AirAsia’s Teleport co-invests in EasyParcel

AirAsia Group CEO Tan Sri Tony Fernandes: "And finally we will get into the money lending business."

KUALA LUMPUR: Teleport, the rebranded cargo and logistics platform of Airasia Group Bhd has co-invested equally with Gobi Partners, a venture capital firm of around RM43.8mil (US$10.6mil) in EasyParcel, a regional e-commerce and parcel delivery player, to scale online parcel delivery services. 

Teleport is a wholly owned subsidiary of AirAsia Group, formerly known as RedCargo Logistics. 

Low-cost carrier AirAsia Group Bhd group executive chief officer Tan Sri Tony Fernandes said the group is unlocking the potential it’s logistics business with the help of EasyParcel, which will use the Series B funding to grow its online parcel delivery services. 

“I have always believed AirAsia’s logistics business has a huge potential to be part of the social and e-commerce system. 

“This milestone reflects that Airasia is a truly digital company,” he added. 

Meanwhile, Teleport chief executive officer Pete Chareonwongsak said the partnership would transform the logistics and e-commerce platform especially for small and medium enterprises (SMEs) to “move items from A to B.”

“This investment will allows us to accelerate the accessibility of logistics for SMEs, while at the same time encourage more collaboration with the regions logistics startup community,” he added. 

Teleport’s logistics and infrastructure capabilities include more than 100 cities, 10,000 Airasia flights per week and more than 1mil tonnes of cargo capacity.