Agility Ventures has invested in Zevo, a sustainable supply chain and cold storage platform in Vietnam, aiming to enhance last mile delivery solutions in the rapidly growing e-commerce sector.

Information on the Target

The target of the investment is Zevo, a comprehensive supply chain and cold storage platform that has recently received funding from Agility Ventures. Zevo is renowned for its commitment to sustainability, utilizing innovative electric vehicles and end-to-end supply chain solutions. This positions it strategically within Vietnam's rapidly growing e-commerce sector, particularly in the last mile delivery segment, which faces various challenges but also significant opportunities.

Last mile delivery (LMD) is crucial in shaping customer impressions and optimizing operational efficiencies in logistics. It accounts for an estimated 28% of total shipping costs in Vietnam, rising steeply to 53% for on-demand deliveries. As online shopping burgeons, understanding and enhancing last mile logistics is essential for companies to meet consumer demands swiftly and efficiently.

Industry Overview in Vietnam

The e-commerce industry in Vietnam has witnessed explosive growth, with projections indicating that it may surpass other Southeast Asian countries such as Singapore and Indonesia. The market value reached approximately $13 billion in 2021, reflecting a $5 billion increase co