vSHIP

vShip is a venture under TruckIT Global (Private) Limited, with the slogan "So no truck will run empty." The startup, founded in 2019 and based in Sri Lanka, operates in the logistics and transportation industries. It recently secured a LKR2.50M Pre Seed Round investment on 12 September 2019, with John Keells X as the lead investor.

vShip's platform aims to revolutionize the industry by facilitating the sharing of assets between shippers and truckers through aggregation. This optimization of asset utilization not only reduces the cost of transportation but also enhances efficiency within the logistics sector. The innovative monetization approach involves leveraging the empty return journey of trucks to increase revenue and utilization. The platform also allows for the sharing of trucks within its ecosystem, effectively addressing the issue of idling trucks by matching them with those requiring additional capacity on demand.

Mobile technology is at the core of vShip's operations, providing real-time tracking of deliveries and fleet movements for both companies and transporters. This technology also offers visibility to potential customers, enabling optimization at every level of the transportation process. Overall, vShip's forward-thinking business model and technological solutions position it as a promising player in the transformation of the logistics and transportation sectors.