LOGIVAN Logistics Group: Company Profile

Background

Overview

LOGIVAN Logistics Group is a Vietnamese technology-driven logistics company founded in September 2017 by Linh Pham, a Cambridge University graduate and former technology analyst at Goldman Sachs. The company operates as a digital freight network, connecting shippers with a vast network of truck drivers and fleet owners to optimize cargo transportation across Vietnam. LOGIVAN's mission is to digitize the trucking industry, providing a high-quality automated matching system that reduces logistics costs and enhances supply chain efficiency for businesses nationwide.

Mission and Vision

LOGIVAN's mission is to digitize the trucking industry, creating a technological foundation to provide a high-quality automatic matching system that saves logistics costs for all Vietnamese businesses. The company's vision is to become the leading digital freight network in Southeast Asia, driving sustainability and delivering excellence in logistics services.

Primary Area of Focus

LOGIVAN focuses on improving the efficiency of freight transportation by reducing the high rate of empty return trips, which is a significant issue in Vietnam's logistics sector. By connecting shippers directly with truckers, LOGIVAN aims to lower logistics costs, decrease carbon emissions, and enhance the overall efficiency of the supply chain.

Industry Significance

LOGIVAN plays a pivotal role in transforming Vietnam's logistics industry by addressing the challenges of market fragmentation and inefficiency. The company's innovative approach has garnered recognition and support from various stakeholders, including investors and industry leaders, highlighting its significance in the regional logistics landscape.

Key Strategic Focus

Core Objectives

Digitization of Logistics: Implementing technology solutions to streamline logistics operations and improve efficiency.

Cost Reduction: Minimizing logistics costs for businesses by optimizing truck utilization and reducing empty return trips.

Sustainability: Promoting green logistics practices to reduce carbon emissions and environmental impact.

Specific Areas of Specialization

Freight Matching: Utilizing technology to match available trucks with cargo loads in real-time.

Route Optimization: Developing algorithms to optimize routes and reduce fuel consumption.

Green Logistics: Introducing electric trucks to the logistics network to promote sustainable transportation.

Key Technologies Utilized

FreightOS™: LOGIVAN's proprietary technology platform that facilitates real-time freight matching and route optimization.

Artificial Intelligence (AI): Employing AI for truck-matching and pricing algorithms to enhance operational efficiency.

Data Analytics: Leveraging data analysis to improve supply chain efficiency and user experience.

Primary Markets or Conditions Targeted

LOGIVAN primarily targets the Vietnamese logistics market, focusing on intercity freight transportation. The company addresses the challenges of high logistics costs, market fragmentation, and environmental concerns associated with traditional trucking practices.

Financials and Funding

Funding History

LOGIVAN has successfully raised a total of $7.9 million through multiple funding rounds:

Series A Round (February 2019): Raised $5.5 million from investors including Alpha JWC Ventures, Insignia Ventures Partners, and VinaCapital Ventures. This funding was intended to expand services to major cities like Ho Chi Minh City, Da Nang, and Hai Phong, and to invest in data analysis and AI capabilities.

Previous Funding Rounds: Prior to the Series A round, LOGIVAN secured $600,000 in April 2018 from Insignia Ventures Partners and $1.75 million in August 2018 from Ethos Partners, Insignia Ventures Partners, and VinaCapital Ventures.

Intended Utilization of Capital

The capital raised has been utilized for:

Service Expansion: Extending operations to major cities across Vietnam.

Technology Development: Enhancing the FreightOS™ platform and integrating AI for improved truck-matching and pricing algorithms.

Human Resources: Recruiting talent to support growth and innovation initiatives.

Pipeline Development

Key Pipeline Candidates

LOGIVAN's pipeline includes:

Electric Trucks: Introducing electric trucks to the logistics network to promote sustainable transportation.

AI-Driven Solutions: Developing AI agents for logistics and forwarding companies to automate tasks such as customs compliance and tariff management.

