Competitor Trucker Path an app for truckers has raised more than Cargomatic. Around $20M Series A funding led by Wicklow Capital of Chicago and involving a partner, Chinese social media giant Renren.
This brings together truckers, freight brokers and logistic companies as well as serving B2B companies and the commercial freight transportation industry. The truck driver is given one place to conduct all the business by the marketplace. This company is not looking to become ‘Uber for Truckers’, what they want is a lot more.
Cargomatic focuses on local transportation while the competitor concentrates on large scale transportation (regional and long distance). Cargomatic uses small trucks and vans for transportation. Trucker Path claims to have nearly 300,000 users and 20% growth per month over the last 6 months.
This isn’t too far from Uber itself. It will be interesting to see where this is headed.
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