EMERYVILLE, Calif.--(BUSINESS WIRE)--AxleHire, a logistics innovation leader for last-mile delivery, today announced $20 million in new funding. This capital will enhance the company’s capabilities to deliver a more seamless same-day and next-day experience through new sortation technology, an expanded network of locations, and additional talent. Ajax Strategies led the Series B financing with additional participation from Eclipse Ventures, Quiet Logistics, Bee Partners, and Acorn Pacific Ventures.
Powered by proprietary technology, AxleHire provides last-mile delivery solutions with a higher level of predictability, reliability, and responsiveness for various shippers, from retail and e-commerce to fresh foods and perishables. The Company leverages an asset-light transportation network to right-size capacity based on demand. AxleHire also utilizes algorithms to optimize real-time decisions around customer experience and positions sortation hubs near major metropolitan areas to minimize transit times, blurring the line between same- and next-day delivery.
One year into the Covid-19 pandemic, it’s clear that consumers are dependent on new levels of convenience, with expectations of same- and next-day shipping now the standard. Leveraging its recipient-facing technologies, real-time visibility, and physical hubs located near major metropolitan areas, AxleHire has positioned itself to outpace legacy logistics companies by providing a one-size-fits-all solution for the next generation of retailers. Locations include Dallas, Houston, Los Angeles, San Diego, San Francisco Bay Area, New York, Phoenix, Portland, and Seattle.
“Businesses need help navigating the new shift in consumer perception when it comes to delivery expectations, especially in a post-Covid-19 world,” said Adam Bryant, AxleHire CEO. “With this new investment from Ajax Strategies, we are primed to level the playing field when it comes to providing cost-effective, reliable same- and next-day delivery for a variety of shippers.”
Daniel Sokolovsky, AxleHire’s founder, worked in his family's courier business from a young age and experienced firsthand how the repetitive and manual coordination efforts limited scale. Fast forward to 2015; traditional carriers were still using legacy software to compete with a new breed of on-demand couriers building their own technology. After studying Applied Math at Berkeley, Daniel recruited a team of engineers to blend the courier and carrier models more effectively, introducing line haul and sortation components to better serve customers.
AxleHire has also started to explore clean energy partnerships with cities and local governments such as Santa Monica's City in Los Angeles County. AxleHire is looking for delivery partners using electric methods to provide zero-emission delivery wherever possible.
“We are very excited to support AxleHire’s climate-smart approach to same-day delivery,” said Milo Werner, Partner at Ajax Strategies. “Leveraging dynamic routing to consolidate packages across vehicles allows AxleHire to offer the most affordable and lowest carbon same/next day logistics services.”
Ajax Strategies partner Milo Werner, Greenfield Partners founder Eugene Gorab, and Eclipse Ventures partner Matt Mulvey will all be joining AxleHire’s board of directors.
About AxleHire
AxleHire combines innovative technology and superior logistics to deliver cost-effective, reliable same- and next-day delivery services to industry leaders such as HelloFresh, Deliverr, Freshly, Pet Food Express, and more. AxleHire was purpose-built to support companies whose businesses rely on trusted and consistent delivery services to get their customers what they need when they need it. AxleHire has multiple locations in cities across the U.S, enabling high-volume shippers to cater to the needs and growing expectations of their customers.
For more information about AxleHire, please visit axlehire.com.
About Ajax Strategies
Ajax Strategies is a venture capital firm investing in entrepreneurs solving climate change. Since launching in 2014, Ajax Strategies has backed over 35 companies innovating across the energy, transportation, agriculture, and manufacturing sectors. Ajax Strategies provides regulatory and operational expertise, as well as inclusive leadership team building, to help entrepreneurs scale their businesses into transformative category-leading companies.
For more information about Ajax Strategies, please visit ajaxstrategiesllc.com
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