delivery time by almost half, in addition to offering drivers better working and living conditions.
According to what was expressed by the company, this model allows offering customers air transport results with the prices of land transport.
Trucksters remains in a phase of expansion and evolution
After a 2021 where they opened their first international delegations in Greece, Germany and Belgium, Trucksters is now setting its sights on Italy and the Netherlands, where it hopes to open new delegations this year. Since 2020, the startup has been successfully running routes between Spain and different parts of Europe, thanks to its truck relay system.
Currently, Trucksters owns a staff of 82 drivers working exclusively for the company, as well as a fleet of 130 trucks which is expected to increase to 300 by the end of the year, according to the startup’s own plans that have already been launched. In addition, its rapid expansion has meant that the last year has ended with more than 50 people in the team and with new vacancies open to provide new opportunities to those who want to contribute to the continuous growth of the company.
It also has the trust of more than 500 brands that already benefit from its services, which is leading it to become a benchmark for freight transport in Europe, as it was proposed. Aquilino Penafounder of Kibo Ventures, at the time of finalizing the financing round last July.
“We are very happy to be part of the Trucksters family and to support Luis and the team in their mission to reinvent long-distance freight transport to become the reference company in Europe. Our goal is to help the company grow to expand its innovative business model in which we all win: the drivers, our customers, their end customers, Trucksters and the environment.”
From the company they assure that their relay system, despite what one might think, offers greater security in the transport process. This is because its service is structured based on big data technology and artificial intelligence, which allows efficient management of transport routes, as well as continuous and complete monitoring of it, it even offers a monitoring portal for customers with metrics, location and documentation on shipments.
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