Teleport has raised new growth capital of $50 million from large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets. Teleport plans to use these funds to induct additional freighters, build critical hubs in Indonesia, the Philippines and Malaysia, and further invest in technology.
Pete Chareonwongsak, CEO of Teleport said: “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.”
Teleport has quadrupled its intra-Southeast Asian market share in terms of cargo volume from 2% in 2021 to 9 % in Q3 2022 and grew its e-commerce business six times year-on-year. Teleport is the logistics venture of Capital A and has been serving B2B customers of all sizes with air logistics solutions across Southeast Asia.