Shell invests in Instafreight
Shell and the digital freight forwarding company Instafreight have formed a partnership to transform the European freight market. After successfully raising an investment from Shell’s corporate venturing arm, Shell Ventures, Instafreight will be working with Shell to expand its digital services to carrier companies in Europe.
“Our carriers that use the Shell fuel card are facing increasing expectations from their customers regarding digital capabilities. At the same time they are operating in a market with tight margins. By partnering with Instafreight, we can help our carriers to optimise capacity utilisation, increase their profitability and give them the real-time transparency their customers expect,” says Parminder Kohli, general manager business development Shell fleet solutions.
Thus, the cooperation goes beyond a mere investment. InstaFreight and Shell will work closely together to develop the best possible service for their customers. It offers both partners the opportunity to work together to develop new mobility solutions and services and to enhance and scale existing transport solutions. (mw)