KUALA LUMPUR – Teleport, Capital A Bhd’s logistics venture, has raised new growth capital of US$50 million (RM220 million) from large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian (SEA) markets.
In a statement today, Capital A said Teleport will use the funds to induct additional freighters, build critical hubs in Indonesia, the Philippines and Malaysia, and invest further in technology that allows anyone to “Teleport It” in 24 hours across SEA.
Teleport chief executive officer Pete Chareonwongsak said the key to the company’s leadership in the next three years is the extension of network coverage by air with the induction of A321F freighters in the first quarter of next year, connecting manufacturers, exporters and e-commerce easily and directly to any SEA market.
“Our mission from day one is to consistently deliver better than anybody else in SEA. We believe that if we guarantee next-day speed at an affordable cost, everyone will choose to ‘Teleport It’.
“Today we are more profitable, larger and growing faster than pre-Covid-19. We are battle-tested and believe that a challenging environment is a perfect opportunity to build the leading cross-border logistics company in SEA,” he said.
Teleport has quadrupled its intra-SEA market share in terms of cargo volume from 2.0% in 2021 to 9.0% as of Q3 2022, and grew its e-commerce business by six times year-on-year.
It is also currently serving three of the largest marketplaces in SEA, namely Shopee, Lazada and Zalora. – Bernama, December 14, 2022
