Trucking logistics pioneer nicely forward of final yr’s fundraising tempo – with sights set on $5 million
— Rick Burnett, LaneAxis Founder & CEO
ORANGE COUNTY, CA, USA, March 31, 2021 /EINPresswire.com/ — Generally the sequel is best than the unique. So it’s with LaneAxis, Inc., which at the moment eclipsed the $1 million mark in its Regulation Crowdfund elevate (Reg. CF) on StartEngine. LaneAxis reached the $1 million milestone simply 16 days into its present marketing campaign. In 2020, LaneAxis raised $1.07 million (the utmost allowed on the time) in roughly three months. That marketing campaign closed out forward of schedule – with a whole bunch of hungry traders left on the waitlist.
“Final yr we launched our fundraising marketing campaign simply as the worldwide pandemic enveloped the globe,” says Rick Burnett, LaneAxis Founder & CEO. “On the time, we anticipated a difficult highway forward given the circumstances. However because it turned out, the circumstances that unfolded – notably the run on staples equivalent to rest room paper and cleansing merchandise – uncovered main fractures and flaws in freight transportation. The LaneAxis Direct Freight Community emerged as a game-changing answer that might dramatically assist mitigate such provide chain crises. As public consciousness of the LaneAxis answer grew, our momentum started to tackle a lifetime of its personal – and a yr later that momentum continues at full velocity.”
LaneAxis just isn’t solely benefiting from a quick begin in its present marketing campaign, but additionally from guidelines adjustments to Reg. CF raises that took impact March 15. Most notably, the SEC boosted the fundraising cap from $1.07 million to $5 million, and likewise elevated the quantity sure non-accredited traders can contribute.
Because the shut of its preliminary StartEngine marketing campaign, LaneAxis efficiently launched the Direct Freight Community, on-boarding a whole bunch of recent carriers who’ve been clamoring for a broker-free platform. Freight Brokers routinely devour wherever from 15 to 50% in commissions, cash that’s basically siphoned away from small “mother and pop” trucking firms – which characterize about 97% of the trade. LaneAxis is the primary “Brokerless” community within the U.S. freight sector, empowering shippers and carriers to attach and do enterprise immediately with one another.
LaneAxis has additionally stepped up its providing by integrating blockchain know-how powered by the AXIS token into its platform. All community and cargo information will likely be saved on a public/personal blockchain constructed on the Ethereum protocol. Amongst its quite a few advantages, the LaneAxis blockchain’s immutable ledger will guarantee complete transparency, information integrity, and end-to-end chain of custody. Synthetic Intelligence will quantify and course of this information for myriad makes use of for all trade gamers. Critically, AI may even make the most of the blockchain-stored information to search out out there capability when and the place shippers want it most – serving to eradicate 20 billion+ empty truck miles per yr. AXIS tokens will function API keys to entry the blockchain and the dear information contained therein.
“We’re clearly thrilled with the course and momentum we’ve reached at this stage,” added Burnett. “However the arduous work of constructing out the direct community and blockchain protocol continues. The groundswell of help we’ve acquired provides gas to our fireplace, and likewise accelerates the implementation and adoption of this lengthy overdue direct community.”
Go to www.startengine.com/laneaxis to study extra concerning the LaneAxis platform and Reg. CF marketing campaign.
Go to www.axistoken.io to study extra concerning the LaneAxis blockchain and AXIS Token protocol.
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