# Hwy Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hwy-labs

- Industry: Transportation Services
- Headquarters: Santa Clara, US
- Website: www.hwyhaul.com
- Total disclosed funding: $19M
- Latest round: Series A (Sep 23, 2022)
- Investors on record: 5

## About

Hwy Labs, Inc., based in Santa Clara, CA, specializes in on-demand truckload shipping services, focusing on immediate freight quotes and booking, enhancing logistics efficiency for various sectors.Hwy Labs, Inc. was founded in 2018 and operates out of Santa Clara, California, USA. The company provides on-demand shipping solutions and has engaged in 6 deals to date. In September 2022, Hwy Labs raised USD 8.78 mn in Series A funding, led by Eileses Capital with participation from investors such as BluePointe Ventures and True Blue Partners, marking the total amount raised at USD 8.78 mn. The current company valuation stands at USD 49.58 mn. The company's founders include Sharan Grewal, Syed Aman, and Zahed Khan, with Syed Aman serving as the CEO.Hwy Haul specializes in on-demand truckload shipping services, focusing on providing immediate freight quotes and booking capabilities for businesses in sectors like fresh produce, consumer products, retail, food and beverage, manufacturing, and agriculture. Their offerings include reliable capacity management, touchless load booking, real-time shipment visibility, and actionable data insights, all aimed at streamlining logistics and improving operational efficiency while minimizing deadhead miles and enhancing profitability for both carriers and shippers.Hwy Haul's revenue model is built on transaction-based fees for the freight services provided, facilitating direct B2B transactions between shippers and carriers. Their platform allows clients to book loads and transport goods in real-time, ensuring efficiency. The pricing strategies vary depending on the selected freight services, including competitive rates for diverse vehicle types such as dry vans and refrigerated trucks, allowing businesses to benefit from transparent pricing and dedicated support.In September 2022, Hwy Labs, Inc. raised USD 8.78 mn in Series A funding to establish direct relationships with enterprise accounts, including food and produce shippers, growers, distributors, wholesalers, and retailers in North America. The funding will support the launch of new products and the expansion into new markets, with a focus on enhancing their offerings in the logistics sector.

## Funding rounds

- Series A, Sep 23, 2022, $8.8M — BluePointe Ventures, Eileses Capital, True Blue Partners, FDC Partners
- Series A, Apr 26, 2021, $11M — AgFunder, BluePointe Ventures, Eileses Capital, True Blue Partners

## Investors

- AgFunder (https://capitalatlas.ai/funds/agfunder) — Series A
- BluePointe Ventures (https://capitalatlas.ai/funds/bluepointe-ventures) — Series A
- Eileses Capital (https://capitalatlas.ai/funds/eileses-capital) — Series A
- True Blue Partners (https://capitalatlas.ai/funds/true-blue-partners) — Series A
- FDC Partners — Series A