Ontruck, an innovative short-haul freight transport company

  • The company has been pre-selected in the National Transport Awards 2018, in the category "Excellence in Technology", and has attracted shipping clients such as Procter & Gamble (PG.N), Decathlon, and more than 400 medium-sized companies from Spain and Great Britain.

Íñigo Juantegui, Gonzalo Parejo Navajas, Samuel Fuentes, Javier Escribano and Rika Christanto founded Ontruck in 2016 to automate the process of assigning palletized loads to carrier vehicles. It arises from the need for digital innovation and the application of new technologies to a sector with an approach that is obsolete.

The company connects its customers with an extensive network of professional carriers, in order to provide a reliable and efficient delivery service, with the possibility of checking the status of each shipment in real time. The carriers can receive orders and accept them if they wish through a free application, so that they can completely fill their vehicles and increase their income.

The startup currently operates in two countries: Spain and UK. In Spain the company is present in the central zone (Madrid and bordering provinces), Catalonia and the Valencian Community. In the United Kingdom it operates in London and in the south-east of the country.

A FAST, SIMPLE AND INTUITIVE SERVICE

It is a simple, transparent and efficient service with the guarantee of teams made up of leaders with experience in the supply chain industry.

On the one hand, it provides an immediate way to access their prices, simply by entering the website and quoting the shipment. Any company can schedule a shipment for free and contract in less than two minutes a freight of any dry or refrigerated goods on local or regional routes in the areas where it currently operates.

The transport can be requested for there and then or it can be schedules, that is to say, you can order services of 24h and 48h, which entails the pick up of any palletized merchandise in less than 30 minutes. They are also very competitive in price within their sector, up to 50% cheaper than the rates that are usually handled in the sector.

On the other hand, OnTruck is firmly committed to optimizing the use of commercial vehicles through the generation of routes. Their technology solution seeks to capture the inefficiencies generated in regional freight transport when you combine and execute a high volume of loads in a very defined geographic area and generate route opportunities that reduce the number of kilometers that the vehicles in our network run empty.

INVESTMENTS AND FINANCING ROUNDS 

The founders of OnTruck set aside 100,000 Euro for the creation and commissioning of the project. However, friends and family soon wanted to participate, with an investment of 500,000 Euro.

In October 2016 they closed a first round of financing worth 2 million Euro, in which Point Nine Capital, based in Berlin, the British fund Local Globe and Samaipata Ventures participated. In May 2017, a second round of 9.2 million Euro financing took place led by Atomico, followed by the French IdInvest fund and the venture capital of the also French company, Total Energy. In May 2018, they received their third round of financing worth 25 million Euro, led by the Cathay Innovation fund, followed by Atomico, Idinvest Partners, All Iron Ventures, Total Energy Ventures, GP Bullhound.

The company has been pre-selected in the National Transport Awards 2018, in the category “Excellence in Technology”, and has attracted shipping clients such as Procter & Gamble (PG.N), Decathlon, and more than 400 medium-sized companies from Spain and Great Britain. It is currently backed by a large team of French, British, German and Spanish investors who believe there is a great need for innovation in the transport sector. Investors include Samaipata Ventures, Cathay Innovation, GP Bullhound, IDinvest Partners, La Famiglia, Pointing Capital, All Iron Ventures, Atomico and Total Energy Ventures.

INTERNATIONAL EXPANSION AND TALENT

Ontruck has international expansion plans for 2019 from the launch of operations to enter the French market. At the same time, they are committed to acquiring talent to be as competitive and innovative as possible, especially in the product and technology departments. They also plan to invest more in sales and marketing efforts, in the growth of people and in investment tools for better service, thus supporting their customers in the most effective way possible.