Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Increase the necessary prices such as African enterprises, food and medicine, they pay up to four times globally for driving goods. Logistics make up 75% of product costs on the continent, according to To the African Development Bank (Afdb). Many of these enterprises also trust in hand logistics that cause delay.
Nairobi Based Logistics Program-AS-A-Service Provider Years wants to change them all. AI-powered platform optimizes delivery paths, follows sending items in real time, facilitates payments and provides institutions with shipping concepts.
The beginning has increased $ 5 million to scale, and it says that it helps work to move in cheaper and faster. The European VC company SpeedInvest has led the tour by supporting the Google’s African Investment Fund and a African-oriented climatic technological fund.
In November 2022, Kenya Logistics Startup He gave rise to $ 3 million Several local investors, money used to deepen operations in five main markets: Kenya, Nigeria, Uganda, Zambia and Zambia.
Leta’s load and route optimization technology helps customers reduce customers’ expenditures and improve delivery efficiency by reducing the number of vehicles needed for CEO Nick Joshi.
Joshi says that by drawing live order information such as Skus, products, prices and customer details, POS and OMS systems are directly integrated with ERP, POS and OMS systems.
From there, the platform selects the best vehicle for each order and first, using the first (FIFO) or the latest (FIFO) or the last (Lifo) methods, the instructions decided to download products that replace the intuition. (FiFo is first downloaded to the oldest inventory, Lifo downloads the latest fund for the first time.)
The platform automates open creativity and shipping planning that optimizes the vehicle based on regional requirements and truck capacity. Finally, according to Joshi, the system of Leta, which optimizes real-time delivery roads by AI.
“For example, if trucks or motorcycles are repeatedly unable to complete this route, the AI flag as a blacklisted road,” CEO said. “It can be due to the flood, police stop, construction or presidential convoy. The system constantly updates the map layer to reflect these changes.”
Playing logistics, installed financial and sustainability
Leta’s real-time maps, one of the investors, has become a key asset for Google. Joshi notes that Google maps have not updated some areas of Nairobi since 2022, while Leta’s platform continuously cleans the road and address information caused by live customer delivery.
“We create a more robust map and address layout, so I think Google is interesting,” he said.
By closing stakeholders along the supply chain, Joshi sees financial services as a natural extension of Leta’s software platform and is already a pilot of new products. Joshi includes financing of assets for fuel cards, vehicles and facilities for potential victims delivery partners and financing the supply chain for FMCG merchants.
Deepali Nangia, which caused the leadership of the speed of Africa and the Middle East, said that the company supports Leta, because “opening new business opportunities, as Lentech and Fintech as Lentech as a growth driver.” “
Leta reduce the fleeting dimensions, without reducing fuel consumption and waste, not reducing the resources of enterprises, landing, and reduce the fleet dimensions.
“A company with a 70 truck uses $ 30,000 per month,” Coshi allegations “.” We have not started following carbon waste, but it is the main purpose for this year. “
Kenyan startup now optimizes global brands and 10,000+ daily trips in the market and 10,000+ daily visits such as KFC and Diageo, including KFC and Diageo and local giants.
Since then We also cover 2022Yes, the massive growth was growing: 500,000 transportation from 20,000 tons to 150,000 to 4.5 million and 7,000 vehicles from 7,400. As a result, the revenues of Leta, which prepared a valuable price model of a delivery, says Joshi.
Leta aims to double the income in the Middle East, more countries in the country and more countries in the Middle East in the Middle East in the future.
Global scale, leta mirrors Early flexport before the technological application and passing on active ownership. Logistics in Africa as the beginnings You, Lori (Supported by Google) and Kobo360 An active-heavy approach, trucks acted as aggregate and intermediary. But this model fought to the end Closes and pivots.
Leta leads a different approach: simply software. Instead of having assets or aggregate, it helps with companies with fleets and helps them to optimize efficiency and optimize their use. A PlayBook like this is other global logistics technology firms Bringg, Onfleetand Rising Also follow.
“The first generation of the start of the logistics in Africa worked by proving that the market is a hard worker and what is possible,” Joshi said. “When we include, some wanted to re-assign or re-determine their jobs. Thus, we knew what the market looked for and what it was necessary.”
