forscratch| Seize the North American tail-haul distribution market, UniUni raises US$70 million to innovate logistics model

UniUni successfully completed round C financing of US $50 millionForscratchCommitted to building a logistics platform for North American tail-end distribution

UniUni announced today that it has successfully completed a $50 million round of financing, led by global venture capital firm DCM. In December, the company also received a $20 million round of B2 financing led by Celtic House Venture Partners. So far, UniUni has raised more than $70 million in just four months.

UniUni plans to use the funds to further develop proprietary technology, expand the network of sorting centers, and transform the B2C final distribution model. Previously, the company has delivered tens of millions of parcels annually in Canada and has more than 50 high-capacity sorting centers in North America, serving head e-commerce platforms such as Amazon and Ebay and local enterprises.

UniUni founder and CEO Peter Lu said that the company will continue to expand the North American tail distribution logistics market. According to the Pitney Bowes parcel shipping index, the number of parcels shipped in the United States reached 21.2 billion in 2022, equivalent to 674 parcels per second, or 58 million per day. Parcel revenue is as high as $198 billion.

Meanwhile, according to the U.S. Census Bureau, annual e-commerce sales in 2023 are estimated at 1.Forscratch.1 trillion US dollars, an increase of 7 percent over 2022Forscratch.6%, while total retail sales in 2023 increased by only 2.1% over 2022. E-commerce sales account for 15.4% of total sales, compared with 14.7% in 2022.

Under the huge scale of the logistics market, UniUni aims at the pain point of the final distribution logistics and adopts the new mode of "crowdsourcing logistics" of "Internet + Logistics" to enter the market. Through high-tech, light assets, light staff way to reduce delivery costs, quickly form a large-scale advantage, and rely on a large number of data to establish a perfect SOP and data system, superimposed robot (300024) sorting technology-based super sorting center, in turn fully spread out in the key areas of North America.

Zeng Zhenyu (Ramon Zeng), managing partner of DCM, saidForscratchThey are pleased to support the development of UniUni in North America, which is expected to break the traditional monopoly and improve the overall operation of the industry by providing customers with better, reliable and cost-effective logistics services through model and technological innovation.

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