Teleport, Capital A’s logistics venture arm, is well on its way to extend its cross-border delivery capabilities in all key Southeast Asian markets following a new growth capital of RM220 million from large institutional credit investors.
The funds will go to the development of the regional cross-border logistics player’s market leadership by strengthening its freighter network and expanding on-ground operations in Indonesia, the Philippines and Malaysia.
CEO of Teleport, Pete Chareonwongsak, commented that the company’s mission from day one is to deliver consistently better than anybody else in Southeast Asia. “We believe if we guarantee next-day speed at a cost anyone can afford, everyone will choose to ‘Teleport It’.”
“The key to Teleport’s leadership in the next three years is the extension of our 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,” he adds.
Since 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.
Teleport has quadrupled its intra-SEA market share in terms of cargo volume from 2% in 2021 to 9% as at Q3 2022 and grew its e-commerce business 6x year-on-year.
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.