* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Inside Haul247: The Nigerian logistics startup offering “Airbnb for trucks”

June 20, 2023
in Technology
Share on FacebookShare on Twitter

Haul247, a Nigerian end-to-end logistics platform connecting businesses to haulage and warehousing assets, is reimagining the logistics space through its Airbnb-for-trucks model. Here’s how the startup is paving its own way in the logistics space.

“247” is a popular slang that means constant availability of a thing throughout the entire day, all seven days of the week. In the context of business, It emphasizes the idea of unceasing efficiency, productivity and effectiveness. These are some of the qualities that Haul247 prides itself in, according to Sehinde Afolayan, the CEO of the logistics startup. “For logistics, generally, there is no idle time,” he says. During a conversation with TechCabal, Afolayan shares the inside story of Haul247—which he believes has the potential to become the Nigerian equivalent of Airbnb for trucks—and what makes them stand out from established players in the field like Lori and Kobo360.

In the past few years, the Nigerian logistics startup ecosystem has grown tremendously, with the advent of food delivery startups like Jumiafoods and last-mile delivery services like Gokada as well as end-to-end logistics platforms like Lori, Kobo360 and now Haul247. These startups are breaking the barriers of inadequate road networks, traffic congestion, and limited warehousing facilities and making logistics more seamless for businesses.

Haul247 offers large companies the opportunity to book trucks and warehouses for their logistics needs across multiple Nigerian geolocations. According to Haul247’s CEO, they chose to work with large FMCG multinationals such as Unilever, PZ, etc due to their possession of a global vendor registration licence, which allows Haul247 to not only capture a huge market share in Nigeria but to also establish a presence in other countries. However, Haul247 has plans to make its services available to smaller businesses in the future.

According to Afolayan, Haul247’s secondary distribution feature—a warehousing offering for businesses—sets it apart from pioneers like Lori and Kobo360. Many FMCG manufacturers in Nigeria primarily operate from a single manufacturing hub, with a significant portion of their production activities concentrated in Lagos. From there, their products are distributed to various cities throughout Nigeria. But to Afolayan and Haul247, this system is flawed.

“We felt that kind of arrangement was not efficient because there were a lot of externalities as a result of the distance. Unilever, for example, is sending a product from Agbara to Maiduguri—more than 1000km distance—and they can’t possibly guarantee the actual time that the product will get there because there are a lot of externalities as a result of the distance. Why can’t we just manage all your distribution centers in all these regions and all you have to do is ship to the distribution centers in those regions?” Afolayan said, explaining Haul247’s solution to this issue. Haul247 acts as an intermediary between different warehouse owners across the country and companies looking to store and distribute their products.

As an intermediary, Haul247 does not own any warehouses or trucks. “We don’t own anything, we just ensure that the supply and demand are efficient,” Afolayan told TechCabal. “Companies just have to request for a truck or a warehouse via our website, give its specifications; area, location, size, and then we pick it up from there.”

Haul247’s proprietary software enables individuals, enterprises, manufacturers, and FMCGs to book logistics or warehousing services. The software takes an order request from a shipper, attaches a quote, and then matches the request with the most suitable truck and warehouse for efficient fulfillment. Additionally, the system allows shippers to track the status of their goods until they reach their destination.

Generating revenue and expansion plans

Haul247 generates revenue through the commission they earn from leasing out warehouses to companies. Per a statement seen by TechCabal, Haul247 has over 1,000 trucks on its platform and about 200 warehouses covering over 151,000 square meters of space across various locations in Nigeria.

Buoyed by a recent $3 million seed round—a mix of equity financing from Alitheia Capital through its Umunthu Fund in partnership with Goodwell and a $ 1 million debt capital—Afolayan told TechCabal that Haul247 is looking to scale and is setting its sights on expansion into Ghana and Uganda. “We want to grow in a sustainable way,” said Afolayan, remarking that they have learned valuable lessons from pioneers in the space. “We are really very concerned about growth that cannot be sustained, we want to grow at a level that can be sustained while giving a very strong service to our customers,” he said. “We don’t want to grow in a way that we are not now focusing on the unit economics or on the value that we’re creating.”

