Veho Technologies, which aims to replace large delivery trucks with a platform that enables anyone to deliver packages in his or her car, takes home $75,000 as the winner of the Harvard Business School New Venture Competition. The company finished 1st out of 63 teams in the Student Business Track, which took place over the month of April, and culminated in the Grand Finale earlier today in front of a crowd of 1000. Veho plans to invest the cash prize in its technology development and growth of its platform.

Hosted every year by the Arthur Rock Center for Entrepreneurship, The Harvard Business School New Venture Competition is HBS’s most prestigious business and startup competition. Past winners and runner-ups include highly successful ventures such as Cloudflare (the Web performance and security company), Grab (the Asian ride-sharing and logistics technology company) and BirchBox (the online monthly subscription service for beauty products).