Driven Logistics Group, Inc. | Application Preview
Driven Logistics Group, Inc. is seeking government grants to support its growth and meet increasing demand in the logistics sector, particularly due to the rising electric car market. The funding will primarily be used to pay down high-interest debt and maintain adequate working capital, as many clients operate on a NET60 payment schedule.
The business aims to expand its workforce by hiring additional drivers and operators to utilize its existing equipment. Based in Los Angeles, Driven Logistics is well-positioned to capitalize on the growing needs of the electric vehicle industry.
The organization advocates for support from investors who recognize the potential in the electric car market and notes that their specialized 24/7 services set them apart from competitors such as Reliable Transportation, United Road, and Car-Prep. Additionally, their extensive experience with various automotive testing facilities across California, Arizona, and Nevada enhances their competitive advantage.
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General Information
Business Registration Number: 465084194
Location: Long Beach, CA, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
We are a growing business that requires capital to expand and keep up with demand in our industry. We are looking to pay down high-interest debt and keep working capital available. Most of our clients pay their invoices NET60 or 60 days plus.
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Business Plan
We plan to grow the business by hiring more drivers/operators to operate the equipment that we already own. We are based in Los Angeles and there is a major demand for our services especially due to the electric car market increasing. Companies should invest in us, that are excited about the electric car market growing. We support the electric car market and we are equipped to help the growing industry.
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Self Identified Competition
Reliable Transportation, United Road and Car-Prep. We are different from our competitors because we have specialized equipment to support automotive manufacturers 24 hours per day, 7 days per week. We have a significant amount of experience with different automotive testing and evaluating facilities throughout California, Arizona and Nevada.
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Contact Applicant
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