HAIFA, Israel, March 16, 2021 /PRNewswire/ -- ZIM Integrated
Shipping Services Ltd. (NYSE: ZIM) and Marius Nacht, one of Israel's leading serial entrepreneurs and
investors, announced today that they have jointly invested in a
Series B Financing round of WAVE BL, a developer of groundbreaking
blockchain network supporting paperless trade in the shipping
industry.
The two investors co-lead a round of approximately
$8 million that will accelerate
global implementation of WAVE BL's proven technology.
ZIM pioneered the first paperless electronic bill of lading
pilot in the shipping industry in 2017 using WAVE BL's platform and
has since widely expanded its use to become the industry leader.
Electronic bill of lading is currently offered to ZIM customers
worldwide, requiring only a simple onboarding process which is
supported by ZIM.
Digitization of bills of lading is revolutionizing shipping
documentation, sharply reducing time, complexity, errors and costs
for all parties involved, while maintaining a high level of
security and, importantly, being far more sustainable than the
traditional paper bill of lading.
Aligning with international rules, standards and insurance
coverage such as IG P&I Clubs and eUCP 600, WAVE BL's
one of a kind decentralized, digital documentation solution is
changing the shipping industry as it becomes the new industry
benchmark enabling secure and efficient remote business
continuity.
Proceeds will be used to support development of WAVE BL's
business and further implementation of its pioneering technology
supporting paperless trade in the shipping industry, as well as in
other sectors.
ZIM President and CEO Eli
Glickman: "Our early adoption of WAVE BL's
blockchain based platform to promote paperless trade highlights our
leadership in utilizing digital strategies to best serve customers
and has proven extremely successful for ZIM and for changing the
industry. Today, ZIM is an industry leader in paperless shipping
processes, and we are seeing growing interest from others in our
sector to adopt the platform reflecting the
significant benefits it provides to both customers and
carriers. This new investment in WAVE BL is a step forward in the
path to a more digitized and sustainable future, in accordance with
our vision and values."
ZIM CIO Eyal Ben-Amram: "Since completing the
integration of WAVE BL's platform with our system, we can offer
every customer the ability to enjoy the vast benefits of paperless
shipping, which is especially crucial during COVID-19. We are
pleased and proud to continue our support of this exciting and
leading company."
WAVE BL CEO Gadi Ruschin:
"Our partnership with ZIM has enabled us to introduce our
pioneering technology to a vast audience as we endeavor to become
the shipping industry standard in paperless trade. We are extremely
pleased with the continued faith and commitment of ZIM and Marius
Nacht in our company and look forward to leading the wave of the
future in shipping."
Ophir Shoham, who leads
Marius Nacht's investments in
high-tech: "We are proud to continue supporting WAVE BL's
remarkable technology and believe in its disruptive potential,
leading to a fundamental change in the way business is conducted
across countless sectors and industries. We are very impressed with
the great progress the team has made and excited to invest in WAVE
BL's trail-blazing platform."
To learn more about ZIM's digital documentation
platform and eBL service, click here
About ZIM
ZIM (NYSE: ZIM) is a global, asset-light container liner
shipping company with leadership positions in the markets in which
it operates. Founded in Israel in
1945, ZIM is one of the oldest shipping liners, with over 75 years
of experience, providing customers with innovative seaborne
transportation and logistics services with a reputation for
industry-leading transit times, schedule reliability and service
excellence. Additional information about ZIM is available at
www.zim.com
About WAVE BL
WAVE BL is a blockchain-based digital courier platform that
mirrors the traditional process for transferring original paper
documents—electronically. WAVE BL's solution enables instant,
encrypted and authenticated transfer of unique digital documents.
https://wavebl.com/
About Marius Nacht
Marius Nacht is one of
Israel's leading serial
entrepreneurs, tech founders and investors. He co-founded
Check Point Software, he is co-founder and anchor investor of aMoon
Funds, a growing healthtech platform managing over $1.1 billion, and he is a serial entrepreneur and
investor in tens of companies in the fields of life sciences,
healthcare, software, AI, mobility, cybersecurity, sustainability,
energy, and semiconductors.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-8652520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
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SOURCE ZIM Integrated Shipping Services Ltd.