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INTERNET | Internet Software & Services / Supply Chain & Logistics
quicargo.com

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Founded Year

2015

Stage

Series A | Alive

Total Raised

$5.11M

Last Raised

$3.48M | 3 yrs ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Quicargo

Quicargo is a real-time bidding platform allowing shippers to book empty cargo space in an affordable and convenient way.

Quicargo Headquarter Location

Johan Huizingalaan 763a

Amsterdam, 1066 VH,

Netherlands

+31 20 2620216

Latest Quicargo News

FOUNDER STORIES: Quicargo with Avishai Trabelsi

Jul 12, 2021

FOUNDER STORIES: Quicargo with Avishai Trabelsi FOUNDER STORIES: Quicargo with Avishai Trabelsi July 12, 2021 12-Jul-2021by Maria Savonova Logistics start-up Quicargo is an eminent online platform that gives any business access to the most reliable trucking companies in Europe while reducing empty journeys, CO2 emissions, time, and energy. Created by Avishai Trabelsi and Roni Liberman, after facing a number of problems with Trabelsi’s family transport company in Israel, the company successfully completed our 3-month accelerator program in 2016 and is now a Startupbootcamp Alumni. We caught up with Avishai to hear about his journey as the founder of a successful business and what we can expect next from the company. Let’s talk about your entrepreneurial journey. What was your motivation both professionally and personally in starting Quicargo? 50% of the trucks worldwide are running empty. Not only is it a waste of fuel and cargo space, but it increases pollution and traffic congestion causing significant and unnecessary harm to the environment. Before Quicargo, I was in Israel managing my family’s transportation company. It was there where I realized that the industry is in real trouble. Costs were constantly increasing while the prices you could charge customers were limited due to high competition. I discovered that the only possible thing to improve was capacity. While investigating this topic further, I found that 50% of all trucks are traveling empty. Once I realized this was the case around the world, I decided to quit the family business and started Quicargo with the goal of solving this huge problem. What were the opportunities you identified before others did – any challenges in doing so? Because I was already in the industry, I felt the pain, and I saw it everywhere. I couldn’t do anything, but I was dreaming about it every night; how I could solve it. But once I made the decision, I went for it. I spent everything I had from my apartment: my savings, car. I put everything I had because I really believed our idea could solve one of the biggest problems in the logistic industry. Once you’ve got that trigger inside to do something, it’s very difficult to stop. And this is what happened. So I tried it in Israel. After researching different countries, I was met with some barriers, so I shifted and moved to the Netherlands. As with every business, when you’re trying to disrupt an industry and initiate your idea, you’re met with negative answers 90% of the time. Many people didn’t think it was possible. I was asked again and again: “How come people couldn’t do it before?”. That’s the most important thing to have: to approach a vast market – you need to understand it. You also have to have a lot of inner power to execute it. Tell us about your experience at Startupbootcamp – how was the accelerator process for you? I only knew that I wanted to move to the Netherlands and start Quicargo there because of the market dynamics. Also, the logistics companies there are already using advanced technology, so I thought it would be easier to introduce something new. Besides that, I didn’t have any contact or any relations with anyone. Thankfully, while looking for a solution, I came across Startupbootcamp. We connected, and they gave me the infrastructure I needed to get started, from the visa and offices to the first mentors, introductions to investors, and market researchers. That was an excellent start for me. Startupbootcamp offers you lots of tools and the right infrastructure, but the entrepreneur needs to be able to put this into action. And so you need to know what you want beforehand – you won’t learn about your business during this process. You’ll maybe learn about yourself, but if you’re not coming with a solid approach or goals, you probably won’t achieve anything but nice friends and some nice workshops. Quicargo is a big player within sustainability. What do you see for the future of logistics sustainability? Sustainability is one of the fundamental values of Quicargo. Road transportation is about 22% of the overall CO2 pollution in Europe. And while trucks only take up around 2% of the roads, they represent a significant amount of the pollution. If you remember what I said before about 50% being empty, you’ll find that every truck we fill equates to a significant environmental improvement. Moreover, because we work with all the technologies connected to calculating CO2 emissions, we