Coconut Silo Co., Ltd. (CEO Kim Seung-Yong) participated in SLUSH 2022, an event for startups held in Helsinki, Finland from November 17 (Thursday) to 18 (Friday), where the company showcased its digital logistic platform, COCOTRUCK.

Coconut Silo, which started out as an in-house startup of the Hyundai Motor Group, is an AI deep-tech startup that provides innovative solutions to various problems in the market, including the logistics and trucking industries. The company has been acclaimed for its outstanding technology and profitability and won the Minister Award from the Ministry of SMEs and Startups, the Ministry of Science and ICT, and the Ministry of Trade, Industry, and Energy, the Bronze Award at the Edison Awards, and the Gold Prize at the Geneva International Exhibition of Inventions.

In addition, the startup has been recognized for its design competitiveness, receiving the iF Design Award as well as the RedDOT Design Award. It is also stepping up ESG management by obtaining green technology and B Corp certification and was named a Best For The World 2022 company by B Lab.

COCOTRUCK by Coconut Silo provides services for three types of users: it has an app for shippers, an SaaS for transportation companies, and an app for truck drivers. Shippers can conveniently register freight using the app for shippers by simply entering their transportation information. Transportation companies can use the SaaS to visualize the transportation process, thereby systematically and effortlessly managing otherwise inefficient work processes.

Moreover, truck drivers can use the app for truck drivers to manage transportation history, assign vehicles, and accept freight, as well as use electronic signatures and calculate driving routes to complete more deliveries.

According to Coconut Silo, COCOTRUCK’s biggest competitive edge is that it connects all players in the logistics market, allowing them to request and receive freight transportation service quickly and easily. Its big data-based automatic pricing, dynamic route optimization algorithm, and real-time location-based smart tracking system can help improve the quality of logistics.

SLUSH is a renowned Northern European global startup exhibition, first held in 2008, where startups from all around the world meet major investors in Europe and Finland. The companies participating in SLUSH 2022 took part in promoting their companies by running the K-STARTUP Pavilion, the side event “K-STARTUP Demo Day,” and networking with professional investors using a matchmaking tool.

[Helsinki, Finland=AVING & Lecafedugeek Special Report Team – Joseph Choe, Dongkwan Kim, Mokkyung Lee, Leo Thevenet]