News

Bill Gates, Y Combinator, Jeff Bezos, Pierre Omidyar and many others invest millions in trucking app – Convoy

July 25, 2017 /

MATR Sponsor (view all)

Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

"We aim to cut down on the 40% of the time that trucks are empty, and even if we’re 1% more efficient that would save 400 million gallons of fuel," Lewis tells USA TODAY.

A few tech startups want to build trucks that drive themselves. That’s an earnings play for the future.

Until then, other tech ventures aim to earn a slice of the nation’s $800 billion trucking pie today by using technology to connect drivers with shipments.

Convoy https://convoy.com/ , a nearly two-year-old Seattle-based startup, has convinced a growing number of high profile investors — including Bill Gates, through his firm Cascade Investment — that its solution is worth banking on. CEO Dan Lewis announced Tuesday that Convoy had raised $62 million in Series B funding, bringing its total to $80 million.

Marco della Cava, USA TODAY

Full Story: https://www.usatoday.com/story/tech/talkingtech/2017/07/25/bill-gates-y-combinator-channel-millions-trucking-app/507268001/