In April 2020, Lightrock invested in Frete.com, a Brazil-based digital freight marketplace that matches supply and demand for freight services. The platform allows drivers to plot out their pickups and deliveries ahead of time, rather than having to hunt for jobs at truck stops.
Since Lightrock’s investment, Frete.com has become the most used app for Brazil’s truckers. Lightrock has also been instrumental in Frete.com’s ESG reporting framework, tracking metrics such as CO2 emissions reduction, increases in income and security for truckers and women’s representation in the industry.