Photo credits @ Fernride

Germany-based autonomous trucking company raises $50M funding

Fernride, a Germany-based autonomous trucking innovator, has raised $50M in Series A funding, led by Deep Tech and Climate Fonds (DTCF), a $1BN venture fund financed via Germany’s “Future Fonds” and the ERP special fund. The funding will be used to accelerate Fernride’s growth and position as a leader in autonomous, electric trucking.

You can read this article in 1 minute

Fernride’s human-assisted approach to autonomy addresses major industry challenges in logistics and bolsters the economic viability of the solution, unlocking the benefits and reliable service of driverless operations for their customers from day one. This approach has already won the company partnerships with leading industry players such as Volkswagen, DB Schenker, and HHLA.

“By starting with teleoperations that initially keeps a human in the loop, we believe Fernride’s step-by-step approach is the optimal path towards building fully autonomous capabilities,” shared Timur Davis, Director at Munich Re Ventures.

This substantial influx of capital will be channeled into amplifying the company’s position as a category leader in autonomous trucking that promotes sustainability, increases productivity, and improves worker safety.