CloudTrucks enhances Road to Independence venture, introducing FleetFirst Leasing partnership

CloudTrucks, a San Francisco-based technology company that helps professional drivers run more profitable businesses, has announced the expansion of its support network through the addition of FleetFirst Leasing LLC. This new lease-to-own provider is designed to provide a transparent, straightforward path for drivers to build their own trucking businesses.

The Road to Independence program, launched by CloudTrucks, now has a wider support network due to the expansion. FleetFirst Leasing LLC operates within the broader CloudTrucks ecosystem, ensuring stability while focusing solely on lease-to-own solutions.

FleetFirst aims to create fairer and more accessible ownership opportunities for drivers. The new leasing provider, named "FlexLease," was officially launched in April 2024. Pathway Leasing will manage leases and offer ongoing driver support for FleetFirst drivers.

Tobenna Arodiogbu, CEO of CloudTrucks, stated that the goal of FleetFirst is to give drivers a fair, achievable way to become true owner-operators and build long-term success on their own terms.

Partnerships for Equipment and Financial Services

By combining technology, financial services, and equipment access, CloudTrucks is building a stronger infrastructure to help drivers make the leap from employee to entrepreneur. FleetFirst drivers will benefit from partnerships with Rush Truck Centers for equipment. HEC Leasing, a founding partner in CloudTrucks' Road to Independence program, offers late-model tractors, in-house financing, and same-day credit approval to help drivers get into reliable equipment quickly and start earning from day one.

Mandy Morris, CPA, President of HEC Leasing, stated they are proud to continue their partnership with CloudTrucks through the Road to Independence program.

Bridging the Gap between Company Drivers and Ownership

FleetFirst Leasing LLC is designed as a bridge for company drivers transitioning into ownership without facing significant financial barriers. The services provided by FleetFirst are designed to ensure that drivers gain access to reliable trucks and receive continued assistance for their operations.

In summary, the addition of FleetFirst Leasing LLC to the CloudTrucks ecosystem signifies a more complete ecosystem designed to lower barriers to ownership and empower drivers to chart their own futures. The partnership between CloudTrucks and FleetFirst is set to provide professional drivers with the tools they need to succeed as owner-operators.

CloudTrucks enhances Road to Independence venture, introducing FleetFirst Leasing partnership