aifleet

Driver-centric platform for trucking industry

New York City, New York, United States

About aifleet

Ai Fleet operates in the trucking industry, focusing on providing experienced truck drivers and owner-operators with more control over their work schedules and higher earnings. The company guarantees pay that is 50% above the industry average, offering a minimum weekly payout of $4,000 for owner-operators and $1,300 for company drivers, regardless of the miles driven. This model allows drivers to choose when and where they drive, contrasting with traditional trucking companies that enforce strict schedules. Ai Fleet generates revenue through a vast network of loads, ensuring consistent and profitable driving opportunities for its drivers. Additionally, the company provides financial incentives like sign-on bonuses and various benefits to enhance the driver experience. The goal of Ai Fleet is to reshape the trucking industry by prioritizing the needs of drivers, offering them better pay, flexibility, and an improved quality of life.

New York City, New YorkHeadquarters
2020Year Founded
$37.5MTotal Funding
EARLY_VCCompany Stage
Automotive & Transportation, AI & Machine LearningIndustries
11-50Employees

Benefits

Unlimited vacation & flexible work hours
Competitive salary, bonus, & stock options
Expensed lunches in the office everyday
Medical, dental, & vision insurance
Short-term and long-term disability insurance
Life and ad&d insurance
Paid parental leave
Regular team events
A monthly wellbeing & cell phone stipend

Risks

Rising fuel costs may impact Aifleet's profitability due to industry dependency on fuel.
Driver shortages could challenge Aifleet's ability to maintain its driver-centric model.
Increased competition from tech-driven trucking companies may erode Aifleet's market share.

Differentiation

Aifleet offers 50% higher pay than industry average, attracting experienced drivers.
The company guarantees a minimum weekly payout, ensuring financial stability for drivers.
Aifleet's tech-driven approach maximizes asset utilization, outperforming industry averages by 35%.

Upsides

Aifleet raised $14M to enhance driver utilization rates, boosting operational efficiency.
Partnership with Parade expands access to additional capacity, enhancing load management.
Increased adoption of electric trucks aligns with Aifleet's sustainability goals.

Funding

Total raised$37.45 M
Latest valuation$70.00 M
StageEARLY_VC
EARLY VC
9/30/2023
$14
$70.00 M
SEED
2/28/2021
$4
$17.50 M