COCONUT SILO

What it does

"Coconut Silo is a pioneering deeptech startup in the mobility and supply chain industries, revolutionizing logistics with their innovative platform, COCO TRUCK. Originally established as Hyundai's in-house startup in April 2018 and successfully spun off in June 2020, Coconut Silo connects all players in the logistics market through their platform, enabling shippers to transport goods without owning trucks and helping carriers increase their orders by 37%. By offering a seamless solution for shippers and carriers to manage resources efficiently, Coconut Silo acts as the 'Uber for freights,' streamlining logistics operations in various countries. With branches in the US, Vietnam, China, and India, Coconut Silo is dedicated to solving logistics challenges for Korean manufacturers in Vietnam and expanding their services to Japan and other ASEAN countries. Recognized by the Korean Ministry of Science and ICT and the Korean Ministry of SMEs and Startups, Coconut Silo has established partnerships with industry giants like Hyundai, KIA, Mercedes-Benz, Daimler, and Fujitsu, solidifying their position as a key player in the logistics and mobility sectors."