Newmo Funding, Investors & Competitors

Ryde Group Ltd operates a technology platform that provides a range of ride-hailing, carpooling and delivery focused offerings in Singapore. The company operates in twos segments namely Mobility provides on-demand and scheduled carpooling and ride-hailing services, matching riders to its driver partners; and Quick Commerce provides on-demand, scheduled, and multi-stop parcel delivery services.

Gatik is an autonomous trucking company deploying driverless light and medium-duty vehicles for middle-mile logistics in B2B routes. Mountain View-headquartered and founded in 2017, Gatik partners with Walmart and Kroger for produce deliveries in California and Arkansas, utilizing Level 4 autonomy on predefined paths.

Glydways is a California-based mobility company developing personal rapid transit systems with autonomous Glydcars on dedicated guideways. Providing on-demand, direct rides without traffic delays, its network targets campuses, airports, and urban corridors with lower construction and operational costs than traditional rail.

San Diego-based Platform Science is an IoT fleet management platform launched in 2015 for connected trucks and supply chains. Its Virtual Vehicle platform integrates telematics hardware from Qualcomm and Ford, enabling over-the-air updates and app marketplaces. The company equips fleets from operators like Schneider National across North America.

Dassault Systèmes is a leading provider of computer-assisted design and product lifecycle management software, serving customers like Boeing and Volkswagen throughout the production process. The company’s flagship product, Catia, primarily serves the transportation, industrial equipment, and aerospace and defense industries. In life sciences, Dassault’s Medidata cloud platform optimizes clinical trial efficiency and is the leader in electronic data capture.

Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit and conducts business in the fields of semiconductors, automobiles, new energy, marine, and industrial operations. The Company operates in the domestic market and overseas markets.

WiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech’s core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise’s main competition consists of inhouse software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech’s current and future products.

Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.

Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

Flexport is a San Francisco-headquartered global logistics company that combines licensed freight forwarding and customs brokerage with a software platform for quoting, booking and tracking ocean, air and truck shipments. It was founded in 2013 by Ryan Petersen and serves importers, e-commerce merchants and consumer brands, earning revenue mainly from freight forwarding, customs and fulfillment services. Revenue grew from $224.8 million in 2017 and $471 million in 2018 to $3.2 billion in 2021, when it moved nearly $19 billion of merchandise across 112 countries for more than 10,000 clients with almost 2,700 employees. Revenue fell to about $2.1 billion in 2024 as freight rates normalised, and the company had about 2,100 employees in 2025. Flexport raised more than $2 billion from investors including Founders Fund, DST Global, SoftBank Vision Fund, Andreessen Horowitz and MSD Partners, reaching an $8 billion valuation in its February 2022 Series E. In 2023 it took over Shopify's logistics business in exchange for a 13% equity stake, bought the assets of the defunct freight network Convoy, and in January 2024 raised a further $260 million from Shopify through an uncapped convertible note.

EquipmentShare.com Inc is a vertically integrated platform that combines proprietary technology, a connected equipment fleet, and a nationwide footprint to serve the construction industry. The company operates its business through the following reportable segments: Equipment Rental and Services Operations, comprised of recurring activity performed at full-service branch locations, such as equipment rentals and related services, and sales of parts, supplies, and maintenance services to construction contractors and others. Equipment Sales, sales of new or used equipment made at any of the branch locations and dealership sites, including equipment sales to participants in the OWN Program.

Kpler is a London-headquartered data and analytics platform launched in 2014, tracking commodities transportation including LNG, crude oil, dry bulk, freight, and inventories across 40 markets. With over 500 employees globally, it expanded through acquisitions of ClipperData in 2021, JBC Energy and Core-e in 2022, and MarineTraffic with FleetMon in 2023, serving traders, producers, and governments.

Delhivery Ltd is engaged in providing a full range of logistics services, including delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation and assembly services, and fraud detection. It has one segment, which is Logistics Services. The company generates the majority of its revenue from India.

Uber Freight is a San Francisco-headquartered digital freight brokerage founded in 2017 that matches shippers with carriers through its app and TMS platform. It handles full truckload shipments across the US, offering transparent pricing, instant booking, and ELD-compliant tracking. Uber Freight serves clients like Tyson Foods and Nestle, managing $5 billion in annual freight volume with 100,000-plus carriers. The company expanded into Mexico in 2022 with cross-border services.

Motive is a fleet operations platform headquartered in San Francisco with global reach. The company equips businesses with AI dashcams, GPS tracking, ELDs, and analytics for driver safety and compliance in trucking, field services, and construction. Serving 7 million drivers, Motive automates coaching for behaviors like harsh braking, integrates maintenance workflows, and provides spend controls, boosting efficiency for enterprises like Uber Freight partners.

Air Space Intelligence is a London-headquartered aerospace software firm delivering airspace management tools to airlines and air navigation service providers. The company supplies AirHub platform for remote tower operations used by NATS in the UK and DFS in Germany. Founded in 2018, it processes radar and ADS-B data for conflict detection across Europe.