Cartage, a startup focused on automating freight operations, recently secured $3.3 million in funding from various investors. The funding round was led by prominent names such as Y Combinator, Garage Capital, Wayfinder Ventures, Northside Ventures, Pioneer Fund, and Ritual Capital. Additionally, angel investors like Paul Graham, Nate Smith, Kulveer Taggar, Ian Logan, and Caleb Gawne also participated in the funding.
The company, which is part of Y Combinator’s 2024 class, is based in San Francisco and specializes in using AI technology to streamline shipping processes for carriers and shippers. By automating various aspects of freight operations, Cartage aims to facilitate faster and more cost-effective deliveries while providing transparency and visibility to all stakeholders involved in the shipping process.
Founded in 2023, Cartage was established by a team with extensive experience in the freight industry. Cofounder and COO Harman Sahota, who has a background in the trucking business, started his logistics career at a young age and has since been involved in successful ventures within the industry. CEO Abdul Basharat and CTO Josh Lampen, the other two cofounders, bring their expertise in product development and engineering to the company, having previously worked at a freight software startup.
One of Cartage’s key goals is to reduce freight costs for shippers by up to 30%, a strategy that differs from traditional brokers who often prioritize negotiating lower rates with carriers. By focusing on fostering good relationships with carriers and offering fair rates, Cartage aims to bring about positive change in the freight industry through technology-driven solutions.
The company’s customer-centric approach and innovative technology have garnered significant interest, leading to the successful funding round. With a strong team of industry experts and a commitment to revolutionizing freight operations, Cartage is well-positioned to make a lasting impact in the logistics sector.
Mythili Devarakonda, a seasoned journalist with a background in reporting for various publications, recently joined The American Bazaar as a Staff Writer. With a master’s degree in journalism and a wealth of experience covering diverse topics, including education and pop culture, Mythili brings a unique perspective to her work. Her focus on quality news coverage and serving the Indian American and South Asian communities aligns well with The American Bazaar’s mission, making her a valuable addition to the team.
