Shenzhen Prato Technology

About Shenzhen Prato Technology

Shenzhen Prato Technology Co., Ltd., established in March 2017 by siblings Ting Qi and Wenxing Qi, provides intelligent logistics solutions centered around a pallet sharing model. Ting Qi's extensive experience in the pallet industry highlighted customer pain points and inefficiencies, such as the high costs and low utilization rates associated with businesses owning their own pallet stock. Wenxing Qi brought a financial perspective to the venture, applying concepts of asset securitization and currency circulation to create a 'pallet bank' business model.

The company operates on a 'Logistics as a Service' (LaaS) and sharing economy framework, aiming to solve issues like "zombie pallets" (idle assets) and single-use pallet waste. Prato's core offering involves leasing and selling standardized, intelligent pallets made from recycled plastics, which can be tracked and managed through its proprietary "Puto E-share" SaaS platform. These pallets are equipped with RFID tags that act as electronic IDs, allowing for the digital management of the asset's entire lifecycle and improving the efficiency of cargo handover and information tracking.

Prato's business model creates a closed-loop digital ecosystem that includes recycled plastic modification, pallet R&D and production, a circular sharing system, and end-of-life disposal. This approach helps clients in sectors like FMCG, petrochemicals, and cold chain logistics to reduce costs, improve supply chain transparency, and lower their carbon footprint by over 30%. The company offers customized solutions and various service plans, including leasing by trip or term, to meet diverse client needs.