Trella the technology platform 'reinventing trucking' launches in the UAE

Regional market leader's expansion complements existing operations in Saudi Arabia, and will support trade with the UAE

  

Economic prosperity is closely linked to logistics competency; Trella’s expansion in the MENAP region is a direct contributor to economic growth

Cairo, Egypt: Trella, the fastest growing digital freight marketplace in MENAP, announces the expansion of its operations into the United Arab Emirates.

The UAE expansion complements Trella’s existing operations in Saudi Arabia and increases Trella’s presence to four countries: its home market - Egypt, Saudi Arabia, Pakistan and now the UAE. This expansion means Trella extends its ability to seamlessly support trade and trucking, across the GCC, especially between the UAE and Saudi Arabia.

The economic prosperity of countries is proven to be linked to logistics competency and Trella is delighted to help regional MENA economies grow via a more efficient transportation of goods.

Trella’s growth follows the recent, successful completion of a $42 million funding round, comprising $30 million new equity and $12 million debt facilities. The MENAP Road Freight market is a significant one – worth $50 billion, and Trella’s fund raise proceeds are being invested in tech capacity and product development to fuel growth, accelerate the Company’s journey to reducing the costs of moving goods, and continue being the regional market leader.

Trella growth strategy remains focused on its GCC expansion plan. This latest market entry paves the way for a new multi-city expansion, which will increasingly connect multiple trucking routes – representing a next frontier in efficiency of trucking in the region – and is consistent with Trella’s mission to reinvent trucking.

Peter May, Head of Global Expansion at Trella, said:

“Trella’s expansion into the UAE is a huge milestone for the company. Logistics competency is directly linked to economic growth meaning our platform’s ability to bring more transparent, reliable and efficient trucking more widely across the GCC - is excellent for the region and our own growth.

“The MENAP freight market is a significant one, and we are trusted and used by some of the world’s most recognisable brands. Today’s launch in the UAE is just the start of our wider roll-out across more cities and countries in the GCC.”

Trella disrupts and reshapes the freight industry by connecting shippers directly to carriers, with significant positives for both. The platform solves industry challenges including shippers suffering unreliability, inefficiency via fragmented truck ownership, high price points and low transparency.

Shippers can book directly and access a transparent pricing structure. Shipments can be tracked in real-time, and receive analytics on transportation performance. Improved load utilization also helps reduce cost. For truck drivers, Trella improves efficiency as freight is moved intelligently – which boosts carriers’ earnings and creates job opportunities.

Trella has 350+ shipper partners including blue-chip brands such as: Coca-Cola, Maersk, Mondi, Henkel, Orascom and Cemex. It also has 15,000+ carrier partners.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases