Oway Raises $4 Million for AI-Enabled ‘Rideshare Freight Platform’
· Source: pymnts.com
In short
Oway has secured $4 million in seed funding to expand its AI-enabled freight marketplace that matches shippers with trucks carrying unused space. The platform aims to reduce less-than-truckload (LTL) freight costs by 50% while helping carriers increase earnings. Currently operational in seven states with 10,000 vehicles and 1,000 customers, Oway targets significant supply chain cost reductions.
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In the issue of week 34, 2025: AI-Powered Mergers and Robotics Spark Supply Chain Breakthroughs in 2025
Tags: freight, optimization, funding, marketplace, logistics, automation