Teleport secures new pre-IPO investment to accelerate its international expansion.

Teleport, the logistics division of Capital A Berhad, has secured USD 50 million in pre-IPO funding, valuing the company at USD 500 million to enhance its global cross-border e-commerce operations. This investment from HPS Investment Partners will bolster Teleport’s balance sheet and expand its airline partnerships ahead of a public listing. Founded in 2018, Teleport has raised a total of USD 109 million and operates in over 290 cities across 80 countries, leveraging an asset-light model for efficient logistics. CEOs Pete Chareonwongsak and Tony Fernandes highlighted the strategic significance of this funding for future growth.