Oway (Founding)

Founding Year: 2024
Company Description: Oway is a rideshare freight platform that automatically coordinates and sells unused space in trucks to SMBs at a 50% discount for lightning-fast shipping. SMBs represent 44% of the US GDP and are historically forced to deal with high freight rates and friction due to their small size compared to enterprise businesses. On the other hand, nearly half of all truck space goes unused annually in the $900B+ US trucking industry. With trucking being a hyper-fragmented market (90%+ of US trucking companies are small family businesses), we decided to build an ecosystem that takes all of this inefficiency and turns it into something that could fundamentally transform the livelihoods of businesses and drivers alike. Oway is designed to be simple (you can place an order in 30 seconds) and scale with your business. Our ML rideshare protocol now allows businesses to ship freight affordably and faster than ever before. We also improve the survivability of independent truckers by maximizing their revenue when they’re already on the road - and it’s great for the environment too. 🍃
Market: B2B
Location: San Francisco, CA, USA
Coinvestors: YCombinator