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Wed, July 24, 2024

Published Date: January 4, 2021 ,Last modified on January 7th, 2021

Coconut Silo

App developmentBig dataCommercial VehicleEnterpriseLogisticsmarketplacemobile app development app development eCommerce app developmentMobilityTruck

Coconut Silo is logistics/commercial vehicle specialized mobility startup. We make logistics easy.

Company Intro Video


  1. Awarded by Ministry of Science and ICT, Republic of Korea
  2. Awarded by Ministry of SMEs and Startups, Republic of Korea
  3. Commendation from Minister of SMEs and Startups, Republic of Korea
  4. 7 MOUs
  5. Partnerships with Mercedes-Benz Korea, Daimler Truck Korea, Fujitsu Japan
  6. 11 Patents in total(7 in Korea, 2 in China, 2 in Vietnam)
  7. Branches in the USA, China, Vietnam and India

Company Overview

Coconut Silo is logistics/commercial vehicle specialized mobility startup.
We connect whole players in the logistics market into a single platform, COCO TRUCK.

Cargo owners can move their cargo even if they don’t own their own trucks, both logistics companies and truck drivers can get more orders. Moreover, logistics companies can manage their resources just in our platform, which means they can get their FMS(Fleet Management System) for free. Big data features like smart consolidation system, matchback algorithm, automated price suggestion and targeted 3rd party services enhance efficiencies.

Problem Overview

76% of the globe has a logistics problem. Players in the logistics market are still contacting each other with old communication methods like mails and phone calls. Moreover, they are still working manually in front of their desk. Truck drivers are wasting their time on the road, until the right orders to be allocated.

Founders' Bio

Seungyong Kim





Term Sheet

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  • About Coconut Silo
  • Website : coconutsilo.com
  • Location : South Korea
  • Founded year : 09/03/2020
  • Company size : 20 people
  • Total funding amount: $450000
  • Markets: Big dataCommercial VehicleEnterpriseLogisticsmobileMobilitySmart CitiesTransportation/Vehicle TechnologyTruck