Announcing the CloudTrucks $20.5M Series A and CT Cash
Summary
In addition to our new funding round, we are excited to announce CT Cash, a first of its kind free instant-pay solution for truck drivers on the CloudTrucks network. We built CT Cash to solve a critical cash-flow problem for truck drivers who often have to wait up to 30-45 days for payments, chase down brokers to get invoices paid, or work with factoring companies that charge 3% or more. Building the Carrier of the Future Finally, we would like to thank the many independent truck drivers around the country who have entrusted us with the opportunity to help run their business and play a small role in keeping goods moving across America during a difficult time. Fast forward six months, and hes now leasing his second truck to bring on his first employee (while also in the midst of a new kitchen renovation!). Thats the American dream, and its what motivates us to continue building products that make the lives of the millions of truck drivers around the country just a little easier.