Lori Systems, a trucking logistics platform that is one of the fastest growing tech startups in Africa, has announced their expansion into Uganda, Rwanda and South Sudan.
The announcement comes on the heels of the group’s pitching at a startup event dubbed ‘TechCrunch Battlefield’ in San Francisco. Lori was named the overall winner of TechCrunch Battlefield Africa last year.
Lori Systems powers African logistics by providing supply chain management solutions to cargo owners, thereby ensuring flexibility, reliability and cost savings.
The firm’s expansion comes at a time when more than 40% of grains moving through Kenya to Uganda now move through Lori’s platform.
In addition to the expansion, Lori recently won multiple bids associated with the newly built $4 billion railroad system in East Africa, with the joint goal of driving down the costs of goods in the region and unlocking the region’s growth potential.
“We’re so excited to announce our working partnership with the Standard Gauge Rail in Kenya,” said Josh Sandler, CEO of Lori Systems.
“In our continued efforts to bring down the costs of goods, we have been rapidly ramping up our operations to tackle massive transportation issues. We’ve already had success in bringing down direct costs of moving bulk grains, achieving a 17% reduction in Uganda,” he added.
In addition to this, Lori’s recent partnership with Kuehne + Nagel – a global transport and logistics company based in Schindellegi, Switzerland – will allow them to extract greater insight from their logistics data and drive informed action through improved technology, analytics, and operations.
Lori is providing Kuehne + Nagel with a customized, flexible solution to meet their specific needs and increase asset utilization and customer satisfaction. Similar partnerships have recently been launched with logistics firms, DHL and Cargill.
To further reduce transportation costs and respond to increased demand, Lori has recently brought on top talent from across Africa. Jean-Claude Homawoo, a Harvard Business School alum, joins Lori as Chief Product Officer from Google where he was a Product Lead.
Lori also recently brought on Mehul Bhatt to run the East African region as it focuses on pan-Africa expansion. Bhatt is the former CEO of Maersk Tankers India and ran one of biggest clearing and forwarding agencies in East Africa.
“We’ve opened new locations in Uganda, South Sudan and Rwanda. Over the past year, we have grown rapidly – both in terms of throughput on the system as well as the team,” Sandler said.
“Our team has grown from 15 to 70 since February and adds experience from organizations such as McKinsey, DHL, and NASA. Lori is focused on hiring the best talent in order to execute on bringing down the costs of goods across the continent,” he concluded.