Ontruck is a digital road freight platform offering low‑carbon solutions for commercial transportation. It combines data, artificial intelligence and technology to reduce transportation costs for shippers, increase earnings for carriers and remove emissions from empty trucks. The company partners with large European customers including Auchan, Pepsico, P&G, CHEP and Decathlon. Led by CEO and co‑founder Iñigo Juantegui, Ontruck operates in Madrid, Barcelona, London, Paris and Amsterdam. The company raised €17M and intends to use the funds to accelerate development of its transport network and technology. It plans to develop, implement and scale innovative low‑carbon solutions in commercial transportation. OnTruck operates a haulage technology platform that automates matching of loads to trucks and offers real-time GPS tracking of shipments. Its algorithms aim to dispatch work to cut down on empty journeys, addressing an industry problem the company cites as over 40% of kilometers driven empty. The platform connects shippers with a network of over 2,200 lorry drivers operating in Spain and the U.K., and serves clients including Procter & Gamble, Decathlon, and more than 400 mid-sized companies. Founded in 2016 and based in Madrid, OnTruck targets regional and short-haul road freight where inefficiencies are greatest. The company positions its service as providing steadier, priced work for many owner-operator drivers while lowering supply-chain costs for shippers. New funding is intended to consolidate its positions in Spain and the U.K. and to expand into more of Europe, likely including France and Germany. OnTruck operates an online platform that optimizes road freight by enabling near‑real‑time bookings. The service increases truck fill rates and aims to reduce costs, fuel consumption and emissions through better load matching. Philippe Sauquet of Total highlighted the company’s ability to book loads almost in real time versus competitors that take hours. With newly attracted resources, OnTruck plans to recruit staff, improve its load‑grouping algorithms and expand its European network. The company was founded in Madrid in 2016 by Iñigo Juantegui. In May 2017 it raised $10 million in a round led by Atomico and Idinvest. Ontruck offers an on-demand logistics platform that connects shippers with road freight carriers, providing instant pricing, precise pick-up slots, shipment traceability, and driver/fleet apps for job acceptance. Its algorithm provides real-time pricing and the company assumes some pricing risk to ensure competitiveness and utilisation. Ontruck digitises booking, payment and tracing while building routing and capacity-optimisation tools for carriers. The platform aims to reduce empty return journeys and improve asset utilisation, with attendant environmental benefits. It currently operates in Spain and is testing other European markets, including the U.K., with ambitions to be a pan-European leader. OnTruck provides a freight delivery platform that lets companies quickly receive prices, book immediate shipments and track deliveries with 24/7 support. The service connects shippers to a network of carriers available 24 hours, offering real-time pricing and tracking. For carriers, OnTruck offers a mobile app listing pending jobs with task descriptions, management tools and payment handling. The company raised €2M in funding and intends to use the proceeds to continue expanding operations. OnTruck was co-founded by Iñigo Juantegui, Antonio Lu and Gonzalo Parejo Navajas and is based in Madrid, Spain. No operating metrics (revenue/users) are disclosed in the article.

Total raised

$61M

Funding rounds

5

Latest round

Equity

Latest activity

Jun 2020