Series A - $56M Raise - Investor Presentation

NoDwell

Eliminate the Wait. Own the Yard.

blake@getnodwell.com • getnodwell.com

Our Supply Chain's Massive Opportunity

Truck drivers waste 30% of their day sitting idle.

Waiting
For dispatch, appointments, dock assignments
Loading
2.5 hr avg per facility, twice per shipment
Detention
40% of loads held beyond contracted times
The Industry Today

Two ways to move freight.

How most of the industry operates

Live Loading

Truck arrives, waits for a dock, gets loaded while the driver sits.

6-24+ hrs
Average turnaround cycle, metro arrival to departure with next load

Proven solution. 1 in 3 shippers have access. The rest is our market.

Drop & Hook

Truck drops a trailer, hooks a pre-loaded one, and goes.

< 1 hour
Average turnaround cycle, metro arrival to departure with next load
The NoDwell Solution

Three services. One network.

Each service feeds the same density moat. The network effect compounds with every truck deployed.

Yard Truck
Shared yard spotter for unserved facilities. Fills idle time for those currently served.
City Truck
First and last mile relay. Creates the drop-and-hook or assists in overflow delivery.
Autonomous Yards
Our transfer yards become the handoff point for autonomous line haul.
Solution 1 - The Democratized Yard Truck

A shared yard spotter at a net negative cost.

NoDwell shares a yard truck across 2-5 neighboring facilities on a democratized contract, organizing jobs like a ride share.

\K
Gross revenue per site annually
~\K
Margin per site at scale
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Total gross revenue today

Already operating through Spot On Logistics. Revenue-producing today.

Solution 2 - The Democratized City Truck

On-demand relay. Creating the drop-and-hook.

Two modes. Same truck. Same network.

Proactive: Drop and Swap

NoDwell pre-positions a city truck, loads the outbound trailer. Driver arrives, drops inbound, hooks outbound, keeps driving.

Reactive: Exception Management

Driver stuck at dock. NoDwell dispatches a city truck to take over the trailer. Driver gets back on the road immediately.

\
Per job
x 5
Jobs per truck per day
\K
2025 gross, zero advertising
Solution 3 - Autonomous Transfer Yards

Our yards become the handoff point for autonomous freight.

The yards we already operate become the critical infrastructure that autonomous line haul trucks need to reach their final mile.

Autonomous Line Haul Creates Demand

  • Aurora is hauling freight driverless - Dallas to Houston, live today
  • These trucks can't navigate docks or urban areas - they need a handoff point
  • NoDwell yards become that transfer station
Network Built
Services 1 and 2 build the physical yard network
Tech Arrives
Autonomous partners plug into our existing locations
Margins Expand
Remove driver cost, keep the network revenue

We don't build autonomous tech. We build the network it needs. Human drivers now. Autonomous backfill later.

Phase One Target Market

$15.1B

Annual cost of truck detention alone.
Source: American Transportation Research Institute (ATRI)

5%
Market capture at 20% take rate
$150M
NoDwell revenue

40% of shipments are affected, so we start here.
Total idle waste is estimated to surpass $100B.

Competition & Differentiation

Others track the problem. We eliminate it.

Scheduling & Visibility
FourKites, project44 - track detention, but the truck still waits
Asset-Heavy Yards
Lazer, YMX - effective, but exclusive contracts, high volume required
Asset Light Brokerages
Offering trailers as a service, lining up the inevitable convergence of these concepts

NoDwell: Shared truck model fills idle time where drop & hook exist and serves the majority of the market currently without access.

Both Lazer Logistics (700+ locations) and YMX are already interested in acquiring our yard services.

Traction & Validation

We're proving this works.

Below revenue earned through our yard spotting provider Spot On Logistics and is based on a 20% take rate for NoDwell.

~150
Industry conversations validating the problem and our solution
$290K
2025 concept revenue from yard spotting operations
$116K
EBITDA
5
Active proposals: Cargill, Hillman Group, NFI, Reardon Pallet, Native Seed
The Team

Built by people who've lived this problem.

