PIESHIP Closes $2.1M Seed Round
Saudi-based logistics startup PIESHIP has raised $2.1 million in a seed funding round, led by Nama Ventures, with additional support from SEEDRA Ventures and angel investors. This investment marks a major step forward for the company as it expands its AI-powered last-mile delivery solutions across the Kingdom.
What is PIESHIP?
Founded in 2023 by Nasser Alharthi, Musaed Al-Amri, and Mohammed Mohsen, PIESHIP is a tech-driven platform that provides:
- Warehouse management solutions
- AI-powered last-mile delivery
- Shipment tracking and optimization tools
- Efficient fleet management using smart routing technology
By leveraging artificial intelligence, the mobility startup streamlines delivery logistics, improving efficiency for businesses and independent drivers.
Expansion Plans – Scaling Across Saudi Arabia
With this funding, PIESHIP plans to expand its operations into seven major Saudi cities, including:
- Jeddah
- Makkah
- Madinah
- Dammam
- Al Khobar
- Qassim
- Khamis Mushait
Additionally, the company aims to increase its driver network to 5,000 captains, providing greater flexibility and efficiency in last-mile logistics.
Investor Confidence & AI-Driven Growth
Nasser Alharthi, Co-founder & CEO of PIESHIP, emphasized the company’s commitment to AI-driven logistics:
“Closing our SEED funding round, led by Nama Ventures, reflects investors’ confidence in our vision and strategy. We will continue investing in AI-powered solutions to optimize our driver network, ensuring faster and more efficient deliveries.”
Meanwhile, Mohammed Al-Zoubi, Managing Partner at Nama Ventures, highlighted PIESHIP’s potential to reshape the logistics sector:
“PIESHIP has demonstrated its ability to provide innovative solutions for last-mile logistics. We are proud to lead this investment round and support their continued success and expansion.”
What’s Next for PIESHIP?
- Enhancing the user experience with improved tracking and communication systems
- Launching new logistics services to meet growing market demands
- Developing AI-powered fleet management solutions to optimize delivery times
With its tech-driven approach and investor backing, PIESHIP is set to revolutionize last-mile logistics in Saudi Arabia and beyond.
