GoBOLT raises Rs 40 Crore in a Series-A round of equity investment

4 October, 2018: Camions Logistics Solutions, a technology-enabled surface transportation company that operates under the brand name ‘GoBOLT’, has secured a Series-A round of equity investment of Rs 40 crores from Aavishkaar, an impact fund advisory firm and part of the Aavishkaar - Intellecap Group.

GoBOLT will be leveraging the raised funds primarily to strengthen its team, expand its presence across India, increase its fleet size, further develop its technology platform and also foray into allied business segments.

GoBOLT, incorporated in 2015, focuses on disintermediation and increased vehicle utilisation by leveraging technology. The company focuses on express cargo movement and caters to leading ecommerce, FMCG and FMCD companies through its fleet of owned and hired vehicles. Its technology platform enables it to drive operational efficiencies through improved route planning, documentation, tracking and control, etc. resulting in reduced transit time and improved service levels for its clients.

Speaking on the funding, Parag Aggarwal, CEO, GoBOLT said, “We founded GoBOLT with a vision to transform the sector through technology-enabled operational excellence. With the advent of GST and increased regulatory focus, the logistics industry is moving towards efficient transit times and GoBOLT being an express logistics company, is well positioned and prepared to lead this change. We believe our model of using technology to integrate our drivers and vendor partners is transformational and enables their skill enhancement and financial & social inclusion. We are extremely excited to partner with Aavishkaar who shares our vision of driving transformation by creating value for all stakeholders”

Ajay Maniar, partner, Aavishkaar Venture Management Services, said, “We are extremely excited about working with the team at GoBOLT who have demonstrated an unyielding focus on improving operational efficiencies through their technology platform. Logistics is a sector that is poised for transformation and GoBOLT has demonstrated that by leveraging technology they are able to integrate and up-skill small fleet operators to deliver high levels of vehicles utilisation.”