SHAED, a startup mobility platform for the commercial vehicle sector focused on alternatives to traditional transportation, has launched its first marketplace product with the help of $5.7 million in seed funding.

SHAED, which stands for Shared, Hydrogen, Autonomous, Electric and Distribution, has been funded by a seed preferred round led by EnerTech Capital, along with Powerhouse Ventures, Pritchard Companies CEO Joe Pritchard and two undisclosed corporate strategic partners.

In a news release, the company said its goal is to “redefine the way we think about sustainable transportation through education, the digitization of legacy processes and AI-driven recommendation engines.”

The new marketplace is designed to connect “all stakeholders and stages within the lifecycle of commercial vehicles, seamlessly integrating the physical, technological and operational aspects of mobility.”

The company said the marketplace “fosters engagement among all stakeholders in a standardized, collaborative environment, simplifying the successful deployment of EVs at scale.”

SHAED said is the first product of the company’s road map for its platform, which includes:

  • The entire vehicle lifecycle from concept through manufacturing, charging and support services and from acquisition to disposition.
  • Software and tools, including digitization of legacy processes, infusing artificial intelligence into workflows, streamlining operations and enabling automation.
  • Helping businesses transition to sustainable solutions.