After two years of beta testing, Naurt goes public with fresh funding to help delivery drivers
The global ‘last mile’ food and package delivery industry is worth almost US$ 990b and is facing immense pressures to manage costs and cope with demand.
Helping them deliver non their promise and create operational efficiencies, geo-location start-up Naurt recently announced the public launch of their software which is set to redefine the delivery ecosystem.
Having successfully completed over 80 pilots with a range of organisations, Naurt is launching with a £300,000 funding from venture builder Founder + Lighting to propel its ambitious scale-up plans, according to a press communiqué.
Laser focus
The Naurt platform is laser focussed on fixing the biggest issue facing delivery drivers: the arduous task of finding the best parking spot and the correct building entrance. By showcasing the optimal locations, Naurt guarantees quicker deliveries, ensuring parcels never get lost or delayed.
This innovation not only enhances delivery capacity by 5% to 15%, but it also significantly impacts delivery companies’ gross profit margins by minimising the key industry “stop cost” metric. This measures the number of deliveries made per shift divided by the length of time it has taken the driver to complete.
GPS tracking accuracy
Founded in 2020, Naurt has been on a mission to refine GPS tracking accuracy. “Naurt has unlocked this opportunity for businesses, with the delivery sector being our initial focus. It has become clear that accurate location tracking alone is not sufficient in this fast-paced industry, there is a desperate need for location intelligence in every delivery,” stated Jack Maddalena, CEO, Naurt.
“We are confident that Naurt has a globally unrivalled location-tracking solution. Last-mile delivery problems are costing businesses millions each year and Naurt will help slash these inefficiencies,” added Conor Moylan, Chief Investment Officer, Founder + Lightning.
