Backed by new investor OGCI, Ontruck eyes more partnerships, influence in building a greener road freight industry

Ontruck’s COO and co-founder Rika Christanto ©Ontruck

The B2B platform for greater route efficiency and sustainability in trucking raised €17m despite supply chain disruptions, economic uncertainties during Covid-19

With total funding of €54m to date, Ontruck continues to make inroads into the European trucking industry. Last month it raised €17m to support the continued growth of its green and sustainable freight transportation network in Europe, a goal it expects will be boosted by the entry of new investor, the Oil and Gas Climate Initiative (OGCI), which led the funding round.The deal successfully closed in June despite supply chain disruptions and gloomy economic forecasts resulting from the Covid-19 pandemic. Comprising the 12 biggest companies of the oil and gas industry, including Shell, Repsol, T...
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Edited by Suzanne Soh

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