Date
18 October 2017
GoGoVan has a fleet of 18,000 vans to choose from. The online call service is looking to expand to other markets in the region. Photo: Facebook
GoGoVan has a fleet of 18,000 vans to choose from. The online call service is looking to expand to other markets in the region. Photo: Facebook

HK van hailing app wins financial backers

So much for taxi hailing apps.

In Hong Kong, the hottest online call service will get you a van and there’s a fleet of 18,000 to choose from.

The nascent business, called GoGoVan, is the brainchild of three thirtysomethings and one of the latest developments to come out of Cyberport, Hong Kong’s high-tech corridor.

The company has received more than US$10 million in start-up funding from investors, including a combined US$6.5 milion from Centurion Public Equity and an unnamed Singaporean entrepreneur, Ming Pao Daily reported Tuesday.

The money will be mainly used to expand into commercial markets and hire employees including programmers and business development managers.

GoGoVan employs 30 full-time workers and is looking to lure engineers with salaries 10-20 percent higher than the market rate, the report said.

Co-founder Steven Lam said the company entered Singapore in June and signed up 2,000 van drivers. It is planning to expand into other markets in the region.

Since its launch last year, GoGoVan has processed more than one million orders worth more than HK$120 million (US$15.48 million), Lam said.

Recently, it has been handling 300,000 orders a month.

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TL/AC/RA

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