Chinese cloud transportation management platform oTMS completes series C1 financing
Platform has a userbase of more than 3,000 trucking companies
oTMS, a transport management platform in China, has completed its Series C1 strategic financing round from China Merchants Venture Capital Management Co., Ltd.
Established in 2013, oTMS is the creator of an SaaS-mode transportation management platform in China, aiming to connect manufacturers, carriers, drivers and consignees in a shared platform via the cloud.
oTMS integrates management and transactions, covering carrier procurement, management, payment and performance analysis.
As of 2018, the oTMS omni-channel transportation management platform (oneTMS) has a userbase of hundreds of shippers, more than 3,000 trucking companies, and over 200,000 drivers that have installed oTMS apps.
In 2017, oneTMS processed almost 60 million shipments, and in 2018 transactions exceeded 100 million shipments, worth over RMB 10 billion in freight cost.
In 2018, oTMS began to provide shippers Transportation Control Tower services, helping them to optimize the transportation chain and achieving sustainable cost reductions.
Established in 2015, China Merchants Venture Capital Management Co., Ltd (CMVC) is an investment entity responsible for strategic investments of China Merchants Group. It is headquartered in Shenzhen. CMVC manages RMB5 billion RMB, of which RMB2 billion is for investments in VC funds and RMB3 billion is for direct investments in startups in early to growth stages.