The San Francisco-based electric trucking startup Nevoya has raised $9.3 million in venture backing for its technology that applies artificial intelligence (AI) orchestration and workflow automation to a road freight sector that relies on legacy systems, the firm said.
The “seed financing round” was led by Lowercarbon Capital. The round includes participation from 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.
Nevoya says it is poised to be the carrier of choice for logistics leaders who are prioritizing AI investments and seeking delivery time reductions through intelligent optimization.
The firm says it achieves that through its AI-powered transportation management system (TMS) that is purpose-built for electric vehicle operations. The system offers features such as:
- Intelligent orchestration of fleet utilization, route optimization, and load balancing that maximizes efficiency while minimizing energy consumption.
- Predictive operations with dynamic charging schedules, battery management, and energy-aware routing that eliminate operational friction.
- Real-time visibility, providing customers with emissions analytics, cost breakdowns, and performance insights that support strategic decision-making.
- Continuous optimization using machine learning algorithms that improve system-wide performance with every mile driven.
“We don’t just move freight—we embed ourselves in our customers’ operations, uncovering insights that others miss,” Sami Khan, co-founder and CEO of Nevoya, said in a release. “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.”
