ZIM Invests in Tracking Solutions Company Hoopo

© STOCKSTUDIO / Adobe Stock

© STOCKSTUDIO/ Adobe Stock

Israeli delivering firm ZIMIntegrated Shipping Services Ltd stated it has actually purchased Hoopo Systems Ltd., a carrier of tracking services for unpowered properties, as the company lays out to establish a first-of-its-kind monitoring option for completely dry containers.

New York- detailed ZIM introduced Friday that it spent $5.5 million in Hoopo, together with both existing and also brand-new monetary financiers as component of a lately finished Series A funding round.

Proceeds of this financial investment are meant to, to name a few, additionally establish Hoopo’s modern technology for the maritime sector, particularly completely dry containers, consisting of making use of solar power to power the monitoring gadgets, ZIM stated.

Eli Glickman, head of state and also chief executive officer of ZIM, stated, “In a time when the ability to improve supply chains has proven to be a critical competency, we are pleased to embark on this new digital initiative. There are approximately 26 million dry containers worldwide, and Hoopo’s cutting-edge tracking technology has the potential to revolutionize the way industry players track their movement, enabling further optimization of container fleets. We look forward to working with the team at Hoopo on the implantation of this first-of-its-kind solution in our dry container fleet as well as promoting its adoption across the industry.”

Ittay Hayut, CHIEF EXECUTIVE OFFICER of Hoopo, stated, “We are excited to form this partnership with one of the leading, and most innovative companies in the maritime industry. This huge vote of confidence from new and existing investors, together with Hoopo’s technology, and ZIM’s experience and knowledge, will allow us to transform dry containers into smart and digital fleets.”

Source of This New.