Nevoya, an all-electric trucking company, has raised $9.3 million in seed financing led by Lowercarbon Capital, aiming to redefine logistics through AI and workflow automation. The global electric truck market is projected to reach $125 billion by 2030, with Nevoya demonstrating the viability of zero-emissions trucking both environmentally and economically.

Nevoya uses an AI-powered Transportation Management System (TMS) to optimize zero-emissions trucking operations, emphasizing intelligent orchestration, predictive operations, and real-time visibility. The company, built from the ground up for EV operations, aims to outperform traditional diesel trucking economically, with plans to expand into new markets and enhance its TMS platform.

Kodiak Robotics welcomes Mohamed “Mo” Elshenawy to its board of directors, bringing expertise in AI and autonomous mobility. The appointment aligns with Kodiak’s plans to go public through a business combination with Ares Acquisition Corporation II. Elshenawy’s experience in technology and engineering will support Kodiak’s product deployment and scaling efforts in autonomous trucking.

Elshenawy’s background includes guiding Cruise LLC through autonomous vehicle program transformations and commercial driverless rideshare services. He currently serves as chief technology officer at Hims & Hers Health, Inc., focusing on AI-powered healthcare platforms. Elshenawy’s appointment strengthens Kodiak’s leadership team as the company prepares for its transition to a publicly listed entity named Kodiak AI, Inc.

Read more at Yahoo Finance: Nevoya’s $9.3M Bet on AI-powered electric trucks