Fernride, a Germany-based autonomous, electric trucking company, secured $31 million in Series A funding. Investors like 10x Founders, Promus Ventures, Fly Ventures, Speedinvest, and Push Ventures, alongside corporate backers such as HHLA Next, DB Schenker via Schenker Ventures, and Krone, participated in the funding round. The capital infusion will enable Fernride to accelerate the transition to automated and sustainable logistics, expand operations globally, and advance its human-assisted autonomy technology. Fernride offers scalable automation solutions for yard trucking, prioritizing productivity, sustainability, and worker safety. The company's approach integrates remote takeovers of electric trucks, ensuring reliable operations for logistics operators. Key customers include Volkswagen, HHLA, DB Schenker, and BSH.
Summary: Munich-based Fernride has raised $31 million in Series A funding from notable investors, including 10x Founders and Promus Ventures. The company specializes in autonomous electric trucking and focuses on scaling operations globally while advancing its human-assisted autonomy technology. Fernride aims to provide efficient and sustainable logistics solutions, prioritizing worker safety. Notable clients of Fernride include Volkswagen, HHLA, DB Schenker, and BSH.