Company summary
Coconut Silo is a Hyundai Motor Group spin-off startup company that specializes in AI deep technology. Through a digital platform – COCOTRUCK, we formed an ultimate cargo transportation solution that connects cargo owners, logistics companies, and truck drivers in one place. Our purpose is to optimize the logistics value chain for a wide range of businesses via a SaaS ecosystem.
Over 1200 orders are completed each month by not just Vietnamese but also foreign logistics firms at a CAGR of 250% for the forecast of 2022-2025, Coconut Silo expected to provide services to 75 – 100 businesses annually through COCOTRUCK solutions in the next 03 years. We also expect an increase in brand identity throughout the southern provinces and cities of Vietnam.
To race with market demand, our big picture is aiming to expand globally across ASEAN and Mercosur countries.