![]() The fund aims to promote initiatives that are part of Morocco’s development strategy, namely: the Industrial Acceleration Plan, the Green Morocco Plan, and the Morocco Digital Plan. The startup also provides live updates of the cargo’s journey.Īzur Innovation Fund is a public-private seed fund that aims to finance the capital of innovative startups in Morocco. In fact, not only is the platform servicing loaders and transporters, but also it allows their partners to access opportunities to increase their activities while decreasing the time of delivery. Cloud Fret wants to fully digitise this process in order to optimise transportation costs while reducing the environmental impact of cargo trucks using an ethical and sustainable model. Its aim is to optimise the transport of trucks with the help of artificial intelligence which can track the movement of empty cargo trucks and orient them to cargo which needs to be transported. Its platform connects loaders and transporters as it aims to eliminate empty returns of trucks between the two ends of the Mediterranean. It is the fund’s second investment following that of Epicerie Verte.Ĭloud Fret is a transport and logistics startup founded in 2020. The fund aims to promote initiatives that are part of Morocco’s development strategy.Īzur Innovation Fund has invested $390,000 (MAD3.5 million) in Cloud Fret. ![]() It eliminates empty returns of trucks between the two ends of the Mediterranean by using artificial intelligence technology to detect empty cargo trucks and orient them to cargo which needs to be transported.Īzur Innovation Fund is a public-private seed fund that aims to finance the capital of innovative startups in Morocco. Morocco-based logistics startup Cloud Fret has received MAD3.5 million ($390,000) from Azur Innovation Fund, marking the fund’s second investment following its investment in Epicerie Verte.įounded in 2020 by Driss Jabar, Cloud Fret is a transport and logistics startup that connects loaders and transporters.
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