TrucksUp Options, an AI-driven digital freight market and logistics platform has raised $8.2 million (about Rs 78.26 crore) in a development financing spherical, with the funds set for use to strengthen its know-how and freight-matching operations.

Ritco Logistics, which describes TrucksUp as a step-down subsidiary, stated the contemporary capital might be used to strengthen core know-how infrastructure, increase product engineering and knowledge science groups, and develop the startup’s clever freight-matching engine.

The funding may also be used for working capital and normal company functions.

The Financial Instances individually reported the spherical as being value $8.2 million and stated it valued TrucksUp at $42.3 million after the investment. Institutional investors and household workplaces participated alongside co-founders Sarthak Shah Elwadhi and Aviraj Singh Chadha, who elevated their stakes within the startup.

Based in Gurugram in 2022 by Sarthak Shah Elwadhi and Aviraj Singh Chadha, TrucksUp operates a technology-led freight market connecting companies trying to transfer items with truck homeowners, fleet operators and transporters.

The startup stated its platform is designed to cut back inefficiencies in India’s highway freight market by making it simpler for truck operators to seek out masses, together with for return journeys.

Customers can discover and e book masses and vehicles on-line, monitor shipments in actual time, handle digital paperwork and monitor deliveries by the platform.

TrucksUp additionally gives FASTag and fuel-card providers, car finance and insurance coverage, GPS and telematics, in addition to verification providers. Its TrucksHub providing permits customers to purchase and promote new and used business automobiles.

It at present lists greater than 450,000 transacting truck suppliers and greater than 70,000 transacting enterprise associates.

TrucksUp has additionally expanded its partnerships in freeway know-how and monetary providers.

On 10 March 2026, Indian Highways Administration Firm Restricted, an organization promoted by the Nationwide Highways Authority of India, signed an settlement with 5 business car aggregation platforms, together with TrucksUp.

Beneath the initiative, the platforms are anticipated to combine the federal government’s Rajmargyatra service to offer business drivers with real-time security alerts overlaying accident-prone stretches, diversions, development zones, stray cattle and opposed climate circumstances.

The settlement additionally permits drivers to offer suggestions about toll plazas and roadside amenities and to report FASTag-related points.

TrucksUp additionally entered right into a partnership with Shriram Finance in 2025 geared toward bettering entry to monetary merchandise for transporters, fleet homeowners and different companies.

The collaboration contains merchandise similar to car and enterprise loans and attracts on Shriram Finance’s community throughout India, together with its presence in Tier 2 and Tier 3 cities.

On the time of that partnership, Elwadhi stated “By providing a collection of financing choices tailor-made to transporters and fleet homeowners, we purpose to gas development and sustainability for logistics companies throughout India.”

The newest financing comes as buyers proceed to again firms utilizing know-how and AI to digitise India’s freight and supply-chain sector.