INSUBCONTINENT EXCLUSIVE:
After selling autonomous driving startup Scotty Labs to DoorDash just five months ago, entrepreneur Tobenna Arodiogbu is back with a new
CloudTrucks, which aims to help truck drivers earn more money, has closed a $6.1 million round led by Craft Ventures with participation from
truck owners and operators to run their businesses
Through software and data science, CloudTrucks aims to reduce operating costs for truck drivers and improve revenue, cash-flow and costs.In
the United States , about 91% of fleets are small businesses, operating six or fewer trucks, according to the American Trucking Associations
Last year, almost 800 trucking businesses went bankrupt in the United States Analysts attribute that to a rise in insurance costs and
excess supply, which drove shipping rates down
Additionally, operators are tasked with managing safety programs, invoicing and other paperwork
the industry and facing the largest pressures with fast-rising insurance rates, predatory factoring options and a quickly changing
The startup is accepting new customers on a case-by-case basis.Prior to CloudTrucks, Arodiogbu co-founded Scotty Labs to enable humans to
virtually control cars and trucks
The idea was to assist drivers in long-haul trips
We are excited to support the entire CloudTrucks team as they build the platform that will increase revenue and efficiency for thousands of
