Delayed deliveries, increased costs and reduced efficiencies, resulting from supply chain disruption and ongoing labor shortages, are creating a bleak outlook for the trucking industry.
However, these challenges present a huge opportunity for innovation in the trucking and logistics industry. And that’s why companies like Alvys, an end-to-end operating system for middle mile logistics companies, are so exciting.
In June 2023, the company raised a $6.3M seed round led by Bonfire Ventures, with participation from RTP Global and strategic angel investors, to revolutionize the ways that trucking companies operate.
Proving its value
Since January 2023, Alvys has seen tremendous growth – its customer base has more than doubled and its revenue increased 5x year over year.
Why is it proving to be so popular? Because Alvys’ revolutionary operating system helps trucking companies increase efficiency across all departments, by automating labor-intensive administrative tasks.
And its customers are seeing immediate results.
In fact, trucking companies that deploy Alvys typically report a significant reduction in office overhead within the first month of implementation, while simultaneously increasing the number of loads moved by 22% within the second month.
The cloud-based platform eliminates friction between sourcing, fulfilling, and managing loads through powerful integrations and cross-departmental communication. Whether it’s dispatch, driver management, load movement, accounting, safety, or compliance, Alvys allows users to complete tasks more efficiently, achieving easier asset addition and higher profit margins.
As a result, trucking companies with Alvys onboard can better deliver a seamless experience to their clients while remaining at the forefront of freight-tech innovation.
The road ahead for Alvys
With the new seed round funding, Alvys’ founding team have plans to strengthen its product offerings and expand the talented team. This will help the company to further invest in key areas such as research and development, product enhancement, and customer support.
RTP was inspired by Alvys’ vision to transform this underserved sector which is so ripe for innovation. The feedback from their customers has been so overwhelmingly positive, with many commenting on how much of an impact this end-to-end operator system has had on their business.
We are excited to see what Nick and his team build as the company continues to go from strength to strength.
Read more about Alvys and its fundraise here.
