Rollzi, a Seattle, WA-based efficiency-focused truckload carrier, raised $8m, comprised of seed equity and credit financing.
The company intends to use the funds to expand its fleet of trucks, refine its relays, support hiring, automate much of its planning and decision-making tied to load selection, truck & driver assignment and routing, and to accelerate growth on the West Coast and beyond.
Co-founded by CEO Damien Hutchins and Jonathan Epstein, CFO, Rollzi provides proprietary technology that powers a single lane relay strategy to trucking in which multiple drivers combine to deliver loads, increasing both truck utilization for carriers and efficiency for its shipping customers.
Rollzi’s technology considers dozens of data points to model the most efficient relay for each driver, truck, trailer and load. These data points can include live data from telematics, market inputs, service activity, driver location and hours of service, fuel prices, traffic data, weather data and more.
With its single lane relay strategy, the company’s fleet of trucks currently focuses on delivering shipments to customers along Interstate 5, stretching from the Seattle area south to the Los Angeles area. Customers include major food and beverage companies, as well as consumer packaged goods and home-furnishing retailers.
In the coming months, the company plans to extend its focus to other specific lanes, such as Interstate 10, from Los Angeles to Atlanta.
FinSMEs
30/06/2022