Teleport Secures $50 Million Pre-IPO Funding to Fuel Global E-commerce Expansion

Teleport, the logistics subsidiary of Capital A Berhad, has secured USD 50 million in growth capital from HPS Investment Partners to scale its operations globally. Announced in Kuala Lumpur on January 22, 2026, the pre-money valuation of USD 500 million marks a significant milestone for the company as it prepares for a future public listing. This capital injection will be used to strengthen the firm's balance sheet and expand its unique asset-light network across key international markets.

The investment supports the expansion of Teleport’s cross-border e-commerce model, which prioritizes a lean infrastructure over owning a massive fleet of dedicated freighters. By leveraging the belly space of passenger aircraft from AirAsia and over 50 other partner airlines, the company delivers goods at a lower marginal cost. Teleport currently connects more than 290 cities across 80 countries, ranking as the top logistics specialist by volume in Southeast Asia.

CEO Pete Chareonwongsak stated that the new funds will specifically target high-growth corridors connecting China with the rest of Asia and the Middle East. The company aims to capture a larger portion of the USD 28 billion total addressable market for regional air cargo, of which it currently holds a 1 percent share. This latest round brings the total capital raised by the company to approximately USD 109 million since it was founded in 2018.

For parent company Capital A, the updated valuation represents an unrealized return of over 100-fold. CEO Tony Fernandes highlighted that the deal validates the group's strategy of diversifying into digital and logistics services to maximize network utilization. This partnership allows AirAsia to optimize its aircraft capacity while providing Teleport with the consistent frequency needed to serve global e-commerce platforms.

The transaction was facilitated by BNP Paribas as the financial advisor, with legal counsel provided by Milbank and Latham & Watkins. This move is expected to accelerate Teleport's trajectory toward an IPO within the next few years, further distancing its financial structure from the traditional aviation business.