For a sum of Rs 150 crore, Tata Motors purchased a 26.79% share in Freight Commerce Solutions Private Ltd (Freight Tiger).
The securities subscription agreement (SSA) also contains a clause that allows Tata Motors to make an additional investment of Rs 100 crore over the following two years at the current market value. A digital platform called “Freight Tiger” offers complete logistics value chain solutions for the transportation of freight throughout the nation.
The platform links shippers, carriers, logistics service providers, and fleet owners to a single digital marketplace, making it simple to find, book, and manage freight. TML said the platform also offers a variety of Software as a Service (SaaS) solutions to digitize and streamline logistics interactions, including freight tracking, assignment, carrier matching, documentation, and payment processing.
Over the previous 7 years, the platform has successfully integrated and fixed inefficiencies in freight transfers, facilitating more than 10 million journeys on an annualized basis. For helping with fleet operations management, Tata Motors has already unveiled their linked vehicle platform, called “Fleet Edge.”