• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Programs LAUNCHPAD

Korean startup Coconut Silo makes cross-border logistics tracking easier, efficient

James Jung by James Jung
October 7, 2020
in LAUNCHPAD, Programs, Transportation
0
Korean startup Coconut Silo makes cross-border logistics tracking easier, efficient

Korean startup Coconut Silo helping logistic businesses.

0
SHARES
783
VIEWS
Share on FacebookShare on Twitter

The logistics industry businesses face many inconsistencies and fragmentation because of the various parties involved, and there is a lack of centralised control. Korean startup Coconut Silo has created a smart solution for the logistics industry to get more control and track the resources anytime, anywhere, within a glance.

Track the resources at no additional cost

Coconut Silo, a Hyundai Motors’ in-house startup, makes cross-border logistics smoother with tracking technology and no additional cost. The startup currently runs a truck-hailing platform in ASEAN countries and is seeking market expansion to GCC (Gulf Corporation Council). Using Coconut Silo’s technology, clients can track their resources anytime, anywhere.

The most important thing is that it is free to use. Big data features of the solution enhance efficiency and profits. Businesses can cut transportation costs through their services, which provide truck information, optimum route algorithm, trace algorithm, etc. The orders for logistics can get orders within 5 minutes. The technology eliminates the disadvantages of traditional communication methods, manual labour, and vague price standards. Cargo owners can send transport without owning the truck and take actions during the transit.

Coconut Silo’s logistic solutions.

Targeting the Gulf and global logistics market

The company target is all logistics players from logistics companies, cargo owners, and truck drivers. Coconut Silo has integrated third-party services like insurance, fueling, maintenance, and benefit programs for customers in their service. Coconut Silo’s business model is based on a freemium plan, commission, and third party service fees.

Coconut Silo plans to enter the Gulf countries with headquarter in Dubai and also enter the Kingdom of Saudi Arabia. Coconut Silo is a dynamic startup that went independent in March 2020 when the world was in the grip of COVID-19. It was launched in 2018 under the H-Startup program of Hyundai Motors. During their H-Startup days, Coconut Silo was selected as the program ‘RISING X 2nd generation,’ a program that supports a startup’s global launch, which helped them prepare their global launch. Coconut Silo’s goal is to be a mobility startup that makes mobilities easy in developing countries near the equator, starting from Vietnam, India, Brazil.

Also Read on Koreatechdesk.com,

  • Korean Radar technology startup Bitsensing raises $5.8 million investment
  • Stradvision’s Autonomous Vehicle Technology gets a boost with $27 million funding
  • CarVi: The Korean startup that provides advanced driving assistance to reduce road accidents 
  • Korean startup MOBILTECH playing an important role with 3D scanners in the autonomous driving field
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Coconut SiloCross-BorderKOCCA_launchpad_Dubai_2020Korean StartupLogisticsTransportation
Previous Post

Top Challenges that SMBs Face with Cyber Security

Next Post

Korean startup Alyce Healthcare offers AI-driven personal trainer solution ‘Weelo’

Next Post
Korean startup Alyce Healthcare offers AI-driven personal trainer solution ‘Weelo’

Korean startup Alyce Healthcare offers AI-driven personal trainer solution ‘Weelo’

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • UNDP-Citi Foundation’s impact startup acceleration programme ‘Citypreneurs 2023’ to promote innovative solutions for urban sustainability

    0 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Fabless semiconductor startup Fadu raises pre-IPO funding, becomes this year’s first Korean unicorn

    0 shares
    Share 0 Tweet 0
  • Quantit secures  30 billion won Series A investment from Smilegate Holdings for AI-based FinTech Asset Management Services

    0 shares
    Share 0 Tweet 0
  • Korean startup launching a nose-print identification for dogs, an alternate to the microchip embedding process

    0 shares
    Share 0 Tweet 0
  • Korean government pledges to nurture K-Space startups with 50 billion won ‘space fund’

    0 shares
    Share 0 Tweet 0
  • Afun Interactive receives investment for Virtual K-Pop Content Production

    0 shares
    Share 0 Tweet 0
  • Korean startups fall short on global readiness, finds Open Innovation Trend survey

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.