Nevoya is the first short haul carrier designed from the ground up around electric trucks
Why we invested
The U.S. has more than 4 million class-8 heavy-duty trucks on the road, and together they account for about 7% of national greenhouse-gas emissions. Yet fewer than 1% of those trucks are electric today—despite the fact that by 2040, economics alone are expected to push electric adoption to roughly 40%. The gap exists because short-haul freight is a highly fragmented industry: most operators are small businesses with tight margins and little incentive or capacity to invest in zero-emission vehicles.
Nevoya is stepping into that gap as the country's first fully electric-only carrier. Because the entire business is built around EVs from day one—not retrofitted one truck at a time—they can design the fleet, charging, routes, and software as one integrated system. Nevoya is already securing early demand from major shippers and building both the infrastructure and the operating tools needed to make electric trucking not just cleaner than diesel, but more profitable.