Founded in 2018 by Luis Bardají, Gabor Balogh and Ramón Castro, Trucksters claims its service reduces long-distance road transit time by up to 50% by allowing trucks to be continuously on the move through relays.
Today the company is managing four logistics corridors from Spain to Western and Eastern Europe and the UK. Through the corridors, Trucksters has fixed relay points where a truck exchanges its semi-trailer with another truck, avoiding stops and enabling the driver to come back home.
Commenting on the investment, Martin Witt, President of Volvo Group Venture Capital, said:
“The company Trucksters is using advanced algorithms and AI to manage long-haul relay transportation through Europe providing faster, safer and more sustainable transports. We are impressed by what Trucksters have accomplished and see that Volvo Group can add considerable strategic value to the development of their business. With a growing need for freight transportation, relay systems can provide a solid structure for electrification of long-haul transportation as well as for autonomous solutions in the future.”
Luis Bardají, CEO of Trucksters, added:
“The investment from Volvo Group Venture Capital as a great milestone for Trucksters. We share many core values such as safety, driver focus, sustainability and electrification are delighted to be able to start this new phase together. Our collaboration will allow us to implement technological advances that will improve safety in freight transport and, at the same time, encourage the adoption of electric trucks for a more sustainable industry.”
Volvo Group adds that the transaction has no significant impact on its earnings or financial position.