Photo: CargoBeamer press materials

CargoBeamer nets €140m in investment capital

CargoBeamer has announced it has received commitments totalling 140 million Euro from public and private investors as part of its current Series B financing round.

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In a press release, the company said that the funds will be used to expand two highly innovative terminals for handling all types of semi-trailers in Kaldenkirchen (Germany) and Domodossola (Italy) near Milan.

CargoBeamer adds that besides private investors, the investors also come from the public sector, including the German Federal Railway Authority and the Swiss Federal Office of Transport.

Both institutions are contributing around 90 million Euro, which will be provided in funding commitments for the construction projects of two CargoBeamer terminals in Germany and Italy. The federal portion of around 40 million euros will benefit the Italian CargoBeamer-Terminal in Domodossola, a central hub for transalpine freight transport.

In addition, CargoBeamer has secured an additional 50 million Euro from private investors as part of Series B financing. The group of investors was led by the family office of the Albrecht family (Nordwind Ventures).

“The fact that public funds are now flowing into CargoBeamer on a large scale is ample proof of the importance of our technology – and yet another strong argument in the ongoing fundraising process”, said Nicolas Albrecht, CEO of CargoBeamer, commenting on the announcement.