TrucksUp Raises $8.2M Growth Capital at $42.3M Valuation

Gurugram-based logistics technology platform TrucksUp has raised $8.2 million in a growth funding round, bringing its enterprise valuation to $42.3 million. The company focuses on integrating small and medium enterprises into a digital freight network.

Investors

The funding round saw participation from various institutions and family offices, alongside investments from co-founders Sarthak Shah Elwadhi and Aviraj Singh Chadha.

TrucksUp Use of Funds

TrucksUp intends to use the capital to enhance its technology platform, specifically focusing on its intelligent freight-matching engine, as well as for hiring and general corporate working capital requirements.

About TrucksUp

Founded by Sarthak Shah Elwadhi and Aviraj Singh Chadha, TrucksUp provides a digital network that connects commercial shippers with vehicle owners. The company offers automated freight discovery, end-to-end predictive telematics tracking, and an integrated vehicular lifecycle stack including FASTag solutions and vehicle health tracking tools.

Funding Details

Company Website: https://trucksup.com/

Company: TrucksUp
Raised: $8.2M
Round: Growth Capital
Funding Date: August 27, 2026
Additional Investors: Institutions, Family Offices, Sarthak Shah Elwadhi, Aviraj Singh Chadha
Software Category: Logistics Technology
Source: https://yourstory.com/2026/08/logistics-tech-startup-trucksup-raises-82-million-in-growth-funding