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Oway Raises $4M to Revolutionize Freight Industry with Decentralized Uber-like Model
ByAinvest
Friday, Aug 22, 2025 12:13 pm ET1min read
Oway, a San Francisco-based startup backed by Y-Combinator and General Catalyst, has raised $4M in seed funding to build a decentralized "Uber for freight" platform. The company aims to reduce shipping costs by 50% through AI-powered matching of cargo with empty trailer space and automation of shipping and insurance documentation. Oway's ride-share cargo model is made possible by electronic logging devices (ELDs) installed on trucks, which helps cut down on fatigue and makes trucking safer and more efficient.
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