TechCrunch Startup News Nevoya raises $9.3M as its EV truck fleet reaches cost parity with diesel
Jul 25, 2025
A fresh round of funding for Nevoya is setting the stage for electric trucking innovation. The startup has achieved cost parity with diesel trucks, marking a significant milestone in the industry. With $9.3 million secured, they aim to enhance their all-electric fleet and drive efficiency through AI. This bold move is reshaping the conversation around sustainable transport, even amidst prevailing doubts.
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AI Enables Cost Parity with Diesel
- Navoya achieves cost parity with diesel trucks by leveraging AI and automation in fleet management.
- AI optimizes routes, load matching, charging schedules, and reduces human errors effectively.
Investor Push for Bigger Round
- Founder Sami Khan shared how investor Sean Hsu encouraged Navoya to raise a larger seed round.
- This endorsement validated their progress and accelerated fundraising beyond initial expectations.
Creative EV Charging Strategies
- Expand EV fleets creatively by using underutilized charging locations like school bus depots overnight.
- This lowers upfront costs while providing extra revenue to local facilities during off-peak hours.