202303 May

Coldspace Raises US$3.8M in Seed Funding

Summary

It also provides cold fulfillment solutions designed to enable quick commerce services, through a hub-and-spoke model that ensures rapid delivery of temperature-sensitive products. Coldspace is currently operating in the Greater Jakarta Region (Jabodetabek), Surabaya, Malang, Bali, and Medan, with plans to expand throughout the country. The company operates cold storage facilities strategically located near Jakarta’s main port and airport to facilitate the handling of temperature-sensitive items as they enter the country. As of April 2023, Coldspace manages 3,000 tons of cold storage capacity and 20 reefer trucks, while its marketplace features 30,000 tons of cold storage capacity and 100 reefer trucks operated by Coldspace partners. Coldspace works with importers, exporters, distributors, food & beverage producers, logistics companies, and other businesses.

Source: Finsmes

Funding

$3.8M
Amount
May 03 2023
Date
-
Investor
-
Company

Classifications

Companies