San Francisco-based Nevoya is driving straight into the future of freight. With a fresh $9.3 million seed round led by Lowercarbon Capital and backed by major early-stage investors like Floating Point, LMNT Ventures, Third Sphere, and Stepchange, the startup is positioning itself as a serious player in the electric trucking revolution—fueled not just by batteries, but by artificial intelligence.
The company, founded to reimagine freight logistics from the ground up, isn’t just electrifying trucks. It’s infusing the entire supply chain with AI—aiming to outmaneuver diesel incumbents in both cost and efficiency. With the electric truck market forecasted to hit $125 billion by 2030, Nevoya’s timing couldn’t be sharper.
Key Takeaways:
- $9.3M in fresh funding fuels Nevoya’s growth in AI-powered electric freight.
- AI-driven Transportation Management System (TMS) turns logistics into a competitive advantage.
- Nevoya was built electric-first—no retrofitting, no diesel DNA.
- Already working with Fortune 500 companies and top 3PLs.
- Expansion plans target new freight corridors and industry partnerships.
Blending AI + EV: A New Breed of Freight Carrier
Unlike most players converting diesel operations to EVs, Nevoya started electric—and smarter. Their secret weapon? A proprietary AI-powered Transportation Management System (TMS) that automates and optimizes operations in real time. It doesn’t just track trucks—it anticipates needs, reroutes for efficiency, and continuously learns from each trip.
“We don’t just move freight—we embed ourselves in our customers’ operations,” said Sami Khan, Nevoya’s co-founder and CEO. “This approach lets us uncover insights others miss—and it’s why our AI makes zero-emissions trucking seamless, not stressful.”
This tech-forward vision is already paying off. In just six months, Nevoya has landed contracts with Fortune 500 companies and leading third-party logistics providers—proof that electric freight doesn’t mean compromise.
Lowercarbon Capital’s Big Bet on Fast Scaling
“We’re betting they’ll scale faster than legacy carriers,” said Shawn Xu of Lowercarbon Capital. “Nevoya’s AI-orchestrated model is already outperforming diesel economics.”
The new capital will go toward expanding into high-demand freight corridors, upgrading the TMS, building industry partnerships, and scaling the team—especially in engineering, sales, customer success, and operations.
In other words, Nevoya’s not just building trucks. It’s building infrastructure, relationships, and intelligence.
Meanwhile, AI Leadership Moves on the Boardroom Front
In a parallel signal that AI and logistics are converging fast, Kodiak Robotics—an autonomous trucking tech firm—just appointed Mo Elshenawy to its board. Formerly the CTO of Cruise (GM’s autonomous arm) and now CTO at Hims & Hers Health, Elshenawy brings deep experience in scaling AI platforms in both transportation and healthcare.
Kodiak, which plans to go public in late 2025, is leaning heavily on AI to bring autonomous freight into the mainstream. Elshenawy’s appointment aligns with a broader shift: freight logistics is becoming a battleground for applied AI, not just clean energy.
Why It Matters
The electric trucking space isn’t new—but Nevoya’s AI-first DNA sets it apart. Instead of treating AI as a bolt-on, Nevoya has woven intelligence into every layer of the operation. In a world where fuel prices, emissions regulations, and delivery expectations are climbing simultaneously, data-driven efficiency could be the ultimate differentiator.