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StorageVault (TSXV:SVI) launches FlexSpace Logistics last mile platform
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  • StorageVault (SVI) has broadened its e-commerce presence by launching its last mile platform, FlexSpace Logistics
  • FlexSpace Logistics connects businesses across Canada to storage space, logistics and inventory management services
  • Businesses will benefit from comprehensive digital shipping, advanced geolocation technology and a third-party warehousing network
  • StorageVault Canada owns and operates 216 storage locations across the country
  • StorageVault (SVI) is up 4.15 per cent and is currently trading at C$4.27 per share

StorageVault (SVI) has broadened its e-commerce presence by launching its last mile platform, FlexSpace Logistics.

FlexSpace Logistics is an end-to-end technology platform connecting businesses across Canada to storage space, logistics and inventory management services.

Businesses will benefit from comprehensive digital shipping services, advanced geolocation technology matching businesses to services, and a third-party warehousing network that ensures goods are delivered where and when needed.

"As the number one lead generator in the Canadian storage industry, we have experienced high demand for a comprehensive business package that provides services for businesses of all sizes. By leveraging our 13 million square feet of space in 210 plus communities across Canada, FlexSpace Logistics is a perfectly suited last mile solution," said StorageVault CFO Iqbal Khan.

"FlexSpace Logistics enhances the services that our self-storage brands have been providing for over 20 years with a business-centric focus, in addition to incorporating a 3PL component to our offerings. As the lead for this venture, I am passionate to continuously innovate and am excited to develop FlexSpace Logistics into a dominant player in the last mile solution space," said StorageVault FlexSpace Logistics Venture Lead Lucas Koren.

StorageVault Canada owns and operates 216 storage locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia.

StorageVault (SVI) is up 4.15 per cent and is currently trading at C$4.27 per share as of 2:21 pm ET.

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