Brazilian Trucking startup CargoX raises $10 million in funding led by Goldman Sachs

Brazilian Trucking startup CargoX raises $10 million in funding led by Goldman SachsRecently, CargoX, a Brazilian trucking startup raised a hefty amount of $10 million in Series B round of funding led by Goldman Sachs along with the existing investors like Valor Capital Group, Agility Logistics, Lumia Capital and former DHL Express US CEO Hans Hickler and Oscar Salazar, co-founder of Uber. In addition to that, Hillel Moerman, co-head of Goldman Sachs Private Capital, joins CargoX’s board.

With this funding, the trucking startup, popularly known as ‘Uber for trucks’, will definitely witness a significant development in its technology and further transform the transportation scenario of Brazil, which is largely dependent on trucks.

Till now, the trucking startup has secured a total funding of $14 million and striving to revolutionize the trucking ecosystem of the country with the help of devoted professionals from Russia, Argentina, Brazil and the USA.

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