After promoting autonomous driving startup Scotty Labs to DoorDash simply 5 months in the past, entrepreneur Tobenna Arodiogbu is again with a brand new startup. This time, he’s targeted solely on truck drivers and their companies. CloudTrucks, which goals to assist truck drivers earn extra money, has closed a $6.1 million spherical led by Craft Ventures with participation from Khosla Ventures, Kindred Ventures and Summary Ventures.
Described as a “enterprise in a field,” CloudTrucks is designed to make it simpler for truck homeowners and operators to run their companies. By way of software program and information science, CloudTrucks goals to scale back working prices for truck drivers and enhance income, cash-flow and prices.
Within the U.S., about 91% of fleets are small companies, working six or fewer vans, in accordance with the American Trucking Associations. Final yr, nearly 800 trucking companies went bankrupt within the U.S. Analysts attribute that to an increase in insurance coverage prices and extra provide, which drove transport charges down. Moreover, operators are tasked with managing security applications, invoicing and different paperwork. That is the place CloudTrucks is available in.
“CloudTrucks focuses on the owner-operator and small trucking firms as a result of they’re the lifeblood of the business and dealing with the most important pressures with fast-rising insurance coverage charges, predatory factoring choices and a rapidly altering panorama,” Arodiogbu advised TechCrunch.
Already, CloudTrucks has a small variety of early prospects to fine-tune the platform. The startup is accepting new prospects on a case-by-case foundation.
Previous to CloudTrucks, Arodiogbu co-founded Scotty Labs to allow people to nearly management vehicles and vans. The thought was to help drivers in long-haul journeys. Earlier than DoorDash’s acquisition of the startup, Scotty Labs had raised $6 million in funding. Now, Arodiogbu serves as an advisor to DoorDash.
“Tobenna is a confirmed entrepreneur and product thinker with a transparent imaginative and prescient of the issue CloudTrucks intends to resolve, “ Craft co-founder and Common Accomplice David Sacks mentioned in a press release to TechCrunch. “Trucking is on the coronary heart of the American financial system and but know-how nonetheless performs a really small function. We’re excited to help your entire CloudTrucks group as they construct the platform that may enhance income and effectivity for hundreds of owner-operator truck drivers.”