SET invests in sustainable delivery service Trunkrs
AMSTERDAM & UTRECHT, THE NETHERLANDS – October 27, 2020 – Trunkrs, specialist in Same Day and Next Day delivery, successfully secured € 2.2 million in a new round of funding, led by SET Ventures and with participation from Ponooc. This investment enables the company to take the next steps in making the delivery process more sustainable and expanding internationally. The investment is in addition to the € 3.5 million of funding the company raised with Amsterdams Klimaat & Energiefonds (AKEF) and Ponooc late 2019.
Trunkrs is conquering the Dutch market for Same Day and Next Day parcel deliveries at a rapid pace, offering their premium service to online stores as well their end-customers. Not only does the company offer fast and reliable deliveries, it also made it their mission to make parcel delivery sustainable.
Julia Padberg, Principal at SET Ventures: “Jan and his team bring together the worlds of e-commerce, logistics, and IT, and they anticipate the growing market trend towards electrification of transport. For these reasons, I foresee tremendous further growth for Trunkrs, and the company can take an interesting position in linking mobility to the energy system of the future.”
Jan Wijn, CEO of Trunks: “With the growth of the e-commerce market comes an increase in the number of logistic activities, with all its consequences for the environment. We are convinced that parcel delivery can be more customer-friendly, more sustainable, and smarter. We are proud to be partnering with SET Ventures, Ponooc and AKEF. Now it is time to take the next steps in making our delivery service more sustainable.”
100% zero emission delivery
With the proceeds of this investment, Trunkrs will further solidify and expand its unique position in the Dutch Same Day and Next Day delivery market and expand internationally. With 99% of on-time deliveries and by far the highest Trustpilot score of all Dutch delivery service providers, Trunkrs stands out on speed, customer experience, reliability, and sustainability objectives. The company strives to deliver parcels 100% emission free by 2022. This is enabled by the innovative software platform that provides detailed insights of the full delivery chain to all involved players and unlocks optimal dynamic planning of parcel deliveries. Trunkrs also benefits from a smart ‘asset light’ business model that is responsive to demand fluctuations by quickly scaling up or down a flexible pool of delivery partners. Thanks to Trunkrs, existing vehicles drive 30% more kilometres, making electric models financially attractive to replace existing models.
Wijn adds: “SET Ventures has proven expertise in scaling technology companies internationally and has an extensive network in the electric vehicle charging market. Ponooc has a broad network in sustainable mobility. Their experience and expertise will undoubtedly help us in accelerating our growth and electrification ambitions.”
Existing shareholder Ponooc also participated in this round. Max van Zoest: “In the delivery market, speed, customer focus, reliability, and increasingly sustainability are the foundations for success. Trunkrs has a proven track record in the first three fields and will evolve as a pioneer in sustainable delivery with the investments from AKEF and SET Ventures. We also see promising collaborations between Trunkrs and other Ponooc ventures, such as Dockr.”
ABOUT SET VENTURES
Since 2007, Amsterdam-based SET Ventures has invested in European technology companies that impact the future of the energy system. SET Ventures focuses broadly on innovative energy generation, energy distribution and storage and energy efficiency. SET Fund III provides early growth-stage capital to ventures that shape the energy system transition through smart software and services-based business models.
Trunkrs is a delivery service provider. With Trunkrs, the founders want to make parcel delivery more sustainable and customer-friendly in the Netherlands. They noticed there was little attention for the end-customer’s needs in the delivery process, whilst the delivery is a defining moment in the customer journey of online shopping. They also noticed that personnel working at online stores increasingly endured night work as a result of the growing demand for Next Day delivery. Trunkrs solved this problem by picking up parcels the morning after the order is placed, so orders can be picked in the morning instead of at night. Trunkrs made delivery faster and more flexible, reliable, customer-friendly and sustainable, addressing the obstacles and issues faced by hundreds of online stores and thousands of consumers. The company has grown significantly since its foundation in 2015, with growth totalling 500% in 2019 and continued steep growth in 2020. Next year, Trunkrs will continue this growth in the Netherlands and beyond.
Ponooc is the venture capital fund of the Pon family. Ponooc invests in European start-ups focused on sustainable mobility and energy since 2014 and is renowned for investments in companies such as Swapfiets, Tranzer, and Check. For more information, visit www.ponooc.vc.
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