CloudTrucks Stock
| Valuation | $850M1 |
| Valuation Date | Nov 30, 2021 |
| Implied Valuation | n/a |
| Last Price | $11.00 |
| 52-Week High | $11.00 |
| 52-Week Low | $11.00 |
| YTD Return | +0.00% |
| 1-Year Return | +0.00% |
| 3-Year Return | n/a |
| Total Funding | $141.6M2 |
| Latest Round Amount | $115M3 |
| Latest Round | Series B |
| Funding Rounds | 3 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About CloudTrucks
CloudTrucks is a virtual trucking carrier that gives independent owner-operators and small fleets a single app for booking loads, getting paid, buying fuel and staying compliant. Drivers lease onto CloudTrucks' federal authority so the company can handle insurance, IFTA filing and back-office work while they keep choosing their own loads. It makes money by charging an 18% lease-on and insurance fee on each load, which it says is well below the 30-35% taken by most mega-carriers. Shippers can also move freight through CloudTrucks Exchange, a brokerage CloudTrucks built after buying Shipwell's brokerage arm in 2024.
Invest in CloudTrucks
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News
CloudTrucks Announces Expansion of Road to Independence Program With Addition of FleetFirst Leasing LLC, Opening New Pathways for Company Drivers to Become Owners
CloudTrucks added FleetFirst Leasing as a lease-to-own partner so company drivers can get into a truck and run under the Virtual Carrier program. CEO Tobenna Arodiogbu said the partnership is meant to...
Introducing CT Fuel: Your Partner on the Road
CloudTrucks launched CT Fuel, a Visa-accepted card for fuel, parking and tolls with interest-free credit and discounts at Love's, Roady's and RaceTrac. Receipts are captured automatically for IFTA and...
CloudTrucks launches new offerings, acquires Shipwell’s brokerage
CloudTrucks bought Shipwell's brokerage arm and launched CT Exchange to give its drivers more consistent shipper freight. The company also described Virtual Carrier, Flex and CT Credit as its core car...
Introducing our Guaranteed Revenue Program for Owner Operators
CloudTrucks launched a mileage-based revenue guarantee for new Virtual Carrier drivers, targeting $4,500 a week at 2,000 loaded miles. A later note on the same page says the program ended on November ...
VC-backed CloudTrucks exits factoring business to focus on core offerings
FreightWaves reported CloudTrucks was exiting standalone factoring and shifting those customers to RTS Financial amid shutdown rumors the CEO denied. Instant pay for Virtual Carrier drivers remained i...
VC-backed CloudTrucks blames ‘tough freight market’ for layoffs
CloudTrucks cut staff in a weak freight market and declined to say how many people were affected. A source told FreightWaves about 40% of the team was let go.
CloudTrucks: 2022 CNBC Disruptor 50
CNBC named CloudTrucks to its 2022 Disruptor 50 list, describing the San Francisco virtual carrier's tools for small trucking businesses. It listed founders Tobenna Arodiogbu, George Ezenna and Jin Sh...
CloudTrucks raised $115M Series B to help truck entrepreneurs manage their business
CloudTrucks raised a $115 million Series B led by Tiger Global with Menlo Ventures, Flexport and others, bringing total funding to $141.6 million. CEO Tobenna Arodiogbu said the money would go into pr...
CloudTrucks Aims To Lower Fuel Costs for Independent Commercial Drivers
SAN FRANCISCO--(BUSINESS WIRE)--CloudTrucks, a technology-driven trucking carrier, today announced the official rollout of a fuel discount program in partnership with Road Ranger.
CloudTrucks Raises $20.5 Million Series A; Launches Instant Payments to Help Truckers Manage Cash Flow
CloudTrucks closed a $20.5 million Series A led by Caffeinated Capital and launched CT Cash, an instant-pay Visa product for truckers. The company said it was founded in 2019 by Tobenna Arodiogbu, Jin...
Uber partners with CloudTrucks to help drivers get trucking jobs
Uber has partnered with trucking startup CloudTrucks to make it easier for its ride-hail drivers to get jobs as truckers during the pandemic. Described as a “business in a box,” CloudTrucks is designe...
CloudTrucks raises $6.1 million to help truckers run their businesses
CloudTrucks announced a $6.1 million seed round led by Craft Ventures with Khosla Ventures, Kindred Ventures and Abstract Ventures. Founder Tobenna Arodiogbu had previously sold autonomous-driving sta...