Auto Hauler Exchange (AHX) has secured $5 million in Series A funding led by MHS Capital, the company announced.
The digital marketplace connects vehicle shippers directly with carriers, offering a streamlined solution to improve efficiency in vehicle logistics. The funding will support operational scaling, team expansion, and platform enhancements.
AHX says its platform, which supports over 5,000 carriers and more than 350 shippers, eliminates the need for intermediaries, allowing carriers to select shipments while shippers set their prices. The company aims to improve logistics efficiency by leveraging data analytics and promoting sustainability within the industry.
Key features of the AHX platform
- Direct connections: Shippers connect directly with carriers, setting prices while carriers choose their shipments.
- Efficiency gains: A digital dashboard helps carriers maximize capacity, reduce empty miles, and make quick decisions.
- Data analytics: Shippers gain access to analytical insights and top-rated carriers.
- Sustainability focus: AHX promotes practices aimed at reducing greenhouse gas emissions.
Impact of AHX funding
Royce Neubauer, founder and CEO of AHX, emphasized the significance of the funding.
“This investment will accelerate the development of our platform and help us significantly grow our network of carriers and shippers,” Neubauer said.
MHS Capital led the round due to AHX’s potential to transform vehicle logistics.
“Auto Hauler Exchange is redefining the transport industry by creating a more efficient and transparent marketplace,” says Vijay Nagappan, partner at MHS Capital.
Golden Ventures, which led AHX’s seed round, also participated in the Series A. Bert Amato, venture partner at Golden Ventures, highlighted AHX’s progress in modernizing a fragmented sector.
The company will use Series A funding to expand marketplace offerings, strengthen its technology infrastructure, and recruit new talent to support growth and innovation.
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