APX successfully raises pre-series A

Editorial Staff

APX successfully raises pre-series A from ORZON ventures to develop trucking solutions ready to enter SEA market.

APX, a Thailand-based LTL (Less-than-truckload) trucking hub-and-spoke network, has successfully raised pre-series A funding led by ORZON ventures, a venture capital fund powered by OR(PTT Oil and Retail Business PCL) and 500 Global, and iSeed SEA.

The funding will be used for expanding the APX team in Thailand, penetrating international markets, and strengthening the logistic platform.

APX (Asia Pallet Express) provides door-to-door cargo transportation services through its network with modern platforms for LTL and palletized cargo services. APX aims to build a connected truck transport network in Thailand and the ASEAN region to improve logistic efficiency while reducingCO2 emissions and the number of trucks needed on the road in the long run.

Currently, APX’s platform supports transportation to and from anywhere in Thailand, while also planning to expand to Malaysia and Singapore.

Uwe Dettmann, CEO and founder, said “As the CEO and founder, the future of our company given the generous support we've received from our lead investor, ORZON ventures who've put their trust in our vision and goal. This funding will enable us to remain at the forefront of our industry, pursuing new technologies and products that will benefit our community of stakeholders.

Sorawit Tantrakulcharoen, COO, said “ORZON ventures is the partner we desire the most. APX recognizes that there is a strong synergy, and we hope that this collaboration will strengthen APX through the opportunity to expand our delivery services, as well as, enhance the trust and benefits, attracting trucking companies to join APX's network.

Furthermore, APX's Less-than-Truckload (LTL) Network solution will not only improve the quality of transportation services, but reduce overall logistics costs, and provide value to a vast number of SMEs in Thailand, creating new sales channels and lowering delivery costs. Our APX team is confident that the funding from ORZON Ventures will be a significant step towards establishing APX as a leading trucking solution network in Thailand and a solid foundation for expanding our business to various countries in Southeast Asia (SEA), particularly as we plan to offer domestic and cross-border transportation services in Thailand, Malaysia, and Singapore.