Recently, Aifleet raised $16.6 million in a Series B funding round, bringing its total funding to nearly $50 million.

The company utilizes proprietary AI technology to enhance route planning, scheduling, and automation, achieving over 40% higher truck utilization compared to the industry average.

Founded in 2020, Aifleet operates in the fragmented U.S. full-truckload market, which is valued at $400 billion but suffers from inefficiencies and low driver utilization.

Aifleet's AI processes 20 quintillion permutations per truck weekly, managing 250,000 loads and facilitating $20 billion in orders annually.

The funding round was led by Tom Williams at Heron Rock, with notable participation from Volvo Group Venture Capital, Obvious Ventures, and others.

The new capital will be directed towards enhancing technology research and development, expanding operations and sales teams, and building scalable infrastructure.

Volvo Group's Stephen Roy expressed enthusiasm for collaborating with Aifleet to drive innovation in sustainable transportation solutions.

Volvo Group Venture Capital's investment aligns with its focus on companies that promote logistics, electrification, and sustainability.

CEO Marc El Khoury highlighted the trucking industry's inefficiencies, noting that even the largest carriers hold less than 1% of the market share.

Tom Williams expressed confidence in Aifleet's potential to become America's largest and most profitable truckload carrier, citing its innovative AI algorithms.

El Khoury emphasized Aifleet's commitment to improving the driver experience and environmental impact through advanced technology.

Customers benefit from Aifleet's AI-driven services, which enhance load visibility and automate responses, while drivers enjoy better pay and working conditions.