# Mile Solutions FZ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mile-solutions-fz

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.milenow.com
- Latest round: Seed (Feb 18, 2019)
- Investors on record: 1

## About

Mile Solutions FZ LLC, based in the United Arab Emirates, specializes in advanced delivery management software, leveraging AI and Machine Learning to optimize logistics operations for various sectors.Founded in 2017 in Dubai, United Arab Emirates, Mile Solutions FZ LLC provides advanced logistics solutions. The company was co-founded by Fawad Mian and Shawar Javed. It has engaged in one significant deal, raising Seed funding in February 2019, led by Riyad Capital.Mile Now specializes in delivering advanced delivery management software powered by Artificial Intelligence and Machine Learning technologies. The core offerings include a robust platform that facilitates seamless logistics operations, focusing on optimizing complex multi pick-ups and drop-offs through an AI-driven Round Trip algorithm that considers vehicle load and route design for enhanced trip and fuel efficiency. Additionally, Mile Now provides solutions for reverse logistics, enabling eCommerce businesses to manage returns and exchanges effortlessly. Their warehouse module, integrated with a mobile app, allows for real-time stock monitoring and efficient pick and pack processes, ensuring chain of custody is maintained. The company primarily serves various sectors including retail, e-commerce, food delivery, and third-party logistics (3PL), with clients utilizing their services across multiple geographical markets, such as North America, Europe, and Asia.Mile Now's revenue structure is based on a combination of subscriptions and transaction-based models tailored to their diverse client base. The software is accessible through a white-labeled merchant portal and native applications, allowing users to manage onboarding, order pickups, and delivery schedules. Clients engage in transactions that include monthly subscription fees for access to the platform alongside transaction fees based on the volume of deliveries processed. The delivery management tools and warehouse solutions are offered under specific pricing plans that cater to the needs of various businesses, scaling according to their operational requirements. Flagship features, such as predictive dispatch and automated invoicing, enhance value for clients, ensuring timely service delivery and operational efficiency.Mile Solutions plans to leverage its recent Seed funding raised in February 2019 to expand its product offerings and geographic reach. The company is focused on developing new delivery management features to be released by the end of 2023. Additionally, it aims to penetrate new markets in Asia and Europe by mid-2024, enhancing its operational capabilities in these regions.

## Funding rounds

- Seed, Feb 18, 2019 — Riyad Capital

## Investors

- Riyad Capital (https://capitalatlas.ai/funds/riyad-capital) — Seed