728 banner ad
220 banner ad

KeepTruckin Receives Strategic Business Investment from ITOCHU

| September 11, 2019

Strong alliance will bring operations, ecosystem, and fleet management expertise to new markets and fleets of all types

KeepTruckin has received a capital investment from ITOCHU Corporation that includes a strategic business alliance. KeepTruckin will use the funds to forward its commitment to creating innovative technology and apply advancements in machine learning to make the transportation industry safer and more efficient.

KeepTruckin is transforming fleet management by bringing the trucking industry online, serving more than 55,000 for-hire carriers and 250,000 vehicles. From reducing facility detention time to exonerating drivers in traffic accidents and streamlining regulatory compliance, KeepTruckin is broadening its services to help carriers manage their operations and grow their businesses. As one of the largest Japanese trading companies distinguished by its automotive and operations relationships, ITOCHU is partnering with KeepTruckin to build the future of freight.

This collaboration will see KeepTruckin’s innovative products and data science expertise combined with ITOCHU’s vast U.S. and overseas commercial networks. The strategic partnership will accelerate KeepTruckin’s business growth and reinforce ITOCHU’s vehicle/truck-sector product sales and financial and logistics capabilities.

“As transportation innovators in long haul and local transportation, we seek to invest in companies that understand the vision of what’s needed to transform an industry through innovative solutions with market-oriented perspective,” said Takanori Morita, Executive Officer, ITOCHU. “KeepTruckin is a proven leader in the North American trucking industry. We’re excited to partner with them as they build an open freight marketplace that leverages the connectivity and data unlocked by its market leading fleet management platform.”

“ITOCHU is a powerhouse in the transportation logistics space, and their investment in KeepTruckin underscores the importance of bringing intuitive tools to the trucking industry,” said Shoaib Makani, CEO and co-founder, KeepTruckin. “Itochu’s expertise aligns with our solutions and we’re excited to partner with Itochu to bring value to a broader set of customers and markets.”

ITOCHU’s investment in KeepTruckin includes a strategic business alliance to foster network growth, product distribution, and an open freight marketplace. As a Fortune 500 company, ITOCHU will align its global operational presence with KeepTruckin’s vision of modern fleet management

Category: Connected Fleet News, Driver Stuff, Featured, Fleet Diagnostics & Software, General Update, News

Comments are closed.