Autosled Secures $5 Mn in Series A Funding

Autosled, the modern automotive digital logistics marketplace, announced that it has completed its Series A funding round and established its Board of Directors.

March 10, 2022. By News Bureau

Autosled, the modern automotive digital logistics marketplace, announced that it has completed its Series A funding round and established its Board of Directors.

The announcement comes on the heels of the news that former Tesla executive, Leon Keshishian, has joined the company as Chief Executive Officer.

Autosled has confirmed the closing of a $5 million Series A round as the company continues its mission to revolutionize the automotive transport marketplace. Leading the round was Lyndon Rive, who co-founded Solarcity (now Tesla Energy) in 2006 along with his brother Pete and cousin, Elon Musk.

Lyndon personally witnessed the widespread logistical issues within Automotive with the launch of the Tesla Model 3. The opportunity to develop a unique digital platform that tackles these challenges, along with his prior dealings with Autosled’s CEO, Leon Keshishian, fueled his confidence in the Autosled team as they streamline the vehicle moving process for both shippers and transporters.

Joining Rive in the Series A investment was Andrew Leto, founder of freight procurement marketplace Emerge. Leto invested through Arcturus Venture, his single family investment office that specializes in supporting tech enabled startups within the transportation and logistics sectors.

Following Rive and Leto in this round was Dave Baggett, current CEO of Inky Technology and former COO and co-founder of ITA software, an airfare pricing engine platform acquired by Google in 2010 (now Google Travel).

A group of individuals from the Georgetown Angel Investor Network, represented by Marc Suhlam, also participated in the round. This funding brings Autosled’s total capital raised to more than $7 million.

“When Lee first described Autosled’s goals, I saw the opportunity,” noted Lyndon Rive, co-founder of SolarCity. “After dealing with Tesla’s own vehicle delivery pain points, I knew firsthand the market challenges that needed to be addressed. Dan and David's retail automotive knowledge, combined with Lee's operational execution, made the investment decision a no-brainer.”

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