Israeli startup Bringoz plans to revolutionize shipping

Amazon delivery, photo: Reuters
Amazon delivery, photo: Reuters

Bringoz will use algorithm and on-demand services to improve the efficiency of delivery services.

In the past few years, the shipping field has been undergoing a global revolution. Amazon, Uber and established delivery companies have been trying to cope with a massive amount of packages, with the use of relatively innovative technologies - from drones that could deliver milk to our back yard to autonomous cars that could make savings in human resources.

The Israeli startup Bringoz, which began operating in January 2016, attempts to use algorithmics to deliver packages quickly and efficiently. "We are a platform connecting shippers and couriers," says CEO Doron Bakchy. "How does it work today? Each shipping company brings its products to a warehouse and, from there, distributes them on set routes, on the same day or the next day."

Bakchy says that about 57% of the world's population currently lives in urban areas, which raises real estate prices. Shipping companies require huge hangars, which they tend to situate in relatively remote industrial areas. This choice presents an economic advantage (shipping companies pay lower rent in these areas) but causes delays in packages and makes the process inefficient.

"We work in the field of on demand (services), which is very trendy and very sexy. Take, for example, a situation in which a delivery in Tel Aviv costs 25 or 30 shekels. The driver has to come from Ramat HaChayal to southern Tel Aviv, which takes him about 45 minutes and makes this uneconomic. This is why taxi drivers do not carry out deliveries.

"We decided to think of the shared taxi format. Imagine that I could relate to my car according to its volume whether a bike, a motorcycle or a transporter. My assumption is that a shared taxi has a fixed route with the variant being the daily number of passengers. I do not know how many passengers will go in the car. This is what Via and uberPOOL are doing today.

"Another issue is that there are endless preconditions in the field of packages, including schedules. Packages must reach their destination between a certain hour and a certain hour and, on the way, you must take into account volume, urgency, the weather and more."

Bringoz was founded in 2015 by Bakchy, Eliav Oschry, German Balodis and Adar Tzror and has recently raised $1 million. The algorithm developed by the company calculates all factors (such as space in the vehicle and when should a certain package reach a specific destination) and offers a dynamic route. Unlike a shared taxi, which operates along a fixed route, Bringoz couriers receive up-to-date, real-time data and change their route during the day based on the constraints detailed above.

Bakchy says that company has received investments from both angel investors and international logistics companies. Bringoz chairman is Reuven Spiegel, former Discount Bank CEO. The company's client list includes Max Brenner, Zer4u, FedEx and more.

Published by Globes [online], Israel business news - www.globes-online.com - on July 17, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Amazon delivery, photo: Reuters
Amazon delivery, photo: Reuters
David Amsalem  credit  Noam Moskowitz, Knesset Spokesperson's Office Rafael to pay state NIS 444m dividend

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company.

Barak MX air defense system  credit: IAI IAI profit jumps 55%

Israel Aerospace Industries posted a net profit of $493 million for 2024, and ended the year with an all-time high orders backlog of $25 billion.

A TSG system in tactical use  credit: PR TSG signs cooperation agreement with US defense co

The agreement includes the integration of TSG's advanced technologies into sensor-based defense systems, which will be integrated into the operational systems of US defense units.

Bria CEO Yair Adato credit: Kseniia Poliak Israeli visual generative AI co Bria raises $40m

Bria’s Visual Generative AI platform empowers businesses to create predictable, controllable, and on-brand content that aligns with their visual language.

Amnon Shashua and Aviram Ziv credit: Eyal Izhar OrCam stymied by investor dispute with Shashua

Demands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.

Work on the Green Line credit: Bar Lavi Egged wins tender to operate TA light rail Purple, Green Lines

NTA awarded the tender to Egged, which already operates the Red Line, despite government ministry opposition to one operator for the entire network.

Gabi Seroussi illustration: Gil Gibli Board chooses Seroussi as IAI chair as Erdan freezes candidacy

Israel Aerospace Industries board chose Gabi Seroussi as chair even though he did not to go through the preliminary process of the Government Companies Authority appointments review committee.

Bavli Park penthouse credit: Eyal Tagar Tel Aviv Park Bavli penthouse sells for NIS 43m

A 44th floor penthouse in one of the two towers in businessman Yitzhak Tshuva's Park Bavli project has been bought by an Israeli businessperson.

El Al aircraft  credit: Yoav Yaari El Al pilots receive nearly NIS 250,000 bonus each

Thanks to the agreements signed with the unions in 2018, El Al's employees as well as senior management share in last year's success.

Pentera CEO Amitai Ratzon credit: Eyal Izhar Israeli security validation co Pentera raises $60m

Pentera's platform enables security teams to analyze complete attack paths, identify root causes, and prioritize remediation for effective risk reduction.

Tel Aviv credit: Shutterstock Supply of unsold new homes hits record

Israel's real estate market is sliding into recession with 78,000 unsold new apartments in January, the Central Bureau of Statistics reports.

D&B chairman Doron Cohen and Meitar partner Dan Geva Meitar reclaims title of Israel's biggest law firm

Meitar has first place with 537 lawyers, followed by Herzog Fox Neeman with 512 lawyers, according to the latest Dun's 100 rankings.

First International Bank of Israel CEO Eli Cohen  credit: Eyal Toueg First Int'l posts top return on equity

First International Bank of Israel's return on equity in 2024 was 19%, the highest among Israel's banks.

Dina Ben Tal Ganancia  credit: Guy Kushi & Yariv Fein El Al almost quintuples profit

The airline posted a net profit of $545 million for 2024, 4.7 times the profit in 2023, and an all-time high.

Gev Hadari credit: Nati Hortig Sompo Israel appoints Gev Hadari as cybersecurity head

Hadari's expertise spans penetration testing, including Red Team operations, web applications, mobile applications, OT/IOT products, and both external and internal assessments.

Attack drones credit: Shutterstock IDF issues tender for 5,000 Israeli-made attack drones

Critics of the tender say the number being procured is insufficient and thewre are security concerns about Chinese components.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018