Stages of Development

Electric Trucks: LOGIVAN has pioneered the introduction of electric trucks in Vietnam, with the first EV trucks launched in 2024. The company has been nominated in the top 3 for the "Green Business of the Year 2024" award for this initiative.

AI-Driven Solutions: LOGIVAN has developed AI agents to assist logistics companies in tasks like customs compliance and tariff management, with deployment timelines fully subscribed for July and August 2025.

Target Conditions

Electric Trucks: Aiming to reduce carbon emissions and promote sustainable logistics practices.

AI-Driven Solutions: Targeting efficiency improvements in logistics operations and compliance processes.

Anticipated Milestones

Electric Trucks: Full integration of electric trucks into the logistics network by the end of 2025.

AI-Driven Solutions: Expansion of AI agent deployment to additional logistics companies in the coming months.

Technological Platform and Innovation

Proprietary Technologies

FreightOS™: A comprehensive platform that facilitates real-time freight matching, route optimization, and shipment tracking.

AI Agents: Developed to automate tasks such as customs compliance and tariff management, enhancing operational efficiency.

Significant Scientific Methods

Machine Learning Algorithms: Employed in truck-matching and pricing to optimize operations.

Data Analytics: Utilized to analyze supply chain metrics and improve decision-making processes.

Leadership Team

Key Executives

Linh Pham: Founder and CEO. Linh holds a degree from Cambridge University and has a background as a technology analyst at Goldman Sachs. She founded LOGIVAN to address inefficiencies in Vietnam's logistics sector.

David Salt: Chief Product Officer and Chief Operating Officer. David has a background in logistics and operations, contributing to the development and scaling of LOGIVAN's services.

Key Contributions

Linh Pham: Spearheaded the establishment and growth of LOGIVAN, leading the company's strategic direction and innovation initiatives.

David Salt: Played a pivotal role in product development and operational scaling, ensuring the company's services meet market demands.

Competitor Profile

Market Insights and Dynamics

Market Size and Growth Potential: Vietnam's logistics industry is significant, with logistics costs accounting for a substantial portion of the country's GDP. The market presents opportunities for digital transformation and efficiency improvements.

Industry Trends: There is a growing emphasis on digitalization, sustainability, and AI integration in logistics operations.

Competitor Analysis

Manbang Group: A Chinese truck-hailing platform similar to LOGIVAN, focusing on connecting shippers with truckers to optimize freight transportation.

Gojek: An Indonesian company offering logistics services through its platform, competing in the Southeast Asian market.

Strategic Collaborations and Partnerships

LOGIVAN has established partnerships with:

Alpha JWC Ventures: Indonesian venture capital firm that led the Series A funding round.

Insignia Ventures Partners: Singapore-based venture capital firm that invested in LOGIVAN's early funding rounds.

VinaCapital Ventures: Vietnamese investment firm supporting LOGIVAN's growth and expansion.

Operational Insights

LOGIVAN differentiates itself through:

Technology Integration: Utilizing proprietary platforms and AI to enhance logistics operations.

Sustainability Initiatives: Introducing electric trucks to reduce carbon emissions.

Market Focus: Concentrating on the Vietnamese market with plans for regional expansion.

Strategic Opportunities and Future Directions

Strategic Roadmap

LOGIVAN plans to:

Expand Service Coverage: Extend operations to additional cities and regions within Vietnam.

Enhance Technological Capabilities: Further develop AI-driven solutions and integrate advanced data analytics.

Promote Sustainability: Increase the adoption of electric trucks and green logistics practices.

Future Business Directions

LOGIVAN aims to:

Regional Expansion: Explore opportunities in other Southeast Asian markets.

Diversify Services: Introduce new logistics solutions and services to meet evolving market needs.

Opportunities for Expansion

AI Integration: Leverage AI to offer advanced logistics solutions.

Sustainability Leadership: Position as a leader in green logistics within the region.

Positioning for Future Objectives

LOGIVAN's strengths in technology, sustainability, and market understanding position it well to achieve its future objectives and drive growth in the logistics sector.