Fernride raises $31M in Series A fundingSun 9th Jul, 2023Fernride, a local and leading German autonomous, electric trucking company, has secured $31 million in Series A funding to accelerate the transition towards automated and sustainable logistics by creating the world's leading human-machine collaboration technology. The major challenges in the logistics industry today are the extreme truck driver shortage, growing CO2 emissions, and tight profit margins. The company's ambition is to become the global leader in autonomous trucking within the next five years. "As we are deeply transforming how the logistics industry is operating, it is crucial to partner with some of the industry's leading players. Yard trucking represents a $25 billion market in Europe and North America and is only the starting point for transforming the trucking industry.

Source: The Munich Eye July 09, 2023 22:58 UTC