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Fleetune webpage screenshot Fleetune Inc., a South Korean transportation management service (TMS) platform-developing startup, is gearing up for a big leap next year with relentless upgrades to its TMS platform to attract more customers at home and abroad, said its chief. “We expect to pass the breakeven point early next year,” Kim Jiseong, chief executive officer of Fleetune, said in an interview with the Korea Economic Daily last month. “And then our revenue for 2025 is expected to jump 10-fold from this year.” Founded in May 2022, Fleetune officially launched its transportation management service platform, Fleetune TMS, in August 2023. The service started with a route planning and optimization service for parcel delivery and shuttle bus services and was later upgraded with new features such as the Driver App navigation service for drivers, as well as Fleetune Coming, a service allowing its clients to track drivers and delivery status in real time. Fleetune users can now track the driving records of each driver on the platform, which can be used to pay drivers for vehicle operation costs such as toll fees and petrol charges. Fleetune CEO Kim Jiseong (Courtesy of Fleetune) “Every time we meet clients, they always have new demands,” said Kim. “This has led to constantly evolving our service ... We update the program at least once or twice a week to cater to these new demands.” MOBILITY-AS-A-SERVICE Fleetune TMS is a mobility-as-a-service offered under different subscription plans for different logistics services. Powered by machine learning, it recommends the best-optimized route for multiple destinations to ensure the most efficient way of dispatching drivers, delivering parcels and transporting people in a limited time. Drivers can access Fleetune’s optimized navigation service via the Driver App, where they can also find important information regarding delivery orders and share delivery status updates in real time. Fleetune TMS' distinguishing feature is a time constraint function, which helps shippers reduce the number of cars they use, meaning less cost, said the Fleetune founder. “Our route optimization can reduce car operation costs by as much as 40% per order,” said Kim. Fleetune’s strength also comes from its developers’ capabilities to provide tailor-made TMS services for different clients, said Kim. The company’s engineers develop proprietary algorithms. Founder and CEO Kim also develops them thanks to his 20-some years of software engineering experience at Hyundai Motor Group-backed autonomous driving technology startup 42dot Inc. and other tech companies developing set-top boxes, satellites and games. (Courtesy of Fleetune) “We are capable of a full stack development from algorithms to backend, frontend and apps,” said Kim. The startup relies on a local navigation developer, INAVI Systems Corp., for real-time road information and map services in Korea, he added. HYUNDAI TO KYOCHON AND HOME TO OVERSEAS Fleetune's clients include Korean construction company Hyundai Engineering’s shuttle bus operation unit, Korea’s car-sharing platform pioneer SoCar and companies in the food and beverage sector, as well as the fashion industry. Korean fried chicken franchise giant Kyochon recently signed a contract to use Fleetune TMS to deliver ingredients to about 1,300 Kyochon franchises across Korea. Fleetune plans to venture into other logistics sectors such as medicine delivery, said Kim. The Korean TMS market has great growth potential, said Kim, adding that its target clients are shippers who want to save logistics costs in various sectors. Fleetune TMS has steadily attracted new clients even without active outbound marketing, the CEO said. The company, however, plans to launch more active outbound marketing next year to beef up sales by 10-fold next year from this year. Screenshot captured from Fleetune website GOING ABROAD The Korean startup also plans to launch active marketing in Australia early next year, probably in January, Kim said. “Our algorithm can be applied to any type of map or navigation services regardless of country,” said Kim. “We could launch our service in Spain in two weeks. We just need to add a new target language.” Earlier this year, Fleetune was selected as one of 20 Korean startups to receive support from Asan Voyager, a program designed to assist Korean startups entering the US by providing acceleration, coaching, community learning and long-term residency support. The company raised 100 million won ($68,000) in a seed funding round in 2022 and then 500 million won from TIPS for R&D for two years and an additional 200 million won later. However, it has no plan to kick off a pre-A Series funding round any time soon, Kim said. “For the future generation, I hope our company can contribute to society by addressing social and environmental problems with our service designed to help reduce the unnecessary operation of cars on roads,” said Kim. Write to Sookyung Seo at skseo@hankyung.com Jennifer Nicholson-Breen edited this article.Jimmy Carter, 100, gained Nebraska admirers during and after his presidencyAstros think Yankees have offered 'crap' for All-Star trade target: report
