Volvo Group Venture Capital AB invested in aifleet, a U.S.-based company working in the full-truckload segment. The company is using its proprietary AI technology to optimize route planning and scheduling, with the ultimate goal of building end-to-end automation.
“As truck utilization has trended downward since 2018, aifleet has developed technology to mitigate the utilization problem to radically improve trucking efficiencies, while bringing real humanity back to the driver experience,” said Marc El Khoury, co-founder and CEO of aifleet.
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Reportedly, aifleet will use better planning tools and algorithms to boost its truck utilization, with its operation generating over 40% higher driver utilization than the industry average, the company reported.
“aifleet is addressing inefficiencies in the trucking industry in a differentiated manner, building technology and proving out its capabilities through their own fleet operations,” said Joe Darcy, investor at Volvo Group Venture Capital. “Not only are they increasing the utilization of the trucks on the road but also making sure drivers have an optimized working environment.”