Founder & CEO

Blake Lappan

  • 22 years in truckload freight
  • 15 years in yard management
  • 14 years as a fleet owner
  • Focused on bringing yard management to those who currently don't have it
CTO & Co-Founder

Amol Mehta

  • Former Founder & Director of Development at Bunjii
  • Built an Uber-style marketplace for logistics
  • Deep expertise in marketplace platform architecture at Bunjii

Advisory Board

Rob Haddock
42 years at Coca-Cola, 7 years running North America Logistics
Erik Malin
Co-founded Baton (acquired by Ryder, 2022)
Mike Saxton
Former CCO, Orange EV (electric terminal trucks)

65 years of combined operations experience via our Spot On team, already in place to scale NoDwell from day one.

Use of Funds

Where $56M goes.

37.5%
Fleet & Ops: trucks, drivers, maintenance
25%
Platform: AI dispatch, YMS, integrations
20%
Sales & GTM: enterprise development
17.5%
G&A, legal, insurance, working capital
Capital Deployment

Majority of capital goes into hard assets.

Fleet and real estate create tangible asset value alongside technology and business development investment.

Fleet Assets

$225K
IC Diesel Yard Truck
$400K
Electric Yard Truck
  • 250 trucks by Year 3 - titled, insured, depreciable
  • 10-15 year useful life with proper maintenance
  • Residual value of 30-40% at Year 5

Real Estate Strategy

Model
Lease → Own
Start asset-light, convert as cash flow supports
  • Transfer yards in industrial corridors - low-cost land
  • Each yard serves 2-5 client facilities within 15 miles
  • Owned real estate becomes the autonomous handoff network

Trucks + yards = liquidation value floor. Software upside is free.

The Raise
$56M

Series A - 90% Verbally Committed - In Due Diligence

Lead Investor
$48M
LOI Pending
Remaining
$6M
Strategic + Angel
250 Trucks
Deployed by Year 3
20%
EBITDA Margin
~27%
Founder Retention
3 Year
Growth Partnership

Over-capitalized by design • Headroom to accelerate or extend • AI-built platform at 80% less • 15 years of relationships, no cold start

Technology Platform

AI-augmented. Zero rip-and-replace.

  • AI Dispatch Agent - Autonomous check calls, trailer matching, GPS verification. Running in production today.
  • TMS/YMS Integration - Plugs into Ditat, McLeod, TMW. No system replacement needed.
  • Real-time Yard Visibility - Every trailer, every dock, every move tracked and optimized.
  • Built with AI, not by headcount - 3-person eng team shipping at the pace of 15. 80% cost reduction vs traditional dev.
Future-Ready Fleet

Electric now. Autonomous next.

50% EV Fleet
$30K/yr savings per EV truck vs diesel
Yard = Easy AV
Low speed, geofenced, predictable - ideal for autonomy
$70K Savings
Per autonomous truck annually - pure margin expansion
Go-to-Market

Land. Expand. Dominate.

Phase 1: KC Corridor
4 trucks Y1 → 75 trucks Y2. Existing relationships. Zero cold start. SugarCreek contract live.
Phase 2: Top 10 Metros
200 trucks Y3. Dallas, Chicago, Atlanta. Enterprise accounts via NFI, Cargill, Hillman Group pipeline.
Phase 3: National
400+ trucks Y5. Marketplace dynamics. CDL training pipeline. Autonomous fleet integration.
Exit Strategy

Clear paths to outsized returns.

8× EBITDA
Conservative exit multiple - yard management trades at 8-12×
$192M
Implied exit valuation at Year 3 EBITDA
8× Return
On $56M invested capital

Strategic Acquirer Landscape

Lazer Logistics
700+ locations • Already in discussions
YMX
Yard management leader • Active interest
Ryder
Acquired Baton 2022 • NoDwell advisor is co-founder
NFI / XPO
3PL giants actively seeking yard tech
Why Invest

NoDwell

We're building the truckload sector's first and final mile infrastructure layer that doesn't exist yet.

  • $15.1B ATRI-verified starting market. Detention alone. The real idle-time problem is orders of magnitude larger, but currently invisible due to it being the way it's always been
  • Clear ROI. Turnaround times 5-20x faster, facilities can pay less than it would cost them to vertically integrate, unmatched visibility & flexibility, trucks increase productivity by an average 25%
  • A century of domain expertise. Built by people who have lived through and learned from every part of this problem
  • Early validation + path to scale. $75-125K gross platform revenue per shared site and $25-75K per shared local truck
  • Autonomous trucks are here. We are ready to serve them, then be them. See the Uber and Amazon models; marketplace first, backfill with autonomy second
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