NoDwell · Series A · $54M Raise
Series A - $54M Raise - Investor Presentation
NoDwell Mascot

Eliminate the Wait.

By eliminating the live load.

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 average per facility, minimum of twice on every shipment
Detention
40% of loads are held beyond their contracted times
$100B+
estimated annual drain on U.S. trucking from systemic idle time
135M hrs
lost per year industry-wide - drivers sitting, not driving
+6.2%
crash risk per 15 min of facility time - USDOT

This isn't a niche issue. It affects every truck, every warehouse, every day.

Why It Happens

Goods move onto trailers two ways. The difference is egregious.

6-24+ Hours
~1 Hour

① Live Loading

  • Most common method - used by over two-thirds of shippers in the industry
  • Appointment based - driver waits for the appointment and for goods transfer
  • Wasteful by design - for schedule integrity

② Drop & Hook

  • Warehouse loads at their leisure - at the time that works best for their operation
  • Driver swaps trailers - rolling again in 30 minutes
  • Proven for decades - maximum efficiency
  • But limited to under one-third of the market
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.

The Founder
Blake Lappan

In 22 years of industry service, I've experienced every side of this problem.

  • Started as a driver - experienced the detrimental results of this dozens of times per year, missing key life events
  • Then as a fleet owner - watched it rob us of opportunity costs, often totaling half the day's revenue or more
  • Worked with hundreds of shippers - learning details of their operations, trying to optimize our fleet with their shipments

NoDwell was designed from this experience.

Phase I Solution · The Democratized Yard Truck

A shared yard spotter for unserved shippers at a net negative cost.

Net negative cost: the shipper pays less for NoDwell coverage than they currently or would spend having their own drivers handle yard moves during dock wait times.

NoDwell shares a yard truck across 2-5 neighboring facilities on a democratized contract, directly connecting to shippers' internal systems for ease of use, organizing jobs like a ride share.

Facility Needs
Dock moves, trailer staging, container shuffling
Democratized Contract
Scheduled blocks or on-demand like a ride share
Shared Spotter
Rotates between 2-5 contracted clients
Profitable for All
Facility pays fraction · Truck stays busy
$650K
NoDwell site revenue (concept site)
$125K
Margin per site at scale
$2.4M
NoDwell total gross revenue today

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

12-Month Projection

5 sites → $650K gross revenue

Phase II Solution · The Democratized City Truck

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

Two modes. Same truck. Same network. Same direct platform connection. Same organization of jobs, rideshare style.

Proactive: Drop and Swap

NoDwell offers a city truck for the time it takes to load or unload the carrier's trailer and stages it. Driver arrives, drops inbound, hooks outbound, keeps driving - zero wait. The drop-and-hook experience democratized for everyone.

Pre-Loaded
Drop & Hook
Keeps Driving

Reactive: Exception Management

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

Driver Stuck
NoDwell Dispatched
Driver Free
Projected Unit Economics
$350
Per job
× 5
Jobs per truck per day
= $350
NoDwell gross/truck/day at 20%
Actual 2025
$41K
Gross at ~45% utilization · Zero advertising spend
12-Month Projection
$440K
5 trucks · Full city coverage · $350/day NoDwell gross each

Concept operating and producing revenue today through Spot On Logistics. The economics are self-evident.

Phase III Solution · Transfer Yards & Autonomous Relay Points

Our software guides autonomous yard trucks site to site from the data we create.

The yards we already operate from services 1 & 2 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 & 2 build the physical yard network
Tech Arrives
Autonomous partners plug into our existing locations
Margins Expand
Remove driver cost, keep the network revenue

NoDwell. Same thesis, same opportunity. Uber would be our Amazon.

Long-Term Projection

10+ metro network - autonomous-ready infrastructure

The Full Picture

Three services. One network.

All feed the same density moat and grease the supply chain efficiency flywheel via democratized contracts or platform use as needed.

Yard Truck
Phase 1 · Revenue Today
$290K concept revenue through Spot On → $650K projected at 5 sites
City Truck
Phase 2 · Revenue Today
$41K at ~45% utilization → $440K projected with 5 trucks
Autonomous Yards
Phase 3 · Future
Autonomous-ready yard network - margin expansion as driver cost removed

Each phase builds density. Each compounds the moat. The network is the product.

The Density Play

In each metro, density is the moat.

