The transportation and logistics sectors are facing many challenges in the years ahead. From dealing with congestion in bigger cities to tackling pollution and increasing transportation costs, the industry is constantly looking to make more efficient use of resources.
In the Czech Republic, there are a growing number of startups working to solve different problems in the area. Several companies in that space were included in the Technology Fast 50 Ranking by Deloitte, which acknowledges public or private technology companies based on their percentage revenue growth.
The ranking considers companies in the CEE region and they were selected by their revenue growth over the four years from 2018 to 2021.
Based on this list, we’ve selected four logistics and transport tech startups from the Czech Republic that we believe are bringing innovative solutions to different aspects of transportation and logistics, while also keeping great growth rates and potential.
Top 4 Transport Tech Startups in Czech Republic
Name: DriveTo
Founders: František Peterka
Established in: 2017
Growth rate: 2131%
The company provides flexible operational car leasing with a fully online process, requiring the customer to show up in person only when it is time to pick up their car. Their options include hybrid and conventional cars from different price ranges all offered from their fleet.
Flexible leasing is becoming more popular as it provides greater cost-efficiency, and control over vehicle fleet management. This type of leasing is often more cost-effective and convenient than traditional long-term leasing or purchasing the vehicle.
DriveTo registered a growth rate of 2131% according to the report. After having a record year in 2021, the company entered last year in a very strong position. Another contributing factor is that the company benefits from growth in sectors such as food delivery and personal transportation, as it allows couriers and drivers to negotiate short-term contracts.
Name: HoppyGo
Founders: Škoda Auto DigiLabs and Leo Express
Established in: 2017
Growth rate: 2099% (2018 – 2021)
HoppyGo offers a car-sharing service that allows customers to lend and rent cars on their platform. Their solution connects people who have a car but don’t use it very often with people who want to rent it.
As consumers are looking toward increased convenience and accessibility, the car-sharing market size is expected to grow from USD 85.8 billion in 2021 to USD 185.1 billion by 2026.
The company, which was born out of the merger of SmileCar (from Leo Express) and HoppyGo (from Škoda Auto DigiLabs), had a growth rate of 2099%. In the year 2021, it also managed to turn a profit, after seeing a rebound after the pandemic.
With operations in the Czech Republic, Slovakia, and Poland, the company is well-placed to further expand in 2023.
Name: SkladOn
Founders: Konstantin Margaretis, Patrik Babinec, Miloš Halecký
Established in: 2015
Growth rate: 1484%
One of the biggest challenges facing e-commerce companies is the need to manage and fulfill a varying volume of orders. SkladOn manages its customers’ warehousing and logistics processes, including real-time order tracking and stock management.
Customers are increasingly more demanding when it comes to delivery times and options so companies need to be able to offer fast and reliable shipping. By outsourcing this process, companies can benefit from reduced warehouse costs, fleet management, and stock keeping.
Having a growth rate of 1484% it will benefit even more from the rise in online shopping, even taking into account post-pandemic adjustments. One of the main trends that are expected to continue is the increase in online shopping for everyday goods and essentials. Consumers have discovered the convenience of online shopping during the pandemic and this trend will benefit large, medium, and small-sized businesses, which can all leverage online channels to reach new customers.
Name: DoDo
Founders: Michal Menšik
Established in: 2015
Growth rate: 1034%
DoDo specializes in last-mile delivery, using their own logistics system to manage the routes and improve the efficiency of their fleet. The company currently operates in 7 countries including Germany, Bulgaria, and Austria.
Last-mile delivery refers to the final leg of the delivery journey, from a transportation hub or distribution center to the end customer. It is a critical and often challenging aspect of the logistics and supply chain process, as it can significantly impact customer satisfaction and the overall efficiency of the delivery system.
According to the Deloitte report, the company had a growth rate of 1034%. In 2022, the company received a Series B investment of €60M, to further expand its services. By focusing on B2B clients in e-commerce, retail, or fast food, the company is in a good position to ride the wave of different segments, while expanding its service offerings.
