YC-backed Oway raises $4M to build a decentralized ‘Uber for freight’

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Thousands of semitrucks that cut across the U.S. highway system each day are harboring a secret: They’re only about half full.

That inefficiency represents a multibillion-dollar opportunity. And one that a few companies like Uber Freight and Flock Freight are already chasing as part of broader business models that match truck drivers with companies selling goods. 

San Francisco-based startup Oway is seeking out a narrower business model that more closely resembles Uber for freight, especially on the most inefficient long-haul routes. But…



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YC-backed Oway raises $4M to build a decentralized ‘Uber for freight’


Thousands of semitrucks that cut across the U.S. highway system each day are harboring a secret: They’re only about half full.

That inefficiency represents a multibillion-dollar opportunity. And one that a few companies like Uber Freight and Flock Freight are already chasing as part of broader business models that match truck drivers with companies selling goods. 

San Francisco-based startup Oway is seeking out a narrower business model that more closely resembles Uber for freight, especially on the most inefficient long-haul routes. But…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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