Lori

Lori

Transportation, Logistics, Supply Chain and Storage

Nairobi, Nairobi 14,096 followers

Powering African Logistics

About us

Lori is a venture-backed start-up building the cutting-edge logistics infrastructure for trucking in Africa. The start-up is tackling a massive issue - $180 billion is spent annually on haulage across Africa, which means that up to 75% of a product’s cost is due to logistics (compared to 6% in the US). Lori’s tech-enabled and operations-driven marketplace efficiently connects transport to cargo. The supply chain management system brings transparency and has pushed significantly improved flexibility, reliability, and cost savings (savings upwards of 18%). The company has experienced 30% month-over-month compounded growth since product launch in May 2017. The market demand for Lori’s platform is increasing exponentially. To continue this pace of growth, Lori recently closed a landmark raise from globally leading institutional and strategic investors. The company won Techcrunch Battlefield Africa.

Industry
Transportation, Logistics, Supply Chain and Storage
Company size
51-200 employees
Headquarters
Nairobi, Nairobi
Type
Privately Held
Founded
2016

Locations

Employees at Lori

Updates

  • View organization page for Lori, graphic

    14,096 followers

    Every milestone we achieve, every job we create, and every impact we make is thanks to YOU—our valued customers. From moving goods across borders to connecting farms, ports, and markets, you are the driving force behind everything we do. Your partnership allows us to go beyond simply transporting cargo. Together, we create opportunities, providing jobs not just for transporters but for countless others throughout the supply chain. Together, we are shaping economies and touching lives across the region, both directly and indirectly. This Customer Service Week, we raise a toast to you for inspiring us to go #AboveandBeyond Thank you for pushing us to keep building a more connected and prosperous Africa. 

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  • View organization page for Lori, graphic

    14,096 followers

    Our Co-Founder and CEO, Jean-Claude Homawoo, is attending #ClimateWeek in New York City this week, where conversations about our planet's future are at the forefront.Transportation accounts for 24% of Africa's greenhouse gas emissions, and 12% of those emissions are from heavy-duty trucks. The key to both our mission of lowering the cost of goods on the continent AND reducing CO2 emissions lies in trip optimization and reducing empty miles by ensuring transporters have paid loads in both directions. Our simple but effective strategy has already resulted in 9,000 tons of CO2 emissions avoided, contributing to a more sustainable future. It’s a start but there’s a lot more work to be done, and infinite opportunities to achieve meaningful cost and carbon reduction, and we're committed to exploring new, innovative ways to reduce emissions across the logistics industry. Stay tuned as we continue to develop and roll out more green logistics solutions in the very near future 😉!

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Similar pages

Funding

Lori 7 total rounds

Last Round

Debt financing

US$ 2.0M

See more info on crunchbase