# Nuvocargo

> Nuvocargo is a digital-first freight forwarder and licensed U.S. customs broker built to simplify the $40B+ over-the-road freight market between the United States and Mexico. Through a single platform, it combines trucking, customs clearance, cargo insurance, carrier payments and trade finance, and is increasingly layering AI automation across the load lifecycle. Founded in 2019 by Deepak Chhugani, the New York- and Mexico City-based company has raised over $74M and rode the nearshoring wave to serve roughly 500 shippers including Kimberly-Clark, Nestle and Grupo Bimbo.

- **Founded:** 2019
- **Headquarters:** New York, United States (with a large office in Mexico City, Mexico)
- **Founders:** Deepak Chhugani (Founder & CEO)
- **Team size:** ~72-150 employees (roughly two-thirds based in Mexico City)
- **Products:** Freight (Managed Transportation & Brokerage), Customs Clearance, Nuvo OS (NuvoOS), Carrier QuickPay, Cargo Insurance
- **Notable:** Raised $36.5M Series B in 2023 at a $250M+ valuation, Founder Deepak Chhugani named to Forbes 30 Under 30 North America (Enterprise Technology, 2023), Reported first Ecuadorian native funded by Y Combinator; admitted as a solo nontechnical founder at 24

## Products & services

- **Freight (Managed Transportation & Brokerage)** — Digital-first over-the-road freight forwarding across U.S.-Mexico border crossings, with real-time shipment tracking and a vetted carrier network.
- **Customs Clearance** — Licensed U.S. customs brokerage integrated with freight; shippers using both cross the border about 33% faster, with reported 100% retention on the product.
- **Nuvo OS (NuvoOS)** — Proprietary Transportation Management System that centralizes documents, tracking, exceptions and communication for cross-border shipments.
- **Carrier QuickPay** — One-click cash advances / fast cross-border payments for carriers, improving carrier cash flow and loyalty.
- **Cargo Insurance** — Embedded cargo protection offered alongside freight bookings.
- **Trade Finance / Supply Chain Financing** — Embedded fintech products giving shippers and carriers access to working capital across the supply chain.
- **AI Freight Automation** — AI agents that automate quoting, negotiation, booking, dispatch, tracking, exception handling, auditing and payment across the load lifecycle, positioned to cut freight spend 7-20%.

## Achievements

- Raised $36.5M Series B in 2023 at a $250M+ valuation
- Founder Deepak Chhugani named to Forbes 30 Under 30 North America (Enterprise Technology, 2023)
- Reported first Ecuadorian native funded by Y Combinator; admitted as a solo nontechnical founder at 24
- Shippers using both freight and customs products cross the border ~33% faster
- Grew contribution margin per shipment 9x in one year while halving burn
- Expanded from Laredo to all major U.S.-Mexico border crossings

## Latest updates

- **2023-06** — Announced $36.5M Series B led by QED at a $250M+ valuation to expand to all major U.S.-Mexico border crossings.
- **2022-11** — Deepak Chhugani named to Forbes 30 Under 30 (Enterprise Technology, 2023 list).
- **2025** — Repositioned as an 'AI partner to automate North American freight,' rolling out AI agents across the load lifecycle to cut freight spend 7-20%.

## Links

- Website: https://nuvocargo.com
- LinkedIn: http://www.linkedin.com/company/nuvocargo
- Twitter/X: https://twitter.com/nuvocargo
- Facebook: https://www.facebook.com/nuvocargo

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Profile page: https://yespress.io/nuvocargo
Published by YesPress — https://yespress.io
Last updated: 2026-07-18