Ninja Van Invests USD $50 Million to Modernize Automation of Parcel Sorting in Southeast Asia
A leading Singapore-based logistics startup Ninja Van Group has announced its plans to invest US$50 million to automate its parcel-processing capabilities across Southeast Asia. This investment reinforces the company’s commitment to developing greater operational efficiency and driving best-in-class service for its customers.
According to the official press release, the region-wide exercise will involve equipping 9 key regional hubs with automation technology by the second half of 2024. The improvements are expected to increase operational productivity by up to 50%.
Furthermore, the company has already implemented fully automated solutions, such as bespoke automated sorting belts, at some of its important parcel hubs in Singapore last year. Additionally, the organization intends to implement an automated system for its parcel-processing operations in Thailand, Indonesia, and the Philippines.
In 2021, the business completed a series E funding round and brought in 578 million US dollars. It is worth recalling that Ninja Van reported US$638.8 million in sales for the fiscal year that ended June 30, 2021, which was about twice as much as the previous year. According to Joel Ong, the Chief Operating Officer of Ninja Van, "an ideal delivery experience is vital in helping companies create confidence amongst online buyers. Consequently, it is crucial for us to continue investing in systems and processes that can produce these outcomes."
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