Mitsubishi Logistics Group Invests in US-based Pelicargo to Accelerate Logistics DX and Streamline International Air Freight

Overview of the Funding

MLC Ventures, the venture capital arm of the Mitsubishi Logistics Group, has announced an investment in Pelicargo Inc., a US-based startup operating an online booking platform for air freight. This investment was conducted as part of Pelicargo's Seed II funding round.

About Pelicargo

Pelicargo is a startup dedicated to driving digital transformation within the air freight industry. Traditional air cargo operations have long been hindered by inefficiencies, relying heavily on phone calls and emails to verify rates and available space across different airlines. Pelicargo provides a centralized solution that allows users to compare shipping terms from multiple carriers in real-time, managing the entire process from booking to execution within a single digital platform.

Purpose of Investment and Future Outlook

MLC Ventures identified Pelicargo’s platform as a critical foundation for accelerating logistics digital transformation (DX), noting its ability to significantly enhance operational efficiency and convenience for both airlines and freight forwarders. Moving forward, the Mitsubishi Logistics Group intends to leverage its extensive domestic and international logistics infrastructure, in collaboration with its US subsidiaries, to elevate its international logistics services and strengthen global operational capabilities.