Scania Growth Capital invests in digital platform for construction logistics
1 MARCH 2022
Scania’s corporate venture capital fund announces investment of 5.5 MEUR in bex technologies GmbH to finance further growth of its digital platform supporting last mile construction logistics.
bex technologies GmbH provides a software platform that solves several pain points within the logistics vertical of last mile construction material which to a large extent is still relatively inefficient today. With a low or non-existing degree of digitalisation, the last mile logistic chain normally involves manual clarification of availability and price via phone and e-mail. This makes transparency difficult and it results is printed paper-based solutions by the external service providers that make the deliveries to the construction sites. With bex’s digital platform, the order process is automated online with a fixed price, the transport is delivered with live tracking, proactive communication and a digital delivery note.
“Digitalisation is one of the key drivers of change in the ecosystem of transport and logistics. bex has been able to successfully roll out its digital platform in several regions in Germany. This investment supports the bex team as they continue to grow the company in the construction vertical” says Daniel Riazzoli, investment manager for Scania Growth Capital.
“We see a great benefit from having Scania Growth Capital as investor and are pleased to welcome them on board to support us on our continuous growth journey. We will continue our path of expansion to major metropolitan areas in Germany and Europe, also we will build and grow our logistics network, services and software solutions for transportation management in the construction industry” says Lennart A. Paul, CEO, who co-founded bex in 2019 together with its CTO Johannes Keller.
About Scania Growth Capital
Scania Growth Capital is a corporate venture capital fund that invests in growth companies with strategic relevant to Scania and Scania’s ecosystem of customers and partners
The fund is managed by an external management company with a team that has extensive experience in both investments and the automotive and mobility industries. For more information, visit Scania Growth Capital.
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