As the debate between states that adopted the California Air Resources Board's (CARB) vehicle emissions regulations and the federal government remains unsettled for now, it's become clear that private industry needs to take the lead in the development and expansion of alternative power and infrastructure in the commercial semi market.
[Related: Trump signs measure officially revoking CARB waivers]
Enter electric trucking carrier Nevoya. The Santa Monica, California-based company has just announced $9.3 million in seed funding to expand its proprietary AI-powered Transportation Management System (TMS) platform, designed and built specifically for electric vehicle operations.
This investment round is led by Lowercarbon Capital with additional support from Floating Point, LMNT Ventures, and current investors Third Sphere, Stepchange, and Never Lift. Qasir Younis, founder and CEO of Applied Intuition, remains an angel investor.
According to Nevoya, which inked a deal with Greenlane earlier this year, the global electric truck market has a projected value of $125 billion by 2030, and this latest investment round is intended to help ensure the company is prepared to meet future demand.
Nevoya says the funding will help advance its in-house electrification and AI-first operations technology towards scalable growth. The system, according to the press release, "transforms the complexity of zero-emissions trucking into competitive advantages through:
- 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."
The overall goal is to make zero-emissions trucking economically superior to diesel alternatives.
"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.
The funding will also help accelerate the company's tech into American freight operations in the following ways:
- Geographic expansion into new corridors and markets with proven customer demand.
- Development of Nevoya's proprietary transportation management system with enhanced predictive capabilities and deeper customer integration features.
- Partnership acceleration with leading shippers, 3PLs, and technology providers who share Nevoya's vision for next-generation logistics.
- Team scaling across sales, customer success, engineering, and operations to maintain service excellence at scale.
"This customer-centric approach drives our technology development, ensuring the transition to zero-emissions trucking is seamless," explained Sami Khan, Nevoya co-founder and CEO. "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."
