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TruckX Scales from $2M to $16M ARR: How Phi Consulting Engineered a FreightTech Sales Transformation

Haris Burney
March 25, 2025
5 min read
TruckX Scales from $2M to $16M ARR: How Phi Consulting Engineered a FreightTech Sales Transformation

TruckX, a fast-growing IoT platform for transportation, provides ELD compliance, telematics, and dashcam solutions to OTR trucking fleets across the U.S. While the product offered strong value, TruckX was hitting a ceiling. Growth had stalled at $2M ARR due to two persistent bottlenecks: a narrow customer base and the absence of a scalable sales engine.

That’s where Phi Consulting stepped in.

The Growth Bottleneck: Product-Market Fit, No Sales Infrastructure

TruckX had validated demand, but lacked the structure to scale. Their user base was largely homogenous, concentrated within a small segment of fleet owners. Without a dedicated sales team or a repeatable go-to-market process, expansion into adjacent customer segments was slow, and revenue growth had plateaued.

TruckX didn’t need more leads. They needed a system to convert them.

Phi's Approach: Building a Freight-Savvy GTM Engine from the Ground Up

Phi Consulting embedded itself inside TruckX’s commercial function, acting not just as an advisor but as an execution partner. The engagement started with a GTM audit to uncover inefficiencies across customer acquisition, sales operations, and team capability. Key gaps included:

  • No outbound motion

  • Unstructured lead qualification

  • Inconsistent follow-ups and pipeline management

  • No sales playbooks or ICP-specific messaging

Phi deployed a plug-and-play SDR pod, designed for the FreightTech industry, fully equipped with battle-tested scripts, workflows, and outreach strategies tailored to the OTR trucking segment.

Execution at Speed: From First SDR Hire to Scalable Sales Function

In just 12 months, Phi helped TruckX:

  • Build and train a Freight-specialized GTM team

  • Establish a full-funnel outbound sales motion

  • Launch multi-threaded outreach across diverse fleet segments

  • Create vertical-specific messaging and product positioning

  • Set up live reporting, sales ops workflows, and performance dashboards

By owning execution and iterating fast, Phi turned TruckX’s sales function from a bottleneck into a growth engine.

The Result: 8X Revenue Growth in 12 Months

With Phi’s support, TruckX scaled from $2M to $16M ARR in just one year.

  • Outbound became a primary revenue channel

  • Customer base diversified across multiple fleet sizes and regions

  • Close rates improved, and CAC dropped significantly

What started as a consulting engagement evolved into a high-performance GTM partnership—with Phi operating as an extension of TruckX’s commercial team.

TruckX’s Leadership on Working with Phi

“We didn’t just get a consultancy—we got a full-stack GTM execution partner. Phi helped us scale faster, sell smarter, and own our niche in the FreightTech space.” — Tapan Chaudhari, CEO TruckX 

Ready to Scale Like TruckX?

Whether you're looking to build your first outbound team or scale a proven GTM model, Phi Consulting helps FreightTech startups turn sales friction into growth velocity. Reach out today to see how we can help you go from traction to domination.

Haris Burney

Haris Burney

I'm the Partnerships & Commercial Lead at Phi Consulting, where I help B2B startups engineer revenue—not chase it. With a background in tech and a mind wired for systems, I build go-to-market engines that align inbound, outbound, and automation into one predictable growth motion.

At Phi, I work closely with founders and sales leaders to design cold outreach systems that cut through noise, and inbound funnels that compound over time. The goal is simple: shorter sales cycles, lower CAC, and scalable revenue.

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