Rollzi, a brand new Seattle startup led by a former Convoy director, raised $8 million to assist truckload carriers ship freight shipments utilizing a “Single Lane” method that the corporate says will increase effectivity for each truckers and shippers.
The Seattle-based startup was based by Damien Hutchins, CEO, and Jonathan Epstein, CFO. Epstein owns Equo Investments and was beforehand VP of Acquisitions at Lutz Actual Property Investments. Hutchins was beforehand director of brokerage operations at Convoy, a Seattle startup that operates a digital market connecting shippers and truckers. Hutchins stated his expertise there helped him perceive the market and encourage the concept for Rollzi.
Rollzi’s enterprise mannequin revolves round its “Single Lane” relay technique. The thought is to extend utilization of vehicles. Most vehicles run loaded solely 50-to-60% of the time, based on Hutchins.
Rollzi matches drivers and vehicles to every load by modeling essentially the most environment friendly relay with its know-how, which makes use of information equivalent to truck telematics, driver location, gas costs, and visitors. The totally loaded vehicles then transport freight alongside a single trucking lane: Interstate 5, from Seattle to Los Angeles. This relay method permits drivers to modify masses with different drivers alongside the route, enabling them to return to their residence terminal sooner whereas maintaining vehicles masses transferring.
Hutchins stated this method drives extra income per truck, will increase buyer satisfaction, and improves work-life steadiness for drivers. Rollzi supplies information and visibility to the homeowners of the freight all through the route. Its clients primarily include main meals and beverage firms, but additionally embrace client packaged items, home-furnishing retailers, and spot market shipments.
The corporate owned three vehicles in 2021 and now has greater than 20. Rollzi plans to increase into different lanes, beginning with an extra lane from Los Angeles to Atlanta by the top of the 12 months.
Hutchins stated income has remained secure regardless of the turbulent economic system. He didn’t present particular metrics.
Collaborating angel buyers included leaders at AJM Packaging, Belfor, and Smile Direct Membership. Together with seed fairness funding, the corporate raised capital via credit score financing.
Rollzi presently has 13 staff and has raised a complete of $8 million thus far.