know how to present to our manufacturers how much they can save while they’re delivering with Quicargo. So we’re slowly, step-by-step, getting to be known by them as a zero-emission company. We do it internally, and we do it with thousands of companies that are related to us. So for us, it’s a core value. And what are the major challenges and opportunities within this area? There are really amazing initiatives happening with sustainability, for instance, electric trucks, but it will take time to be commercially ready for most of them. For example, to run an electric truck for long distances, you need a lot of electricity which needs to come from a sustainable source, and these sources are limited. Second, as well as for long-distance, you need a huge and heavy battery, limiting the available capacity in the trucks to transport goods. Thirdly, you need infrastructure to support it. So you need to build it in a few years to be commercial in the different supply chain legs. Lastly, the cost of batteries is very expensive, and it will take time to make it chipper. Considering the low margin in the industry, it won’t be economical to use these trucks. Today, however, 50% are driving empty, so it’s nonsense. If we can save this 50% today, we don’t need to wait five or 10 years from now. Our impact is now. Trucks are one of the biggest sources of pollution, so we have a responsibility to manage this industry in the right way and be a front leader in that manner. What would you say is your biggest accomplishment at Quicargo that you’d like the world to know? I’ll tell you a short story that represents our impact. The story is about a guy that was managing his family transport company for the last three generations. He owned the company, and they were busy all their lives moving stuff for events. They were moving everything that you need for an event, such as speakers, etc. However, due to COVID, events stopped, so they did, too. They were stuck with 10 or 15 trucks, and it wasn’t long before they were on the edge of bankruptcy. Then they heard about Quicargo, and they registered. We opened them towards new industries, shifting them from the only thing that they knew for the last century to transport eCommerce and essential goods which were never accessible for them before. Instead of going bankrupt, they’ve now become one of the most active carriers on our platform. They’re even grown in size and are purchasing more trucks to meet demand. Yes, it’s business, but we changed the future of its family and their employees. Helping companies like this is a massive game-changer for me as it’s had such a big impact on people and their families. To wrap up, what’s your biggest piece of advice to corporate leaders as someone who has worked their way up from a startup founder to a corporate? It depends on which level in the corporation, but if, let’s say, the decision-maker makes a decision, it needs to be disruptive. Otherwise, other startups and scale-ups will bite them slowly in every different department. My advice is if you would like to be part of this disruption, or at least even if it’s against you, learn it. Be in the process with all the other departments and see what you can learn. It needs to be more than just a nice presentation for the board. It needs to be a genuine partnership and close collaboration. You need to get more people involved with everyone working together within the startup, preferably in an office, so everyone can feel the energy, obviously, if it’s relevant to your business. I think there is now a great opportunity for startups and corporations to connect, but in a way that they’re more direct. So really invest in that – don’t just see it as an idea that you never follow through on. Many thanks from Startupbootcamp to Avishai for sharing his story, and congratulations on the successes achieved with Quicargo ! Innovation will save the world! That is why we are excited to invite startups, scale-ups, and mentors dedicated to making the world a more sustainable and inclusive place to join our Sustainability Accelerator Program. Would you like to be involved? Click on the buttons below. Related Posts: FOUNDER STORIES: ProctorExam… May 21, 2021 We are excited to share that our alumni of… FOUNDER STORIES: Brickken with… June 9, 2021 We are excited to share a recent interview with… FOUNDER STORIES: Whering with… July 1, 2021 Today, we are delighted to share the story of…

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Research containing Quicargo

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CB Insights Intelligence Analysts have mentioned Quicargo in 1 CB Insights research brief, most recently on Nov 16, 2021.

Expert Collections containing Quicargo

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

Quicargo is included in 3 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,011 items

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

O

On-Demand

1,232 items

A

Auto & Mobility Tech

413 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

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