Logistics

During the demo, deliveries were tested at a distance of approximately 10 km and with a load of up to 2.5 kg.

The startup simplifies international shipping using emerging technologies like blockchain and big data analysis.

As companies reduce per kilometer payments and incentive schemes, couriers for large tech companies’ logistics services are refusing orders.

Sources also say China’s Xpeng targets up to USD 2 billion in homecoming listing.

The company currently has 350 shipping partners and over 15,000 carriers using its platform.

The company’s technology can sort 2,500 products per hour, slashing logistics expenses in an industry with rising labor costs.

Over the past 18 months, demand for Bringg’s platform exploded with 180% year-over-year new customer growth.

Customer misunderstanding of cash on delivery is a big part of the problem, experts say.