The logistics sector is attracting significant investment, with companies around the world finding new ways to move goods. Hong Kong's Lalamove leads with a $10B valuation, while San Francisco based Flexport has secured $2.7B in funding.
The list also includes services like Zipline, which uses drones for medical deliveries and is valued at $4.2B.
Below is the full list of 50 Logistics unicorn startups at this time.
Top 10 Most Valuable Logistics Unicorns
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Get the Sheet for $50Lalamove operates an on-demand logistics platform for fast, same-day deliveries. Their app connects individuals and businesses with a wide network of drivers to transport goods of any size.
| Valuation | $10B |
| Headquarters | Hong Kong, Hong Kong Island, Hong Kong |
| Year Founded | 2013 |
| Founders | Chow Shing Yuk, Gary Hui, Santit Jirawongkraisorn |
| Funding Amount | $2.5B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | HSG, Vitruvian Partners, Shunwei Capital, Eastern Bell Capital, Hillhouse Investment |
Flexport built a full-service logistics platform that uses modern software to simplify the user experience in global trade. Their technology provides a single dashboard for businesses to track shipments, manage customs, and handle financing, giving them greater control over their supply chains.
| Valuation | $8B (Joined April 2018) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | David Petersen, Ryan Petersen |
| Funding Amount | $2.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | BoxGroup, Founders Fund, FPV Ventures, Y Combinator, Andreessen Horowitz |
Zipline designs and operates an autonomous drone delivery system for instant logistics. They are best known for transporting vital medical products, including blood and vaccines, to health facilities.
| Valuation | $4.2B (Joined May 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2011 |
| Founders | James Knight, Keenan Wyrobek, Keller Rinaudo Cliffton, Will Hetzler |
| Funding Amount | $821M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | TPG, Techstars, Sequoia Capital, Andreessen Horowitz, Temasek Holdings |
Motive builds a fleet management and driver safety platform to improve the productivity and profitability of commercial operations. Their system uses AI-powered tools, including smart dashcams and vehicle tracking, to help businesses run safer and more efficient fleets.
| Valuation | $3B (Joined April 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | Obaid Khan, Ryan Johns, Shoaib Makani |
| Funding Amount | $717.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Insight Partners, Kleiner Perkins, Index Ventures, IVP, BlackRock |
Uber Freight connects shippers with carriers through its digital freight marketplace. Their platform streamlines the entire shipping process with tools for instant booking, transparent pricing, and real-time tracking.
| Valuation | $3B |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2017 |
| Founders | Bill Driegert, Brian Cristol, Charlie Bergevin, John Stauffer, Lior Ron |
| Funding Amount | $1.1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Greenbriar Equity Group, D1 Capital Partners, GCM Grosvenor, Abu Dhabi Growth Fund |
Hive Box builds and operates a network of self-service smart lockers for package drop-offs and pickups. They are known for providing a secure and convenient last-mile delivery solution for e-commerce customers and logistics companies.
| Valuation | $3B (Joined January 2018) |
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2015 |
| Founders | Wei Wang, Yubin Xu |
| Funding Amount | $1.1B |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | CDH Investments, Eastern Bell Capital, HSG, Trustbridge Partners, All-Stars Investment |
Jusda provides end-to-end supply chain management solutions for businesses, with a specialization in the electronics sector. Their platform helps companies orchestrate complex logistics, covering everything from procurement and manufacturing to final distribution.
| Valuation | $3B |
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥2.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series A |
| Top Investors | Oriza Holdings, China Life Insurance, TI Capital, IDG Capital, CICC |
Didi Freight builds a logistics service for affordable and insured intra-city freight shipping. They focus on making it easy for businesses and individuals to move goods across town without the high costs or risks of uninsured transport.
| Valuation | $3B |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2020 |
| Founders | Will Wei Cheng |
| Funding Amount | $1.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series A |
| Top Investors | VMS Asset Management, Didi, Hidden Hill Capital, IDG Capital, Temasek Holdings |
Forto builds a digital platform for freight forwarding that helps companies manage their global supply chains. Their technology gives businesses more visibility and control over their shipments, from quoting and booking to transport analytics.
| Valuation | $2.1B (Joined June 2021) |
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2016 |
| Founders | Erik Muttersbach, Fabian Heilemann, Ferry Heilemann, Michael Wax |
| Funding Amount | $593.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | G Squared, Global Founders Capital, Northzone, Cherry Ventures, IRIS |
Rapido builds a ride-hailing platform for booking bike taxis, autos, and cabs. They're known for pioneering the bike taxi model in India, offering a fast and cost-effective option for navigating city traffic.
| Valuation | $2B (Joined July 2024) |
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2015 |
| Founders | Aravind Sanka, Pavan Guntupalli, Rishikesh SR |
| Funding Amount | $825.4M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Shunwei Capital, Prosus Ventures, Swiggy, Yamaha, Nexus Venture Partners |
The Remaining 40 Logistics Unicorns
The ten most valuable companies represent only a small part of the growing logistics scene. While the United States is home to many of these startups, strong groups of founders are also emerging in China and India.
Some are newer to the billion-dollar valuation, while others are rapidly expanding their operations. Here’s a look at the other logistics unicorns shaping the industry.