Nevoya, the next-generation electric trucking carrier redefining what’s possible in American logistics, has successfully raised a sum of $9.3M in seed financing.
Led by Lowercarbon Capital, the round saw further participation from the likes of Floating Point, LMNT Ventures, and existing investors Third Sphere, Stepchange, and Never Lift, alongside strategic angels including Qasir Younis, Founder and CEO of Applied Intuition.
Going by the available details, Nevoya plans on deploying this fresh inflow of funds to accelerate its mission of transforming logistics through breakthrough efficiency and top-notch customer focus, delivering at the disposal of shippers and 3PLs intelligence-driven operations that, on their part, can conceive substantial competitive advantages.
To understand the significance of such a development, we must take into account several studies that project global electric truck market to breach the staggering valuation of $125 billion by 2030. Further contextualizing the need for Nevoya’s efforts would be a fact that 61% of logistics leaders now prioritize AI investments, with companies also achieving up to 30% delivery time reductions through intelligent optimization.
The stated shift in strategic focus, like you can guess, really goes the distance to spell a demand for carriers which are purpose-built for digital age.
Against that, Nevoya brings forth a proprietary Transportation Management System, which is tailor made for electric vehicle operations. You see, the system will combine electrification benefits with AI-first operations to achieve unprecedented efficiency.
“We don’t just move freight—we embed ourselves in our customers’ operations, uncovering insights that others miss,” said Sami Khan, Co-founder and CEO of Nevoya. “This customer-centric approach drives our technology development, ensuring the transition to zero-emissions trucking is seamless. In just six months, we’ve onboarded Fortune 500 customers and leading 3PLs, demonstrating to them that zero-emissions freight can be cost-competitive with diesel while delivering superior service reliability.”
Talk about the whole value proposition on a slightly deeper level, we begin from the promise of intelligent orchestration of fleet utilization, route optimization, and load balancing that maximizes efficiency. On top of it, the stated mechanism also significantly minimizes energy consumption.Â
Next up, we have a facility for predictive operations coming into play. These operations, on their part, are concerned with dynamic charging schedules, battery management, and energy-aware routing so to eliminate operational friction.
Another detail worth a mention revolves around the prospect of real-time visibility. This particular prospect bestows upon customers comprehensive emissions analytics, cost breakdowns, and performance insights that support strategic decision-making.
Rounding up highlights would be a focus on continuous optimization, a feature which leverages machine learning algorithms to improve system-wide performance with every mile driven.
Now, we referred to how Nevoya plans on using the newly-raised funds to accelerate operations, but what we haven’t mentioned yet is that it will, for starters, leverage them for geographic expansion into new corridors and markets with proven customer demand.
Furthermore, the company will facilitate the development of its proprietary transportation management system with enhanced predictive capabilities and deeper customer integration features. Beyond that, Nevoya will also look to foster partnerships with leading shippers, 3PLs, and technology providers who share Nevoya’s vision for next-generation logistics.
Lastly the company is going to scale teams across sales, customer success, engineering, and operations to maintain service excellence at scale.
“Nevoya is an AI-orchestrated, electric-first freight carrier that’s already outperforming legacy diesel trucking economics, and we’re betting they’ll scale faster too,” said Shawn Xu, Partner at Lowercarbon Capital.
