Car­gox and Zeleros Hyper­loop win IRU World Congress startup com­pe­ti­tion


Six fi­nal­ists had the op­por­tu­nity to face the judges in Oman dur­ing the IRU World Congress this week, cul­mi­nat­ing in a live pitch­ing ses­sion dur­ing the fi­nal ple­nary, when the jury awarded the $100,000 direct in­vest­ment prize to Car­gox and Zeleros Hyper­loop.

The Startup com­pe­ti­tion is aimed at mo­bil­ity, trans­port and lo­gis­tics star­tups, en­cour­ag­ing in­no­va­tion and en­trepreneur­ship. IRU and Road Ven­tures SA chose the six fi­nal­ists for the most promis­ing in­no­va­tions in the road trans­port in­dus­try; to­day’s de­ci­sion was made by judges Pa­trice Crisinel from Road Ven­tures and James Min­ers from Fon­git.

Boris Blanche, Man­ag­ing Di­rec­tor of IRU, said, “Both Car­gox and Zeleros stood out for their com­bi­na­tion of vi­a­bil­ity and in­ven­tion. Th­ese are two con­cepts which truly break the mould, while of­fer­ing tan­gi­ble busi­ness propo­si­tions. We wish both busi­nesses every suc­cess for the fu­ture.”

Pa­trice Crisiniel Road Ven­tures Man­ag­ing Di­rec­tor, said, “This has been a tough de­ci­sion for the jury as we had six strong fi­nal­ists. But we are de­lighted to be able to se­lect two win­ners to­day.

Car­gox and Zeleros are both great ex­am­ples of the ways in which tech­nol­ogy can be used to drive im­prove­ments and ef­fi­ciency within the trans­port and lo­gis­tics in­dus­try.”

Car­gox is the first ever blockchain­based plat­form for the Bill of Lad­ing. Tra­di­tion­ally, Bill of Lad­ing trans­ac­tions have been done via couri­ers, of­ten mak­ing it a slow, ex­pen­sive process, with a height­ened risk of loss. Cargo X’s tech­nol­ogy cir­cum­vents the need for phys­i­cal trans­ac­tions, us­ing a blockchain plat­form for a 100 per cent se­cure trans­fer of doc­u­ments, taking place in sec­onds and re­duc­ing costs by up to 85 per cent. Founded by CEO Ste­fan Kuk­man in 2017, Car­gox is based in Ljubljana, Slove­nia.

Car­gox COO Igor Jakomin com­mented, “Win­ning at such a pres­ti­gious event is fore­most a great hon­our, but also a strong con­fir­ma­tion that our Car­gox plat­form with Blockchain Doc­u­ment Trans­ac­tion Sys­tem tech­nol­ogy truly mat­ters for busi­ness! This con­firms that we are solv­ing a prob­lem for com­pa­nies in the ship­ping and cargo in­dus­try as a whole and that we are do­ing it the right — in a flex­i­ble, neu­tral, open way.”

Founded by CEO David Pis­toni Perez, Zeleros’s am­bi­tion is to use hyper­loop tech­nol­ogy to change the way hu­man­ity moves and con­nect the world at high speeds — en­abling longdis­tance travel at +1,000 km/h. With a fo­cus first on cargo, then pas­sen­ger trans­port, what makes Zeleros unique is that all the tech­nol­ogy sits in­side the ve­hi­cle and not the in­fra­struc­ture. The com­pany’s main lev­i­ta­tion and propul­sion tech­nolo­gies in their fully au­ton­o­mous ve­hi­cles re­duce in­fra­struc­ture com­plex­ity and lower con­struc­tion and main­te­nance costs.

David Pis­toni added, “We are de­lighted to be here in Oman and we are keen to con­nect with part­ners to col­lab­o­rate with us — to make hyper­loop a re­al­ity.”

Car­gox, Kido Dy­nam­ics, Low­bus, Meep, Safedrive­pod and Zeleros Hyper­loop were the shortlisted star­tups.

Safedrive­pod of­fers a com­plete so­lu­tion to fight smart­phone dis­trac­tion in traf­fic.

Car­gox is the in­de­pen­dent sup­plier of blockchain-based Smart Bill of Lad­ing (Smart B/L™) so­lu­tion.

Low­bus is a bus com­pany which owns no buses, of­fer­ing lower prices and more con­trol to travel agen­cies.

Zeleros hyper­loop is de­vel­op­ing a scal­able trans­port sys­tem to move pas­sen­ger and cargo at 1,000 km/h with re­duced in­fra­struc­ture cost.

Kydo Dy­nam­ics of­fers mo­bil­ity an­a­lyt­ics based on the prin­ci­pals of par­ti­cle physics us­ing mo­bile data as a source.

Meep is a mo­bil­ity app through which users can search, re­serve and pay for trips within a sin­gle trans­ac­tion

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.