Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have formalized a pivotal agreement, signing a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of a substantial 26.79% stake in ‘Freight Tiger’ at a cost of Rs 150 Crores. Furthermore, the SSA allows Tata Motors the option to invest an additional Rs 100 Crores over the next two years, based on the prevailing market value.
Transforming Cargo Logistics with Freight Tiger
‘Freight Tiger’ is a cutting-edge digital platform that revolutionizes cargo logistics in India. It connects shippers, carriers, logistics service providers, and fleet owners within a unified digital marketplace. This platform simplifies the process of finding, booking, and managing freight, offering a range of Software as a Service (SaaS) solutions for digitizing and streamlining logistics interactions, including freight tracking, assignment, carrier matching, documentation, and payment processing. The platform successfully manages over 10 million trips annually and has significantly enhanced cargo movement efficiency over the past seven years.
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A Synergistic Partnership for Digital Logistics
Tata Motors has launched its connected vehicle platform, ‘Fleet Edge,’ designed to enhance fleet operations management. With its strategic investment in ‘Freight Tiger,’ Tata Motors is poised to accelerate its mission of improving effectiveness and efficiency in the truck and freight ecosystem. This strategic collaboration between ‘Fleet Edge’ and ‘Freight Tiger’ aims to create a comprehensive end-to-end digital ecosystem for the entire logistics value chain, revolutionizing both the truck and trip ecosystems. The result will be significant benefits for shippers, brokers, and transporters contributing to India’s logistics landscape.
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Closing the Deal and Vision for the Future
The completion of this transaction is subject to the fulfillment of customary condition precedents. Tata Motors’ Executive Director, Mr. Girish Wagh, emphasizes the company’s commitment to transforming the road logistics industry by bringing stakeholders together for improved road logistics efficiency. He envisions creating value for core customers, the fleet owners, and believes the partnership with ‘Freight Tiger’ will open new opportunities for growth and value creation.
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Revolutionizing Logistics Efficiency
Mr. Swapnil Shah, Founder & CEO of ‘Freight Tiger,’ underscores the power of software-led approaches to transform the logistics industry, building trust, and facilitating collaboration across the value chain. He expresses enthusiasm about Tata Motors’ strategic investment and its shared belief and vision to build a unified national platform at an unprecedented scale. With Tata Motors’ backing and expertise, ‘Freight Tiger’ is strategically positioned to lead India’s efforts in reducing logistics costs and enhancing efficiency.
