Nevoya, a next-generation electric trucking carrier, announced today that it has secured $9.3 million in seed funding. The round was led by Lowercarbon Capital, with participation from Floating Point, LMNT Ventures, existing investors Third Sphere, Stepchange, and Never Lift, along with strategic angels like Qasir Younis (Founder and CEO of Applied Intuition).
This funding marks a major step toward rebuilding American road freight with advanced technology.
Nevoya is addressing the challenges of the logistics industry, demonstrating that zero-emission trucking is not only better for the environment but also more cost-effective than traditional diesel operations. Unlike carriers that simply retrofit electric vehicles into existing systems, Nevoya was built from the ground up for electric vehicle operations, incorporating AI orchestration and workflow automation into every part.
The company’s goal is to revolutionize logistics through unmatched efficiency and a strong focus on customers, serving major shippers and 3PLs with intelligence-driven operations that provide clear competitive advantages.
At the core of Nevoya’s innovation is its proprietary AI-powered Transportation Management System (TMS), designed specifically for electric vehicle operations. This system turns the complexities of zero-emissions trucking into strategic advantages by:
1.) Smart orchestration: Maximizing fleet utilization, optimizing routes, and balancing loads to achieve peak efficiency and low energy use.
2.) Predictive operations: Dynamic charging schedules, proactive battery management, and energy-aware routing to reduce operational friction and ensure smooth delivery.
3.) Real-time visibility: Offering customers instant emissions analytics, detailed cost breakdowns, and performance insights for better decision-making.
4.) Ongoing Optimization: Using machine learning to improve system-wide performance with every mile driven.
Nevoya’s approach promotes human excellence through automation, where deep customer understanding drives scalable growth. They focus on understanding the specific needs and challenges of shippers and 3PLs, guiding every decision from AI algorithm design to operational standards.
With this new funding, Nevoya will accelerate efforts to reshape American freight by:
1.) Geographic expansion: Entering new corridors and markets with proven customer demand, including plans to grow across northern and southern California, Texas, and Arizona.
2.) Advanced TMS development: Further enhancing its proprietary transportation management system with more sophisticated predictive features and deeper customer integration.
3.) Strengthening partnerships: Collaborating with leading shippers, 3PLs, and technology providers who share Nevoya’s vision for next-gen logistics.
4.) Growing the team: Expanding sales, customer success, engineering, and operations teams to maintain service excellence as they grow.
Nevoya aims to reach a fleet of 100 battery-electric trucks within the next 12 months, including Freightliner eCascadias and plans to add Tesla Semis and Volvo VNR Electrics. This investment secures Nevoya’s position at the forefront of the rapidly growing global electric truck market.
KEY QUOTES:
“We don’t just move freight—we embed ourselves in our customers’ operations, uncovering insights that others miss. 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.”
Sami Khan, Co-founder and CEO of Nevoya
“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.”
Shawn Xu, Partner at Lowercarbon Capital
