b'T R A N S P O R T A T I O NSCOA Leans into SharingEconomy with Fluid Truck E arlier this year, SCOA advanced its stake in the future of transportation through an external Series A fundraisinground for vehicle-sharing start-up Fluid Truck. Headquartered in Denver, Colorado, Fluid Truck is an app-based platform that facilitates24/7 vehicle rental access to commercial trucks and vans across the United States. With this capital,Fluid Truck will continue to invest in its platform, scaling the engineering and operations teams andaccelerating launches into new markets.As the Airbnb of transportation, Fluid TrucksCommerce 360, Covid-19 related shopping resulted in application empowers small to mid-sized businessesan additional $174.87 billion in e-commerce revenue to affordably and flexibly utilize vehicles without theand is expected to increase significantly in the next overhead of owning a fleet. An internal proprietarythree years. telematics platform helps automate the reservationAs customers demand faster delivery, we looked for process and reduce the time required to rent a truckpossible investments with companies that were solving or van.pain points within the last-mile delivery space, said In the past, small businesses may have outsourcedRosenbach. their delivery operations to a third-party logisticsFluid Trucks sustainable model has been successful provider, said Robert Rosenbach, Strategy Directorwith last-mile delivery providers, which are a growing at Fluid Truck and Director within SCOAs Mobili- part of todays social and logistical infrastructure, he ty Business Unit, a subset of the Automotive Group.added. The last mile also represents a majority of Renting a vehicle for only the time that they needthe cost to deliver a product. Companies in this space allows the customer to complete the delivery activityare not only looking to reduce delivery times and themselves without having to own a fleet of vehicles.price points but vehicle emissions as well.When considering vehicle maintenance and cost of insurance, whether used for a few days, hours orAs a leader in deploying electric vehicles, Fluid Truck months, rental is a better solution. is also actively supporting IKEAs zero-emissions delivery in New York and other major urban areas In the last year and a half, shopping restrictionsacross the U.S. Last fall they reached an agreement to brought about by the pandemic contributed to anincorporate upwards of 600 Lightning eMotors elec-increase in e-commerce sales. According to Digitaltric vehicles, including delivery vans and trucks, into 8 visions Summer 2021'