Brazilian logistics startup PX has raised $46.9 million in a new round led by international investor Bicycle Capital. The deal lifts the company’s total fundraising to $58.2 million over the past 12 months, which the company says is the highest in Brazil’s transport sector this year. PX operates the Motorista PX platform, which connects professional drivers and loading assistants to large logistics operations nationwide.
Funding and Strategy
PX will use the fresh capital to strengthen its technology stack and cut operational fees for clients. Management says the goal is to make the Motorista PX model up to 50 percent more cost effective versus traditional contracting, building on prior savings of 20 to 30 percent. The company’s previous round included backing from Monashees and Caravela, reflecting growing institutional confidence in its approach.
Business Model and Market Impact
Motorista PX promotes a shift from fixed to variable costs for shippers, allowing companies to pay only when demand requires capacity. The structure is positioned as legally robust and fiscally efficient, removing the burden of maintaining a permanent workforce during lulls. PX argues this model improves margins and unlocks dedicated fleet arrangements for customers seeking consistent performance.
Technology and Safety Ecosystem
Two pillars support the platform’s operations, Radar PX and Academia PX. Radar PX functions as a risk manager certified by FenSeg, which the company says cut accident rates by about 50 percent and achieved 19 months without records of misappropriation. Academia PX trains and certifies professionals on the platform, aiming to raise standards of safety, transparency, and operational efficiency across the logistics chain.
Scale and Customer Adoption
Founded in 2019 in Joinville, Santa Catarina, PX reports more than 300,000 registered drivers, including 16,000 qualified professionals and roughly 7,000 who work on the platform each month. The company says many clients now use PX for dedicated fleets, with some managing more than 500 vehicles through its system. This level of adoption supports PX’s claim that it has evolved from a tactical alternative to a strategic operating partner.
Leadership and Vision
CEO and founder André Oliveira frames the mission as giving operators a high-performance option that improves margins while expanding opportunity for drivers. Cofounder and legal director Djefrei Pasch emphasizes elevating drivers to a central role in Brazil’s logistics economy through a secure and compliant framework. Partner and growth director Thiago Alam describes a plan to restore pride in the profession by pairing better training with technology that rewards excellence.
International Expansion
PX is preparing to expand internationally and plans to open its first U.S. unit in 2026. The company casts this move as a milestone for a domestically built logistics solution that now aims for global relevance. Management sees the model’s cost flexibility, safety stack, and certified training as exportable advantages in competitive markets.
The $46.9 million raise positions PX to accelerate product development, reduce fees, and deepen its role in Brazil’s logistics workflows. With a large driver base, a maturing risk and training ecosystem, and growing institutional backing, the company is pressing its cost and safety narrative hard. If execution matches ambition, the Motorista PX model could shape both domestic operations and PX’s planned entry into the United States in 2026.
Source: Exame