KUALA LUMPUR, Dec 14 – Teleport, the logistics venture under Capital A Berhad (formerly known as AirAsia Group Berhad) has raised new growth capital of US$50 million (approximately RM220 million) from large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets.
Teleport will use the funds to induct additional freighters, build critical hubs in Indonesia, the Philippines and Malaysia, and further invest in technology that allows anyone to ‘Teleport It’ in 24 hours across Southeast Asia, a press release from the company said today.
Since its inception in 2018, Teleport’s core focus has been in serving B2B customers of all sizes with fast, affordable air logistics solutions across Southeast Asia, supported by a unique mid-mile advantage through AirAsia Aviation’s extensive network of passenger flights.
CEO of Teleport, Pete Chareonwongsak, said the company today was profitable, larger, and growing faster than pre-COVID. “We are battle-tested and believe a challenging environment is the perfect opportunity to build the leading cross-border logistics company in Southeast Asia.”
Teleport will be extending its network coverage by air with the induction of A321F freighters starting in 1Q2023. “We aim to easily connect manufacturers, exporters and e-commerce directly to any Southeast Asian market.”
Teleport has quadrupled its intra-SEA market share in terms of cargo volume from two percent in 2021 to 9 percent as at Q3 2022 and grew its e-commerce business six times year-on-year. The logistics venture of Capital A is also currently serving three of the largest marketplaces in Southeast Asia, namely Shopee, Lazada and Zalora.
This was achieved by focusing to serve three key business segments across the Southeast Asian region – first, global freight forwarders looking for the widest regional network; second, e-commerce marketplaces seeking affordable mid-mile solutions by air, and most recently, consumers looking for affordable international next-day parcel delivery.