Leste Group invests $330m in Billor to expand business and enhance technology platform

Jan 30, 2025 | News | 0 comments

After investing in Uber, Airbnb, OpenAI, and SpaceX, Leste Group has made Billor its latest bet. It committed a $330m credit facility and acquired a minority stake.

The investment will help Billor enhance its technology platform and expand operations as it works toward its vision of empowering truck drivers to achieve financial independence.

Leste will acquire truck leases from Billor until 2027. Particularly, it will support the company’s goal of growing its fleet to 5,000 trucks and positioning itself for an IPO by 2028. The funding will also fuel advancements in Billor’s proprietary technology, especially in transportation management and driver payment systems.

A key focus will be on Billor CoPilot. This is an AI-driven tool launched in June 2024 that helps truck drivers maximize earnings. It also helps to ensure regulatory compliance, and streamline payments. Additionally, Billor plans to open new delivery centers across the U.S., starting with Houston, where partner drivers can access lease-to-own trucks.

Leste Group’s Private Equity Partner, Fabricio Bossle, emphasized that Billor’s model benefits both truck drivers and the broader economy by fostering financial independence. Billor was founded on principles aimed at ensuring truck ownership, financial stability, and greater control over drivers’ careers.

CEO Vincent Goetten highlighted that securing institutional investment was a key goal when he joined in April 2024. He described Leste as the perfect partner to support Billor’s next growth phase and eventual public listing. Founder and Chairman Jardel Rocha projected that Billor will see sixfold revenue growth in 2025, surpassing $200m while remaining profitable.

Leste’s Private Equity Partner, Eduardo Karrer, stated that the investment aligns with Leste’s strategy of backing high-growth companies with strong IPO potential. Grupo GHT4’s founding partner, Laércio Cosentino, emphasized Billor’s role in integrating technology, logistics, and financial inclusion to generate long-term economic value.

With this investment, Billor is poised to strengthen its market position, leveraging financial innovation and cutting-edge technology to transform the trucking industry.

Source: Globe Newswire

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