Aviraj Singh ChadhaSarthak Shah ElwadhiFreightFoxMojro TechnologiesTrucksUpIndian Highways Management Company LtdNational Highways Authority of India

TrucksUp raises $8.2 million in growth round as co-founders increase stake; funds to scale AI freight platform

TrucksUp, an AI-driven logistics platform, has secured $8.2 million in a growth funding round, raising its valuation to $42.3 million. Co-founders Sarthak Shah Elwadhi and Aviraj Singh Chadha increased their stakes, with funds aimed at scaling technology and fleet solutions to enhance India's trucking ecosystem.

Entrackr+1 source27 August 2026 · 05:23 UTC
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TrucksUp, founded in 2022, has raised $8.2 million in a growth funding round, increasing its valuation to $42.3 million. The funds will enhance its AI-driven logistics platform, which connects truck owners and businesses to optimize freight movement in India.13

The startup's AI-enabled algorithms match available trucks with verified loads in real time, significantly reducing reverse-loading wait times. This efficiency is crucial for transporters, as prolonged waiting can lead to lost productivity.4

TrucksUp has partnered with the National Highways Authority of India and Indian Highways Management Company Ltd to provide real-time driver feedback and road updates, further enhancing its service offerings.

In addition to freight matching, TrucksUp offers a comprehensive suite of services, including FASTag solutions, smart fuel programs, insurance support, and vehicle financing. The platform aims to create a holistic ecosystem for the trucking industry, addressing various needs from health check-up camps for drivers to parking facilities along major routes.

The funding round reflects a growing interest in AI-led logistics solutions, with other companies like FreightFox and Mojro Technologies also securing significant investments recently. Notably, the co-founders' increased stake underscores their commitment to the company's vision and growth.

Key Insight
“The round values TrucksUp at $42.3 million post-money, with participation from institutional investors and family offices. The Gurugram-based startup, founded in 2022, uses AI to match trucks with loads in real time and has partnered with NHAI and IHMCL for driver feedback.”
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1
Entrackr
“Logistics platform TrucksUp has raised $8.2 million in a funding round at a post-money valuation of $42.3 million from institutional investors and family offices, along with co-founders Sarthak Shah Elwadhi and Aviraj Singh Chadha, who have increased their stake in the company.”
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2
ascendants.inascendants.in
“Gurugram-based logistics technology platform has raised $8.2 million in a growth funding round, with co-founders and also increasing their stake in the company.”
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