In a remarkable new milestone, CloudFret has successfully concluded a new funding round, securing €2 million from its longstanding investors, AfriMobilty and Azur Innovation Fund.
Accelerating Growth: CloudFret’s Ambitious Plans Unveiled
Active in Morocco since 2021 and extending its presence to Marseille, CloudFret is poised to fast-track its development. The ambitious goal is to double its workforce by the end of 2024. However, the primary focus lies in the successful launch of its cutting-edge optimization solution for empty truck returns, specifically targeting the intra-European market.
Evolution in Expertise: CloudFret’s Journey and Specialization
Originally concentrating on mitigating empty truck returns across the Mediterranean shores, CloudFret, with its team of a dozen dedicated employees, has revolutionized the logistics landscape. Their platform, driven by an advanced AI algorithm, connects shippers and carriers seamlessly.
Unveiling the Innovation: Mobile SaaS Solution for European Logistics
Driss Jabar, the visionary Founder and CEO of CloudFret, sheds light on the innovation. “We’ve developed a mobile SaaS solution accessible from all download platforms, catering to European carriers, freight forwarders, and shippers,” he explains.
Paving the Way Forward: CloudFret’s Strategic Expansion
With an initial focus on the Mediterranean, CloudFret’s new optimization solution targets the intra-European market. This strategic move aims to not only consolidate their existing clientele but also attract a broader base of shipper customers and transport partners.
Strengthening Alliances: CloudFret’s Network Growth
CloudFret presently boasts 130 shipper clients who can seamlessly connect with a vast network of 900 transport companies, collectively managing 7,000 vehicles. This expansive network spans six countries: France, Spain, Morocco, Senegal, Portugal, and Italy.
In conclusion, CloudFret’s latest funding injection positions the company on the cusp of exponential growth. With an enriched workforce, an innovative optimization solution, and a growing network, CloudFret is undoubtedly poised to leave an indelible mark on the European logistics landscape.