Nuvocargo, a startup that digitizes cross-border transportation, believes that the Mexico-US border will be the most important trade route.

Deepak Chhugani sees himself as a product of logistics: born in India, raised in Ecuador, lived in Mexico, and now residing in the United States. Cross-border movement is part of his DNA, and perhaps this was the reason why –after years and having gone through the famous Silicon Valley accelerator, Y Combinator– he founded Nuvocargo in 2019, a startup that digitizes the cross-border transportation industry between Mexico and the United States.

"At Nuvocargo, we started with a simple thesis," Deepak begins in an exclusive interview with Forbes Mexico, to introduce more technology into the logistical process, which –this economist paraphrases geopolitical strategist Peter Zeihan– will be the most important border for the rest of our lives: the Mexico-US border, those 3,152 kilometers of border line through which between 650 and 800 billion dollars in goods cross annually.

The way Deepak Chhugani says "we started with a simple thesis," might make it seem that Nuvocargo's work is "minor," but the level of investors behind this startup indicates otherwise: Tiger Global, David Vélez (founder and CEO of Nubank), or Federico Ranero (COO of the Mexican unicorn Kavak), among others. To date, Nuvocargo has raised 38 million dollars in investment, reaching a valuation of 180 million dollars.

‍

‍
‍
Read the news directly from Forbes México.

‍