Full-stack commercial vehicle platform 91Trucks has secured $5 million (about ₹41.7 crore) in Series A funding. The round was led by Arkam Ventures, with support from Titan Capital Winners Fund, Sparrow Capital, and Atrium Angels. This fresh capital will power the company’s ambitious growth plans across India’s booming logistics sector.
What is 91Trucks?
Founded in 2022 by Siddharth Sharma, Vikas Sharma, and Abhishek Gautam, 91Trucks is a Gurugram-based startup offering a unique “phygital” (physical plus digital) platform. The company’s core focus is on small fleet owners and first-time buyers of commercial vehicles. It provides a seamless experience for discovering, financing, and purchasing used commercial vehicles, along with post-purchase services like insurance, fitness checks, RTO transfers, and affordable service infrastructure.
91Trucks aims to organise India’s fragmented used commercial vehicle market, which is dominated by small operators and driver-owners moving 80% of India’s goods. The platform’s end-to-end approach removes pain points around trust, transparency, and access to financing.
Funding to Drive Expansion and Innovation
With this new funding, 91Trucks plans to:
- Expand its technology and product suite, with a special focus on AI-driven solutions
- Grow its team to support rapid scaling
- Strengthen its offline presence by opening over 20 new retail stores, primarily in Tier 2 and Tier 3 cities
Currently, the company operates seven stores across Delhi, Gurgaon, Faridabad, Meerut, and Jaipur. New locations are planned in Hyderabad, Bengaluru, Bhubaneswar, and the Northeast.
Rapid Growth and Ambitious Targets
In just two years, 91Trucks has grown its revenue eightfold. The company now targets annual sales of 10,000 commercial vehicles within the next three years. Its omnichannel model-combining digital convenience with physical touchpoints resonated with buyers seeking reliability and support in the used truck market.
Industry Impact and Investor Confidence
India’s logistics sector is on the cusp of massive growth, with the economy projected to reach $8 trillion within a decade. Efficient last-mile delivery and reliable vehicle access are crucial for this expansion. Investors believe 91Trucks is well-positioned to bridge gaps in the market.
The team’s ability to blend technology with offline retail brings efficiency and trust to a traditionally unorganised sector. The founders’ deep understanding of the industry’s pain points and their tech-first approach are key strengths.
The Road Ahead
91Trucks’ vision is to become India’s go-to platform for commercial vehicle needs, offering a one-stop shop for buying, financing, and maintaining trucks and other CVs. The company is also expanding into related segments like tractors and construction equipment through specialised platforms.