Electric truck startup Nevoya Inc. announced today that it has raised $9.3 million in new funding to expand its electric freight operations, enhance its artificial intelligence-powered transportation management system, and scale up its team and geographic reach.

Founded in 2023, Nevoya is an electric freight carrier startup that combines transportation management with a fleet of zero-emissions trucks. The idea behind the combination is ultimately to replace diesel-based freight systems with a model that the company claims is cleaner and more efficient and cost-effective.

Nevoya offers a Transportation Management System built specifically for electric truck operations as opposed to being a legacy system adapted for electric trucks. The system handles route optimization, load balancing, dynamic battery management and charging schedules to reduce energy consumption while maintaining or exceeding the reliability of traditional diesel trucks.

The company’s operations are specifically designed for the unique requirements and capabilities of electric vehicles and deliver more precise energy-aware routing, better integration of charging infrastructure and enhanced service planning. The result, according to Nevoya, is a freight service that minimizes emissions without compromising on cost or performance.

The company also differentiates itself from other electric truck startups through a deeply customer-centric philosophy. Nevoya works with shippers and third-party logistic service providers to understand their specific operational needs and to tailor solutions that work with existing logistics frameworks.

“We don’t just move freight; we embed ourselves in our customers’ operations, uncovering insights that others miss,” said co-founder and Chief Executive Sami Khan. “This customer-centric approach drives our technology development, ensuring the transition to zero-emissions trucking is seamless.”

In the last six months, Nevoya has onboarded Fortune 500 customers and leading third-party logistic service providers. Khan said that demonstrates “that zero-emissions freight can be cost-competitive with diesel while delivering superior service reliability.”

Lowercarbon Capital led the seed round, with Floating Point Ventures, LMNT Ventures and existing investors Third Sphere, Stepchange Investments, Never Lift and Qasir Younis, founder and CEO of Applied Intuition Inc., also participating.

“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.

Image: Nevoya