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Ninja Van

ninjavan.co

Founded Year

2014

Stage

Series E | Alive

Total Raised

$976.5M

Valuation

$0000 

Last Raised

$578M | 1 yr ago

About Ninja Van

Ninja Van offers next day deliveries for e-commerce companies, with services like order creation, real-time integrated milestone updates, and automated customer communications.

Headquarters Location

30 Jln Kilang Barat

159363,

Singapore

+65 6602 8271

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ESPs containing Ninja Van

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Transportation & Logistics / Supply Chain Tech

E-commerce fulfillment & logistics providers help retailers quickly and easily fulfill online orders through a suite of offerings — typically including access to fulfillment centers to enable distributed inventory, express shipping, order and inventory management, and reporting and analytics dashboards.

Ninja Van named as Leader among 15 other companies, including ShipBob, Shippo, and Sendle.

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Expert Collections containing Ninja Van

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ninja Van is included in 5 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,748 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,201 items

G

Grocery Retail Tech

640 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

O

On-Demand

1,251 items

R

Retail Tech 100

200 items

The winners of the 2020 CB Insights Retail Tech 100, published December 2020.

Latest Ninja Van News

This startup offers EV battery swapping for corporate fleets – clients include Singpost, Ninja Van

Nov 28, 2022

In this article Back when Olivier van Hardenbroek and Thomas Streitberg were pursuing their executive MBA at INSEAD in Singapore, they cooked up the idea for MO Batteries , which is a company that offers electric motorbike fleet charging solutions across Southeast Asia (SEA). Olivier is a banker by background, with extensive experience in operations management and business development, while Tom started his career as a lawyer. He later delved into the banking industry too as an investment banker, before switching to be an entrepreneur and angel investor. They later spoke to Paul Booij and Greg Willis about the business idea, who eventually also came onboard as fellow co-founders of MO Batteries. Unlike Olivier and Tom, both of them have had some form of experience in the electric vehicle (EV) sector. Greg had spent the bulk of his career in the motorbike industry — he was most recently the managing director of Harley Davidson in Japan, and was responsible for the launch of Harley Davidson’s Livewire electric motorbike in SEA. Meanwhile, Paul is a scientist and inventor who specialises in complex optimisation challenges. Amongst his most recent projects, he worked with the Singapore government on the electrification of the public bus network and holds three patents. Addressing climate change with EVs “MO was founded on a desire to find quick, practical ways [to] reduce carbon emissions [and] address climate change. Shifting from petrol vehicles to EVs ticks these boxes,” said Thomas. “So we started to look at the EV landscape and very quickly came to realise that most EV solutions were based around private cars with secure access, and to a reliable electricity supply. Essentially, this is the Tesla model and it’s designed for the USA — but this is not how transport works in most of SEA.” Motocycles are a vehicle of choice in Vietnam / Image Credit: Shutterstock Around 80 per cent of households in SEA rely on a motorbike as part of their transport needs. This adds up to around 230 million motorbikes plying the roads in the region, cited Thomas. In spite of this staggering number, they found that no one was really thinking about how all these motorbikes could go electric. This prompted them to find ways to quickly, simply, and cost-effectively transition petrol-driven motorbikes to electric motorbikes across SEA. Instead of manufacturing EVs or batteries, MO Batteries work with corporate customers to identify the best electric motorbike on the market for their fleet needs. With its proprietary software, they then design, build, and manage the fleet’s charging operations in a fully optimised way. By fully optimised, we mean a design using the minimum number of motorbikes, the least amount of charging infrastructure, and the smallest amount of electricity to meet the fleet’s demands. By reducing all of the elements in the fleet, we reduce the overall cost of acquiring and running the fleet. So the client receives a zero-emissions EV motorbike fleet at a similar or lower price than their existing petrol fleet. By providing a single, comprehensive, cost-effective solution to the challenge of transitioning to EVs, we make it easy for corporate fleet operators to go green. – Thomas Streitberg, co-founder of MO Batteries Battery swapping for electric motorcycles However, the biggest gripes that people have when it comes to adopting EVs are costs and range anxiety. “People are put off by the higher upfront costs of EVs and are concerned about the risk of getting caught out with a flat battery,” said Thomas, adding that MO is specifically designed to address both of these issues. Its fully-optimised fleet solution helps to reduce the cost of operating an EV fleet so that it is on par or lesser than a petrol-driven fleet. Additionally, its software manages the fleet to ensure that there is always a charged battery available when needed. This is where its battery swapping service also comes into play to help address range anxiety. Charged batteries are delivered to fleet operators’ hubs 24/7 guaranteeing no downtime from charging / Image Credit: MO Batteries MO charges batteries at a centralised charging facility and then delivers them to the client, where they are stored in a swap station. The client’s drivers then swap the charged batteries for their discharged batteries whenever they need them. MO collects the discharged batteries and brings them back to the charging facility, and the cycle begins again. – Thomas Streitberg, co-founder of MO Batteries Their fee structure is also simple. They charge a fixed fee per month per electric motorbike, which lets customers get access to the electric motorbike, batteries, and their management software. “This is attractive because it means the client doesn’t have to pay to purchase an electric motorbike or battery, or pay to install and operate any charging equipment on their premises,” said Thomas. Furthermore, the key value of battery swapping is there is no downtime or charging. By swapping your discharged battery with a fully-charged one, you don’t have to wait around while the battery charges. Some of their local clients include Singpost, DHL, Ninja Van and Prosegur. In October, MO Batteries also signed an agreement to expand with Grab, in which they will conduct a four month-trial of electric motorbikes using MO’s system in Singapore. Particularly, Grab’s delivery-partners will deliver food using electric motorbikes and battery swapping supplied by MO. The trial with Grab is expected to commence in the first quarter of 2023. MO Batteries was awarded the sandbox pilot from LTA MO Batteries were on the cusp of launching when COVID-19 hit, but their plans came to a standstill for two years due to the pandemic. “In some ways, this was a blessing in disguise as it gave us the opportunity to really develop our tech stack so that our offering on the ground now is much stronger,” said Thomas.

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Ninja Van Frequently Asked Questions (FAQ)

  • When was Ninja Van founded?

    Ninja Van was founded in 2014.

  • What is Ninja Van's latest funding round?

    Ninja Van's latest funding round is Series E.

  • How much did Ninja Van raise?

    Ninja Van raised a total of $976.5M.

  • Who are the investors of Ninja Van?

    Investors of Ninja Van include Dynamic Parcel Distribution, Monk's Hill Ventures, B Capital Group, Zamrud Sovereign Wealth Fund, Alibaba Group and 12 more.

  • Who are Ninja Van's competitors?

    Competitors of Ninja Van include Moova, Deliveree, Trunkrs, Delhivery, Grab, Glovo, Didi Chuxing, J&T Express, Roadie, Loship and 17 more.

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