Adiona
Sustainable cities and communities.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
$250k | Grant | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 313 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Adiona operates as a software-as-a-service (SaaS) provider in the logistics and supply chain technology sector, focusing on last-mile delivery optimization. Founded in 2017 by CEO Richard Savoie, an engineer with a background in sustainability, the Sydney-based company aims to enhance operational efficiency and reduce the environmental impact of delivery fleets. Savoie, a patent-holding executive, established Adiona to address logistics bottlenecks and promote the adoption of sustainable transport modes.
The company's core offering is the FlexOps product suite, an AI-powered platform that provides solutions for route optimization, fleet simulation, and emissions tracking. This technology processes diverse and even imperfect operational data to generate a "digital twin" of a client's logistics operations, allowing for the simulation of hundreds of scenarios. These scenarios can range from optimizing daily routes and planning for fleet electrification to strategizing the placement of depots and micro-fulfillment centers. The platform's machine learning algorithms analyze historical data to identify opportunities for improvement in processes, costs, and delivery capacity. Adiona serves large enterprises with mobile workforces, including notable clients like Coca-Cola, Pepsi, and Australia Post's StarTrack Courier.
Adiona's business model is usage-based, charging clients a small fee for each location visited using its API, rather than a traditional license or seat-based subscription. This structure is designed to scale with the client's business operations. The company has participated in several accelerator programs, including those run by URBAN-X, PepsiCo, and KPMG, and has received backing from investors such as Telstra and Third Sphere. Adiona has gained recognition through various awards, including winning the Startup World Cup Sydney and being named a finalist in the Financial Review AI awards for Sustainability.
Keywords: logistics optimization, last-mile delivery, route planning, fleet management software, supply chain technology, AI in logistics, delivery management, emissions reduction, fleet simulation, transport optimization, EV transition planning, workforce optimization, delivery scheduling, dynamic routing, logistics SaaS, mobile workforce management, parcel delivery, fleet efficiency, supply chain sustainability, digital twin logistics