V TO V

About V TO V

V TO V, which stands for Vehicle-to-Vehicle, is a South Korean logistics startup that operates the optimized same-day delivery service, To-Day. The company was founded in April 2021 by co-founders Choi Sangsu and Kwon Min-gu to address the inefficiencies in urban logistics. They were later joined by Chief Technology Officer Kim Kang-in.

The founders identified that the traditional 'Hub & Spoke' delivery model, where packages are sent to a central hub before being redirected, causes unnecessary delays for shipments within the same metropolitan area. V TO V's solution is a 'public distribution network' modeled after the Seoul metropolitan area's public bus system. This approach uses a mesh network of smaller logistics points and a high frequency of vehicle rotations to ensure that parcels are continuously moving toward their destination without needing to pass through a large, centralized warehouse. This model enables same-day delivery, with items arriving within 4 to 10 hours after collection.

The company's proprietary real-time Transportation Management System (rTMS) collects data at every stage of the delivery process, which is used to optimize routes. An AI system trained on millions of past deliveries predicts precise arrival times for customers. V TO V's clients include major corporations like Amorepacific, Lotte Global Logistics, Naver, and AliExpress. The company utilizes a four-wheel vehicle fleet to enhance capacity and price competitiveness.

V TO V has secured significant funding to support its growth. In November 2022, the company raised 9.5 billion won (approximately $7.2 million) in a Series A round from investors including TBT Partners, Humax, Smilegate Investment, Woomi Global, and the Korea Credit Guarantee Fund. Subsequently, it secured 17.2 billion won in a Series B round to expand its services.