Electric trucking startup Nevoya Inc. has successfully secured $9.3 million in funding aimed at broadening its zero-emissions freight network. This investment will support enhancements to its artificial intelligence-driven transportation management system and facilitate expansion of its team and operational footprint.
Founded in 2023, Nevoya integrates transportation management with a fleet of electric trucks designed to replace traditional diesel-powered freight systems. The company’s model emphasizes sustainability, efficiency, and cost-effectiveness, providing a cleaner alternative to conventional methods.
Unlike traditional systems retrofitted for electric trucks, Nevoya’s proprietary Transportation Management System is specifically tailored for electric operations. It optimizes routes, balances loads, and manages battery life and charging schedules, all aimed at reducing energy use while matching or surpassing the reliability of diesel alternatives.
Nevoya’s operations cater specifically to the needs of electric vehicles, offering improved energy-efficient routing, enhanced integration with charging infrastructure, and superior service planning. This focus results in a freight solution that significantly reduces emissions without jeopardizing performance or costs.
What sets Nevoya apart in the electric trucking sector is its strong commitment to customer collaboration. The company collaborates closely with shippers and third-party logistics providers to customize solutions that seamlessly fit into existing operational frameworks. Co-founder and CEO Sami Khan stated, “We don’t just move freight; we embed ourselves in our customers’ operations, uncovering insights that others miss.” This philosophy fosters technology advancements that support a smooth transition into zero-emissions trucking.
In the past six months, Nevoya has successfully partnered with Fortune 500 companies and prominent logistics providers, illustrating that zero-emissions freight can be competitively priced while offering exceptional service reliability, according to Khan.
The funding round was led by Lowercarbon Capital and included contributions from Floating Point Ventures, LMNT Ventures, and other notable investors. Shawn Xu, a partner at Lowercarbon Capital, emphasized Nevoya’s potential: “Nevoya is an AI-orchestrated, electric-first freight carrier that’s already outperforming legacy diesel trucking economics, and we’re confident in their ability to scale quickly.”
As Nevoya continues to position itself at the forefront of the electric trucking industry, the recent funding is expected to accelerate its growth and impact on the transportation landscape.