Social Don't miss out on the headlines from Social. Followed categories will be added to My News. Meta, the company that owns Facebook and Instagram, has donated $1 million to an inauguration fund for President-elect Donald Trump — a perhaps surprising move given the pair’s rocky past. The tech giant’s billionaire CEO, Mark Zuckerberg, dined with the president-elect at his Mar-a-Lago resort in November, as he tried to patch up relationship with the 78-year-old following the election. The Republican previously was highly critical of Mr Zuckerberg and Facebook – calling the platform “anti-Trump” in 2017. It is understood Meta didn’t make similar donations to President Joe Biden’s inaugural fund in 2020 or to Trump’s previous inaugural fund in 2016. The company confirmed its million-dollar donation to the inaugural fund to US media on Wednesday. While it sounds like a lot of money to the everyman, $1 million is pocket change for Mr Zuckerberg who is worth $214 billion personally and whose company Meta is worth $1.59 trillion. Facebook CEO Mark Zuckerberg. Picture: AFP MORE: Ivanka reveals ‘hurtful toll’ behind Trump snub Inauguration funds are used to pay for events and activities when a new president takes office — although many see them as attempts to win influence with the new administration. Mr Trump will be sworn in as the 47th US president on 20 January. A rocky past It has been far from smooth sailing between Mr Trump and Mr Zuckerberg in recent years. Things went even further south when Facebook and Instagram suspended the former president’s accounts in 2021, after they said he praised those engaged in violence at the Capitol riot on 6 January. Since then, Mr Trump has slammed Meta – calling Facebook an “enemy of the people” in March. He also said this year that a law banning TikTok in the US would unfairly benefit Facebook. In August, Mr Zuckerberg told Republican politicians in a letter that he regretted bowing to pressure from the Biden administration to “censor” some Facebook and Instagram content during the coronavirus pandemic. Mr Trump will be sworn in next month. Mr Trump wrote in a book published in September that Mr Zuckerberg would “spend the rest of his life in prison” if he tried to intervene in the 2024 election. But the president-elect appears to have changed his tune in recent months. He told a podcast in October it was “nice” Mr Zuckerberg was “staying out of the election”, and thanked him for a personal phone call after he faced an assassination attempt. However, there’s a clear favourite for Mr Trump when it comes to tech billionaires — with Elon Musk positioning himself as the president-elect’s ‘first buddy’ because of his extensive donations to his election campaign. The bromance was so strong, it led to Mr Musk being placed in charge of a new Department of Government Efficiency (Doge). So if Mr Zuckerberg is trying to impress he might have to dig a little deeper into those pockets. More Coverage Dad, stepmum did unimaginable to girl, 10 Ed Southgate – The Sun TV legend’s bizarre porn mag collection Annette Sharp Originally published as Zuckerberg’s surprising $1m Trump move Read related topics: Donald Trump More related stories Technology How Labor will punish tech giants who don’t pay up The federal government has unveiled its proposal to force tech giants to pay for Australian journalism or risk harsh penalties. See how it affects you. Read more Social ‘Sl*t’: Moment teen model unleashed on mum Court documents reveal what went on at a ritzy Sydney apartment that saw Paris Ow-Yang charged with assault. Read more
Divine Bourrage Grade: Senior School: Davenport North Notes: Bourrage, the reigning Iowa Gatorade Player of the Year, ranked second in the MAC scoring (19.8 ppg) and first in rebounds (9.3) and assists (5.6) last season. ... Has 1,042 points and 533 rebounds for her career. ... Signed with LSU earlier this month. Journey Houston Grade: Senior School: Davenport North Notes: Enters the season with 1,229 points and 603 rebounds. ... Missed the last eight games last season because of a knee injury. Shot 63.8% last season. ... Averaged 18.6 points, 8.4 rebounds, 4.8 assists and 4.6 steals per game as a junior. ... Signed with Iowa earlier this month. People are also reading... Alyvia McCorkle Grade: Junior School: Bettendorf Notes: McCorkle, who played at Davenport North as a freshman, ranked fifth in the MAC in scoring last season at 15.9 points per game. ... The 5-foot-8 guard also accounted for 3.1 rebounds, 2.1 assists and 3.5 steals per game. ... Has D-I college offers from Ball State and Buffalo. Reagan Pagniano, 5-6, Sr. Year: Senior School: Pleasant Valley Notes: 5-6 guard was second in assists per game last season (5.0) behind only North’s Divine Bourrage. ... Scored 12.5 points per game and added 3.6 steals per contest. Career totals: 793 points, 263 assists, 255 steals. ... Signed with D-III Wartburg. Lauren Walker Grade: Senior School: Central DeWitt Notes: Led the MAC in scoring (21 ppg) and ranked fourth in 4A last season. ... Also averaged 5.8 rebounds, 2.3 assists and 2.7 steals per game as a junior. ... Has 1,008 career points. ... Signed with D-II Lewis University of the Great Lakes Valley Conference. Get in the game with our Prep Sports Newsletter Sent weekly directly to your inbox! Sports Editor {{description}} Email notifications are only sent once a day, and only if there are new matching items.