Supply Chain Angels Invests in Startup Offering Next Generation Urban Logistics and Space Optimisation Services

Supply Chain Angels Invests in Startup Offering Next Generation Urban Logistics and Space
Optimisation Services

The first of a series of startups SCAngels
will invest in, Spaceship offers on-demand, pay-as-you-use storage to help
individual users and businesses reduce costs and optimise their resources

Singapore, 14 March 2017 – Supply Chain Angels (SCAngels), the
corporate venture arm of the YCH Group, is investing in Spaceship, a start-up
offering next-generation urban logistics and space optimisation
solutions. SCAngels will also
provide Spaceship with the ecosystem to thrive, giving it access to its
infrastructure, expertise and contacts. YCH Group is the first large local
enterprise (LLE) under the third installment of National Research Foundation’s
(NRF) Early Stage Venture Fund (ESVF) to invest in a startup.

Consumers and SMEs alike are often challenged by expensive or
limited space, sub-optimal inventory management and inefficient transport
management of their goods.  Available resources are often underutilised at
businesses, and Spaceship aims to leverage on technology to allow for the
effective use of these untapped resources.   

With the potential to disrupt the self-storage industry,
Spaceship offers on-demand, pay-as–you-use storage in various flexible plans
offered to both individual users and businesses. Their service for physical
storage aims to optimise both liveable and workable space, leveraging economies
of scale and technology to offer cost effective solutions complemented by
attractive value-added services.

Using web and mobile applications, Spaceship digitally handles
the entire end to end process, from storage materials to transportation,
providing a hassle free, customer friendly, experience for their users through
this streamlined process. Goods are stored in a highly secure facility, and
with the exception of fragile items, are insured free of charge against fire
and theft to guarantee peace of mind for users of the service. Users of the
service simply have to make a click or two to get items returned to their
offices or homes.

“On-demand storage represents an addressable market in
Singapore. Yet, much of this market remains untapped. Spaceship is
well-positioned to grow rapidly by bringing its services to SMEs and SOHOs in
Singapore,” said Mr James Ong, Investment Committee Member at Supply Chain
Angels.

“Spaceship is excited about the investment
from SCAngels. With the investment, we can better enhance our technology stack
and product to include features like smart scheduling for fleet management,
real time sensors for temperature and humidity and enhanced inventory systems,
among others. We believe that with the new enhancements, we’ll be able to meet
the needs of SMEs and propel our business more swiftly in Singapore and
beyond,” said founder and CEO of Spaceship, Mr Yeo Zhi Wei.

SCAngels is the corporate venture arm of YCH Group, Asia Pacific’s leading integrated end-to-end supply
chain management and solutions provider, supported by Y3 Technologies, a leading supply chain management information
technology and services company. SCAngels invests in startups that are
synergistic and complementary to YCH’s supply chain and logistic business with
the aim of “Nurturing Innovative Disruptors”.