“Box Letter Technology” completed the A2 round of financing, and the exclusive investment of Hongtai Fund

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36氪 was informed that Beijing Boxxin Technology Co., Ltd. (hereinafter referred to as “Boxxin Technology”), a port container logistics land transportation service platform, announced the completion of the A2 round of financing. The cumulative financing amount has exceeded 100 million yuan. This round of financing is exclusively invested by Hongtai Fund. It is reported that this round of financing is mainly used for scientific research investment, business expansion, and continuous system upgrade of the whole link of port container land transportation to explore more efficient service models.

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Box letter technology

Since its establishment in October 2015, Boxxin Technology has always focused on the land transportation business of port container logistics, and is committed to using Internet technology to break the barriers of the traditional mode of port logistics. Innovation and technical means continue to optimize inefficient links, create value and benefit upstream and downstream users.

Box Letter Technology is an innovative company that 36氪 has reported on many times, including the previous, May 2021, Mingyu Venture Capital’s 10 million US dollars A+ round investment, and China Merchants’ exclusive A round financing in October 2020, this time it won the Hongtai Fund again. A new round of investment has also attracted the attention of the industry in 2022 when capital is cautious.

According to reports, in the past year, despite the uncertainty brought about by the epidemic and the large fluctuations in the international shipping field, the total business volume of Boxxin Technology has maintained a substantial growth of more than double, and its high Growth and great potential are gaining attention from capital.

At the same time, the digital development model of domestic port logistics represented by Boxxin Technology, along with the increasingly mature applications of mobile Internet, artificial intelligence, big data technology, etc., will continue to expand its business in the future, through investment in products and data applications, Further optimize the online digital system covering the entire industry chain to achieve cost reduction and efficiency improvement and sound development in the logistics and transportation links.

“In recent years, the digital development of the global logistics and transportation industry chain has gradually accelerated, which also brings us new opportunities.” Yu Xiao, founder and CEO of Boxxin Technology, told 36氪: “Today, more and more orders are placed Development and transportation management are carried out through the network. Digital transformation is unstoppable, and it also drives changes in production methods, lifestyles and governance methods. Boxxin Technology continues to optimize logistics inefficient links through scientific innovation in transportation scheduling mode and data-driven algorithmic technology , to achieve network effect and scale effect, help the domestic container transportation business continue to grow, and realize the social value and economic value of the enterprise itself.”

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Box letter technology

Affected by major emergencies around the world such as the epidemic, in recent years, my country has undertaken more and more global processing and manufacturing tasks, which has also led to continuous busy domestic ports and two-way growth of imports and exports. According to Deputy Minister Zhao Chongjiu of the Ministry of Transport, in the first half of 2022, the waterways of key ports across the country will be smooth and efficient, with stable and orderly operation, and the main indicators will be stable and improving. As of June 24, my country’s key monitoring ports have completed cargo throughput of 5.56 billion tons and container throughput of 124 million TEUs this year, an increase of 0.9% and 2.3% year-on-year respectively. The port logistics throughput continued to grow.

According to reports, with the continuous recovery of the global economic environment in the future, the market expansion of the cross-border e-commerce industry, the transformation and upgrading of the industry and the emergence of emerging development models, the national port cargo throughput will maintain a rapid growth trend again, and the port container transportation industry will continue to grow. Unleash huge potential energy.

Based on Internet technology and combined with the artificial intelligence big data information center, Boxmail Technology has completed the rapid connection between the supply and demand sides, opened up the upstream and downstream information circulation problems, and realized intelligent scheduling, intelligent quotation, and intelligent services in the process of port container logistics and transportation. It is reported that Boxxin Technology has now achieved business coverage of key ports across the country, serving thousands of customers and over 10,000 platform drivers.

Box letter technology said that in the future, with the effective application of more advanced Internet technologies in the field of container logistics and transportation, it will fully realize the online management and control of port container transportation, scientific cost reduction, deep efficiency improvement and even green development. In the new track of container logistics and transportation in domestic ports, domestic logistics and transportation service companies such as Boxxin Technology are ushering in unprecedented development opportunities.

Zhu Zhu, a partner of Hongtai Fund, said: “We believe that the logistics in the future must be from digitalization to digital intelligence, to achieve comprehensive linkage between different enterprises in the entire industry chain, open up data, and make the overall end-to-end flow efficiency higher. In this process, enterprises should think about how to embrace this trend, use digital technology to design good products, improve customer experience, and create deep-level value for users, and Box Letter is a very good case we have seen. The core team of Box Letter continues to Focusing on the field of container logistics, it has strong R&D capabilities and business landing capabilities, and has achieved rapid business growth through its innovative transportation and scheduling models, digital platforms, etc., and we are optimistic about the future development of Box Mail.”

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