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Oway

Ridesharing freight with ML to cut pallet shipping costs by 50% 


Company Size

11 - 50 employees

Year Founded

2023


About Oway

Oway is a rideshare freight platform that uses machine learning to automatically coordinate and sell unused space in trucks to businesses at a 50% discount for lightning-fast shipping. It's a $100B dollar-problem in the US alone - and every year up to 50% of the truck space in the country goes empty.

With trucking being a hyper-fragmented market (90%+ of US trucking companies are small family businesses), we decided to build an ecosystem that takes all of this inefficiency and turns it into something that could fundamentally transform the livelihoods of businesses and carriers alike. For carriers, integrating Oway can immediately increase annual revenues by up to 30% with almost no impact to existing delivery schedules.

In a technical sense, Oway applies stochastic spread optimization and real-time liquidity modeling to dynamically price freight shipments, effectively functioning as a decentralized market maker optimizing expected value across variable supply constraints. We wrap all of this under a beautiful, simple package for both businesses and carriers - allowing anyone to reap the benefits of rideshare freight shipping with the click of a button.

Founders & Key People

Phillip Nadjafov

Phillip Nadjafov

Founder, Oway


Financials Beta

Business Model: Not Specified

Revenues: Not Specified

Expenses: Not Specified

Debt: Request

Operating Status: Active

Funding Raised: $0

Investment Rounds: 0 Rounds

Funding Stage: Not Specified

Last Funding Date: Not Specified


Frequently Asked Questions

Who are Oway's founders and individuals in key leadership positions?

Oway has 1 founders and people in key management positions. They are:
  • Phillip Nadjafov
  • How long has Oway been in business?

    Oway was established in 2023 (2 years in business).

    Is Oway currently hiring?

    No, Oway is currently not hiring.

    Visit Oway's Jobs Page to stay updated with any upcoming open positions.

    Which country is Oway headquartered in?

    Oway is based in United States.

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