Fleeting, a Black-Owned Commercial Trucking and Fleet Management Organization, Gets $500,000 Expense from NBA Star Kyrie Irving and New Fund Lockstep Ventures

ATLANTA, Could 10, 2021 /PRNewswire/ — Today, Fleeting, a Black-owned professional trucking and fleet administration services enterprise, is proud to announce that it been given a seed round financial investment of $500,000 from Kyrie Irving, NBA superstar and founder of new consulting company, KAI 11 Consulting, and Lockstep Ventures, the new venture fund launched by Michael Loeb, Bonin Bough, and Marcus Glover.

The joint expense from KAI 11 Consulting and Lockstep Ventures will aid Fleeting expand its social impression arm to incorporate selecting and teaching folks from marginalized communities, like ladies and these who ended up formerly incarcerated.

“I am thrilled to get this investment from KAI 11 Consulting and Lockstep Ventures to even further scale our business enterprise and empower all those from underserved communities. The trucking business is just one of the fastest-growing in the U.S. and I want to guarantee it delivers access to everybody who would like to be section of it. I intend to support those in the Fleeting spouse and children to come to be financially unbiased and even entrepreneurs on their own,” reported Pierre Laguerre, founder and CEO of Fleeting.

Later on this yr, Fleeting will offer a a few-month training application for previously incarcerated men and ladies to provide them with the applications desired to attain a business driver’s license after launched. By eradicating bias from its using the services of system, it gives all personnel equal access to monetary independence. Fleeting also delivers incentives for girls truckers and individuals with people by providing versatile hrs and entry to shorter journeys. 

In addition to its social influence, Fleeting is also addressing the lack of truck motorists. Many professionals think the trucking industry needs to employ the service of 900,000 extra motorists, particularly due to the fact 71 per cent of all freight in The usa is moved by truck. Fleeting is also leveraging the underutilized vans owned by 3rd functions to develop a nimble and conveniently deployable and scalable fleet, as properly as use know-how to match motorists and trucks to increase truck utilization and capture a considerable percentage of the $700 billion logistics industry.

About Fleeting: Fleeting is focused to bettering the lives of personnel within just the transportation logistics space. Our technique to fleet administration makes it possible for us to give unbiased truck homeowners and little carriers the resources and profitability at present obtainable only to substantial carriers and logistics firms, although simultaneously bettering the lives of and producing new chances for drivers. We’ve observed the evolution of the buyer transportation, home administration, and retail product or service industries. We are on a mission to translate these improvements into trucking to produce an ecosystem that encourages loyalty, upward mobility, and self-directed adaptable scheduling so that truck motorists can have higher handle over their high-quality of life. Fleeting will work as a house manager for professional transportation assets and finds best hundreds for the vans we control on our system and matches them with available and competent drivers to make certain most return for all parties associated. To master much more, stop by www.fleeting.us.

About Lockstep Ventures: Lockstep Ventures is a undertaking money firm in search of to address the issues that perpetuate racial inequality in the U.S., which is co-launched by serial entrepreneur and enterprise trader Michael Loeb, marketing and advertising guru and enterprise trader Bonin Bough, and legal justice advocate and venture investor Marcus Glover. The mission of the $25M fund is to do the job, inspire, and empower systematic change although also operating hand-in-hand with business people to offer profitable organization formulation to offer a wide variety of experience to assistance execute, pivot, and rapid-observe a start off-up’s expansion. Lockstep Ventures is committed to the expense philosophy of “Disparity to Prosperity” and targets corporations that tackle racial disparities in health, wealth, training, and justice/recidivism. For much more on Lockstep Ventures, please visit www.lockstepventures.com.

Media Call:
Lindsay Stevens
[email protected]
213-200-9638

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