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The last-mile transportation sector addresses the final step of a journey, from a hub to a destination. China's Hello TransTech, a bike-sharing platform, is a major player with its $6 billion valuation.
The industry is not limited to personal mobility, as shown by logistics platforms like India's Porter, which is valued at $1.2 billion.
Below is the full list of 5 Last Mile Transportation unicorn startups at this time.
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Get the Sheet for $50Hello TransTech develops a massive network of smart-sharing bikes for short-distance travel across China. They are a major player in the country's last-mile transportation sector, providing app-based mobility solutions for urban commuters.
ofo developed a station-free bike-sharing platform that allowed users to find and unlock bikes through a mobile app. Their dockless system offered riders the flexibility to pick up and drop off bicycles anywhere in their city.
Veho created a technology-driven platform to reinvent last-mile delivery and returns for e-commerce companies. They connect brands with a network of drivers to offer premium services like next-day delivery and live tracking, giving customers a better post-purchase experience.
Porter runs a logistics marketplace that connects businesses with a network of drivers for on-demand, last-mile deliveries. Their platform helps companies streamline their supply chain by providing access to a wide range of vehicles for moving goods quickly and efficiently.
REEF transforms underutilized urban real estate, such as parking lots, into logistical hubs for on-demand services. Their network of neighborhood kitchens and micro-fulfillment centers helps businesses get closer to customers for faster last-mile delivery.
