Participated · Seed · Oct 2023

Velostics is a Houston, TX-based software-as-a-service company specializing in unified scheduling of appointments, dock and yard management, and digitizing the gate in/out process for shippers, brokers, freight forwarders and end customers. The platform automates communication between carriers and shippers’ warehouse and plant systems and logistics teams to schedule, check-in, and load vehicles faster and error-free. The company defines unified scheduling as the orchestration of inbound and outbound truck scheduling for shippers across their supply chain from vendors to end customers. Velostics raised $1.95M in a seed+ funding round led by current investor Starboard Star, with participation from Flyover Capital, Small Ventures USA and new investor Capital Mazapil. The company intends to use the funds to grow their network of shippers and their brokers, freight forwarders and 3PL providers. Gaurav Khandelwal is the founder and CEO. Velostics provides an AI-driven SaaS platform that automates communication between carriers, facility systems, and logistics teams to schedule, check in, and load vehicles faster and without paperwork. Its location-specific Velostics Pass™ and QR-code workflows enable contactless data exchange and eliminate manual scheduling and receiving delays. Customers (3PLs, manufacturing plants and bulk terminals) report roughly a 90% reduction in scheduling costs, a 60% reduction in manual check-in time, and a 7% improvement in gate-to-gate time and throughput. The company highlights its ability to minimize demurrage and errors and to deliver ROI in a matter of months. Velostics says this value positions it to capture a $37B inbound logistics management market that is separating from warehouse and yard management. The company also cites environmental benefits, noting orchestration of truck movement reduces idling-related emissions as described by its CEO.