Biila accelerates its growth with a €3.5 million equity investment from Voland Partners
Voland Partners makes a €3.5 million investment in Biila Solutions, a Finnish company that is revolutionizing car logistics. With this investment, the company will continue the technological development of its platform services and accelerate its internationalization.
"Covid was the turning point of growth for us in Finland. At the same time, however, it messed up our first attempt to expand into the Swedish market. Now the time was right for us to bring in an investor partner who brings us insight and experience in technology development, scaling and internationalization," says Aapeli Kallunki, the founder and CEO of Biila Solutions.
Optimizing the needs of the different stakeholders in the platform through machine learning and AI applications offers significant potential and competitive advantage.
"Biila's innovative platform solution will revolutionize car logistics and at the same time bring benefits to both the environment and society. The solution allows customers to get faster, more punctual and more comprehensive service while avoiding unnecessary and polluting journeys," says Jyrki Laune, founding partner of Voland Partners.
Biila Solutions aims to triple its turnover to €30 million by 2025.
"The company has tremendous potential for scaling outside Finland. In addition, Biila's ambitious entrepreneurial culture, ability to grow profitably and good people management resonate with Voland Partners' values," Laune continues.
Platform brings the needs together
Biila uses machine learning and artificial intelligence to optimize the logistics demand and supply of car transport capacity in the car trade with unprecedented efficiency.
The platform optimizes the routes and chains the drives. This also helps to combine mobility needs. Optimizing relocations saves unnecessary mileage and saves the environment.
The core idea of the platform is to combine two mobility needs: the need for people to move from one place to another and the need for car dealerships to relocate cars. Currently, car relocations are mainly done by truck or train.