Digital Logistics Platform Raises Funds For IoT Infrastructure
Shuttle, the digital logistics platform, announced the closing of a $1 million seed round funding, led by Impact46. Mohammed Alhassan, Founder of Shuttle Added: “LaaS (Locker as a Service) will be a game-changer in the eCommerce & digital logistics space as its the optimal solution for the business and the end-user. We are grateful to […]
Topics
Shuttle, the digital logistics platform, announced the closing of a $1 million seed round funding, led by Impact46.
Mohammed Alhassan, Founder of Shuttle Added: “LaaS (Locker as a Service) will be a game-changer in the eCommerce & digital logistics space as its the optimal solution for the business and the end-user. We are grateful to our clients and partners’ trust for our unique IP & LaaS, this fund will further help us to improve & IoT infrastructure as well as cover more areas upon our partnerships requests.”
Shuttle was introduced in 2020 by Mohammed Alhassan, upgrading the traditional locker experience with a smart locker driven by leading-edge technology enhancing the logistics space as a whole. Smart locker is a tool for items to be safely stored, exchanged by different parties & backed by a software component that allows interaction to happen automatically. Through Shuttle’s software and its smart locker, end-users can authenticate, pay & receive packages with a fully automated process.
Read Also: Spotify Acquires Betty Labs to launch its own Clubhouse
Shuttle currently has 90 lockers distributed across nine main cities including Riyadh, Jeddah & Dammam, and soon to cover Saudi. The lockers are placed in +80 facilities utilising LaaS “Locker as a service” model across hotels, commercial buildings & petrol stations serving more than 300 customers in multiple industries such as the laundry sector, auto safe storage services in malls, and car rental for key handling.
The locker placements can bring value to the facilities by directing individuals to visit the place in order to pick up the order. LaaS “Locker as a service” is a smart way to be adopted, as it brings benefits to all parties involved in its use and it is set to achieve more within the logistics cycle.
“With the rapid growth of the eCommerce industry, last-mile delivery solutions are crucial to support this industry’s potential. The LaaS solution that Shuttle provides solves many pain points for last-mile including: failed deliveries, returns, and delivery prices. Shuttle’s team led by Mohammed Alhassan demonstrates a comprehensive knowledge and know-how in this space that we believe will make smart lockers part of our everyday life as consumers.” Mohammed Alnasyan from Impact46 commented on the investment.