Whoever saturates the industrial clusters first becomes the default. The network effect compounds.

Market Entry
1-3
Trucks per Metro
Revenue from day one through Spot On · Proving demand · Zero CapEx for shippers
Contract Density
4-8
Trucks per Metro
Multi-client subscription groups · Predictable revenue · Margin protection kicks in
Network Lock-in
10+
Trucks per Metro
Transfer yard economics · Acquirer-ready density · Autonomous integration

The boring infrastructure play - except it compounds.

KC First
Home market - 15 yrs of facility relationships, zero cold start
10 Metros
5-year target - 125 asset partners, $14M revenue, $7M EBITDA
Win the City
Protect the margin. Then expand.
The Competition

Everyone optimizes around the problem.
We remove it.

Digital Freight
Uber Freight, Convoy, Loadsmart - match linehaul capacity, but don't serve the local execution gap
Why they can't: No physical assets in the field. They're software matching engines - they don't operate trucks.
YMS & Scheduling
Kaleris, FourKites - manage congestion, but the truck still waits
Why they can't: Software-only. They optimize the queue but don't eliminate it. No trucks, no drivers, no yard operations.
Asset-Heavy Yards
Lazer, YMX - effective, but exclusive contracts, dedicated equipment, high volume required
Why they can't: Economics don't work for the long tail. They need 20+ moves/day at one facility. Two-thirds of the market doesn't qualify.

NoDwell serves the over two-thirds none of them can reach - and all of them are potential acquirers.

Both Lazer Logistics (700+ locations) and YMX are already calling about our yard services through Spot On.

Built for the AI Era

AI has changed SaaS forever.
That's ok with us.

AI can replicate code. It can't replicate trucks on the ground.

80%+
less dev CapEx vs. traditional SaaS
SaaS+
software + physical network = defensible moat
Low
admin overhead - automation-first ops

AI Builds It Faster

  • Platform at a fraction of traditional cost - on-premise NVIDIA DGX Spark, no cloud dependency
  • Every truck generates data that positions us for autonomous partnerships

AI Can't Replace It

  • Physical truck network and 15 years of facility relationships
  • First-mover density - whoever saturates the clusters first, wins

EV-ready by design - all operations within ~75 miles of metro chargers.

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
  • Implemented yard management for several enterprise companies
CTO & Co-Founder

Amol Mehta

  • Former Founder & Director of Development at Bunjii
  • Built an Uber for pickup trucks that pivoted to small parcel delivery vans
  • Deep expertise in marketplace platform architecture
Operations
Austin Boerckel
11 years with Spot On
Director of Business Development
Tim Utzinger
1 year with NoDwell · 22 years in the industry
Site Leads
Mike Jackson
15 years in the industry

Advisory Board

Rob Haddock
42 years at Coca-Cola, 7 years running North America Logistics
Erik Malin
Co-founded Baton (acquired by Ryder, 2022)
Chris Atkinson
Founder & CEO, Class8 (formerly FleetOps)
Mike Saxton
Founding team, Orange EV (leading electric terminal trucks)
Randy Mullet
Former C-Suite, Conway (XPO)
Jay Deevers
Owner, Bestway International
The Raise
$54M

Series A - 90% Verbally Committed - In Due Diligence

$48M
Lead investor verbally committed, in due diligence
250
Trucks deployed by Year 3
20%+
Target EBITDA margin at scale
Fleet + Real Estate
Capital is backed by hard assets
Tech + Team
Platform build, CTO, engineering, ops leadership
$6M Open
Remaining allocation for strategic and angel investors

Felt it as a driver. Paid for it as an owner.
Experienced processes across hundreds of shippers.

Conceptualized NoDwell to fix the root cause for everyone.

Immediate Opportunity

$1M Bridge Into the Series A

We need to hire our engineering team and key leaders NOW so we are deployment-ready when the $54M closes. Bridge investors get early access at the best terms.

$1M
Convertible note - converts at Series A close
20%
Discount to Series A price
12 Mo
Maturity - converts or repays

Use of Bridge Funds

  • $450K - CTO + 3 senior developers (3 months)
  • $350K - Operations and business development leads
  • $200K - Overhead, admin, legal

What Bridge Delivers

  • Platform MVP ready at close
  • Key leadership locked in
  • Truck deployment month 1 post-close

Less than 2% of the $54M round. Best terms available to any investor.

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