Teleport Secures USD50 Million to Accelerate Asset-Light eCommerce Logistics Growth

23 January 2026

KUALA LUMPUR: Teleport has signed a Subscription Agreement with funds managed by HPS Investment Partners for the issuance of Redeemable Convertible Perpetual Securities (RCPS), raising USD50 million in pre-IPO growth capital. HPS Investment Partners is a leading global alternative investment firm.

The fundraising values Teleport, the logistics arm of Capital A Berhad (Capital A), at a pre-money valuation of USD500 million (approximately RM2.03 billion[1]). The proceeds will accelerate the global expansion of Teleport’s unique cross-border eCommerce logistics model, strengthen its balance sheet and support network growth with key partner airlines ahead of a future public listing. Since its inception in 2018, Teleport has raised approximately USD109 million.

The updated valuation from a leading global institutional investor underscores strong confidence in Teleport’s business model and validates the continued support of Capital A and the AirAsia airlines, which have backed Teleport’s development over the past eight years. It further demonstrates the commercial viability and long-term sustainability of Teleport’s position as Southeast Asia’s integrated eCommerce logistics specialist.

Since its establishment, Teleport has rapidly scaled its infrastructure and asset-light Teleport Network, ranking first in Southeast Asia[2], ninth in Asia[3] and 13th globally by volume[4].

Anchored by an asset-light air network, Teleport’s model enables cross-border eCommerce delivery at marginal cost. The Teleport Network offers the most extensive direct point-to-point connectivity, reaching more than 290 capital and secondary cities across 80 countries in the Asia-Pacific region and linking over 50 partner airlines. This is supported by end-to-end proprietary technology designed to move eCommerce shipments faster, more efficiently and at lower cost.

Teleport Chief Executive Officer Pete Chareonwongsak said: “We are pleased to welcome HPS at this next stage of our growth as we scale our unique asset-light model for cross-border eCommerce into key global markets. Our focus is on high-growth eCommerce corridors between China, the rest of Asia, the Middle East and beyond. We are grateful for the trust and confidence HPS has placed in Teleport as we progress towards an IPO.”

He added: “I would like to thank all 729 Teleporters who have gone above and beyond over the past eight years. Together, we have built Teleport in a way that challenged industry norms. The perseverance of our team, together with the strong support of Allstars from AirAsia, ADE and GTR, reflects the strength of the Capital A ecosystem. Today, we have captured just 1% of a USD28 billion total addressable market[5] for China and Southeast Asia air cargo and cross-border eCommerce. We remain committed to growing with the continued support of Capital A, our shareholders, investors and partner airlines, united by the belief that we are better together in serving customers faster, cheaper and better.”

Capital A Berhad Chief Executive Officer Tan Sri Tony Fernandes said: “This investment is a clear endorsement of our strategy and innovative approach. Teleport has evolved into a leading global cargo and logistics provider, ranking among the top players in Asia. Our unwavering belief in Teleport has culminated in this significant capital raising. The partnership delivers strong benefits to the AirAsia airlines through optimised belly space and network utilisation. This updated valuation represents an unrealised return of more than 100-fold[6] for Capital A and positions Teleport strongly for a future IPO. It is a clear win for our shareholders and reinforces our strategy as we continue to seek growth capital for other Capital A businesses.”

The completion of the RCPS issuance is subject to the satisfaction or waiver of conditions precedent set out in the Subscription Agreement. BNP Paribas and Milbank acted as financial adviser and legal counsel respectively to Teleport, while Latham & Watkins acted as legal counsel to HPS Investment Partners.