Challenges abound but Haul247 is optimistic for the future

According to Afolayan, lack of talent has been the greatest challenge for the logistics startup. “Talent is the biggest threat to us, especially tech talents. It is always very tough to get them, you have to be mindful of keeping them,” he said. Afolayan also cites the irregularities of some stakeholders—such as truck drivers and warehouse owners—within the logistics ecosystem as a huge barrier to Haul247’s operations. “We have experienced multiple pushbacks from truck drivers- who are a moving part of Haul247’s business model,” he said. “Some of these drivers do not keep up to appointment and  usually disappoint.”

To curb this challenge, Afolayan says Haul247 organises sensitization programmes to teach warehouse owners how to make the best use of their warehouses. Haul247 also incentivizes drivers, organises regular phone call checkups, and imposes a driving time limit to ensure driver safety.

Despite challenges and a market dominated by powerful competitors, Haul247 is optimistic for the future. “Expect a unicorn in the coming years,” the Haul247 CEO remarked. “Expect a company that is genuinely run by seasoned entrepreneurs that understand how to run a business. We are not going to be all over the place in terms of growth pattern, we will be steady and we will keep growing.”

What do you think about our stories? Tell us how you feel by taking this quick 3-minute survey.

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/06/19/inside-haul247-the-nigerian-logistics-startup-offering-airbnb-for-trucks/

Tags: “NigerianInsidetechnology
Previous Post

Nigerian fintech, Glade, loses $214,000 to internal hack

Next Post

The strange saga of Hvaldimir the ‘Russian spy whale’

Ecology issues $738K penalty against downtown Walla Walla Chevron owner – Union-Bulletin

Ecology issues $738K penalty against downtown Walla Walla Chevron owner – Union-Bulletin

September 6, 2025
What the science says about acetaminophen, pregnant mothers and autism – NBC News

What the science says about acetaminophen, pregnant mothers and autism – NBC News

September 6, 2025
RFK Jr accused of ‘reckless disregard for science and the truth’ in Senate hearing – The Guardian

RFK Jr. Faces Fierce Backlash for ‘Reckless Disregard for Science and Truth’ in Heated Senate Hearing

September 6, 2025
Start The Go-Go Years Today: Ignite Your Early Retirement Lifestyle – Forbes

Start The Go-Go Years Today: Ignite Your Early Retirement Lifestyle – Forbes

September 6, 2025
When Sports Teach More Than Skills – American Enterprise Institute

When Sports Teach More Than Skills – American Enterprise Institute

September 6, 2025
Abby Dow and England near record territory as Australia search for upset – The Guardian

Abby Dow and England Close in on Record as Australia Hunts for an Upset

September 6, 2025
America is getting the economy we voted for – Noah Smith | Substack

America Is Finally Experiencing the Economy We Created

September 6, 2025
Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

September 6, 2025
HHS responds to report about autism and acetaminophen : Shots – Health News – NPR

HHS Addresses New Findings on Autism and Acetaminophen Use

September 6, 2025
September 2, 2025: Trump administration news – CNN

September 2, 2025: Trump administration news – CNN

September 6, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (810)
  • Economy (828)
  • Entertainment (21,705)
  • General (16,889)
  • Health (9,869)
  • Lifestyle (841)
  • News (22,149)
  • People (830)
  • Politics (835)
  • Science (16,039)
  • Sports (21,327)
  • Technology (15,808)
  • World (809)

Recent News

Ecology issues $738K penalty against downtown Walla Walla Chevron owner – Union-Bulletin

Ecology issues $738K penalty against downtown Walla Walla Chevron owner – Union-Bulletin

September 6, 2025
What the science says about acetaminophen, pregnant mothers and autism – NBC News

What the science says about acetaminophen, pregnant mothers and autism – NBC News

September 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version