Munich, Germany \u2014 FERNRIDE, a pionee\u00adring German company in the field of auto\u00adno\u00admous and elec\u00adtric trucks, announ\u00adced the successful closing of a Series A finan\u00adcing round, raising a total of $31 million. These funds will be used to acce\u00adle\u00adrate the tran\u00adsi\u00adtion to auto\u00adma\u00adted and sustainable logistics.<\/p>\n
FERNRIDE is funded by venture capi\u00adtal inves\u00adtors 10x Foun\u00adders, Promus Ventures, Fly Ventures, Speed\u00adin\u00advest<\/strong> and Push Vent <\/strong>ures as well as corpo\u00adrate venture capi\u00adtal inves\u00adtors HHLA Next, DB Schen\u00adker via Schen\u00adker Ventures <\/strong>and Krone<\/strong>. Inves\u00adtors have confi\u00addence in FERN\u00adRI\u00adDE\u2019s vision and confirm the urgency for the indus\u00adtry to trans\u00adform and address its chal\u00adlenges. The company combi\u00adnes a decade of rese\u00adarch with indus\u00adtry exper\u00adtise from auto\u00admo\u00adtive and auto\u00adno\u00admous driving leaders. Former senior execu\u00adti\u00adves from BMW, MAN, Mobi\u00adleye and Argo.AI are part of the team. The company\u2019s goal is to become the global leader in auto\u00adno\u00admous elec\u00adtric trucks within five years.<\/p>\n \u201cAs we profoundly change the way the logi\u00adstics indus\u00adtry opera\u00adtes, it is criti\u00adcal to part\u00adner with some of the indus\u00adtry\u2019s leading play\u00aders. The stra\u00adte\u00adgic invest\u00adments going into our Series A will help acce\u00adle\u00adrate this trans\u00adfor\u00adma\u00adtion,\u201d said Hendrik Kramer, CEO and Co-Foun\u00adder of FERNRIDE<\/strong>.<\/p>\n FERNRIDE is at the fore\u00adfront of human-machine inter\u00adac\u00adtion tech\u00adno\u00adlogy deve\u00adlo\u00adp\u00adment here. The company\u2019s unique approach has alre\u00adady won the trust of leading indus\u00adtrial groups such as Volks\u00adwa\u00adgen, DB Schen\u00adker, BSH and HHLA. Over the past twelve months, the company has inte\u00adgra\u00adted self-driving trucks into their busi\u00adness proces\u00adses. FERNRIDE is using the latest funding to expand its inter\u00adna\u00adtio\u00adnal colla\u00adbo\u00adra\u00adtion with exis\u00adting and new custo\u00admers and to further deve\u00adlop its \u201chuman-assis\u00adted auto\u00adnomy\u201d technology.<\/p>\n M\u200dshortage of truck drivers<\/strong><\/p>\n Although auto\u00adno\u00admous driving as a concept is not new to the logi\u00adstics indus\u00adtry, this is the first time a company has mana\u00adged to bring the tech\u00adno\u00adlogy into opera\u00adtio\u00adnal use as a working solu\u00adtion for custo\u00admers. The biggest chal\u00adlenges in the logi\u00adstics indus\u00adtry today are the extreme shortage of truck drivers, rising CO2 emis\u00adsi\u00adons and low profit margins. These problems are alre\u00adady having a signi\u00adfi\u00adcant impact on society and are predic\u00adted to conti\u00adnue to grow. For exam\u00adple, the current shortage of 400,000 truck drivers in Europe alone is expec\u00adted to increase to 2,000,000 truck drivers by 2026. Auto\u00adno\u00admous driving seems to offer a solu\u00adtion to many of these problems. Howe\u00adver, previous attempts to successfully, econo\u00admic\u00adally deploy such auto\u00adno\u00admous concepts failed.\u200d<\/p>\n FERN\u00adRI\u00adDE\u2019s unique approach addres\u00adses these indus\u00adtry-speci\u00adfic chal\u00adlenges for its custo\u00admers today, enab\u00adling the bene\u00adfits and relia\u00adble opera\u00adtion of driver\u00adless trucks from day one of inte\u00adgra\u00adtion. The company has deve\u00adlo\u00adped an end-to-end solu\u00adtion that can be seam\u00adlessly inte\u00adgra\u00adted into running opera\u00adti\u00adons without caus\u00ading disrup\u00adtion or downtime.<\/p>\n \u201cOur custo\u00admers bene\u00adfit from our \u201chuman-assis\u00adted auto\u00adnomy\u201d approach from the begin\u00adning of our colla\u00adbo\u00adra\u00adtion,\u201d says Hendrik Kramer, CEO and Co-Foun\u00adder of FERNRIDE. \u201cOur current custo\u00admers operate more than 1,000 trucks in yard and port logi\u00adstics in Europe alone, so it is important to offer an easily scalable solu\u00adtion. With FERNRIDE, we can do just that, because with our \u201chuman-assis\u00adted auto\u00adnomy\u201d approach, we can alre\u00adady offer a working, relia\u00adble solu\u00adtion today.\u201d\u200d\u200d<\/p>\n Trucks in yard and port logi\u00adstics repre\u00adsent a $25 billion market in Europe and North America and are just the start\u00ading point for the trans\u00adfor\u00adma\u00adtion of the truck\u00ading industry.<\/p>\n About FERNRIDE<\/strong><\/p>\n FERNRIDE offers scalable auto\u00adma\u00adtion solu\u00adti\u00adons for trucks in yard and port logi\u00adstics. These solu\u00adti\u00adons increase produc\u00adti\u00advity, promote sustaina\u00adbi\u00adlity and improve employee safety within the logi\u00adstics indus\u00adtry. The company is pursuing the tech\u00adno\u00adlo\u00adgi\u00adcal approach of \u201chuman-assis\u00adted auto\u00adnomy,\u201d which enables remote take\u00adover of auto\u00adno\u00admous elec\u00adtric trucks. This ensu\u00adres seam\u00adless inte\u00adgra\u00adtion and relia\u00adble opera\u00adtion of auto\u00adno\u00admous trucks for logi\u00adstics compa\u00adnies. FERN\u00adRI\u00adDE\u2019s inno\u00adva\u00adtive tech\u00adno\u00adlogy is based on more than ten years of scien\u00adti\u00adfic rese\u00adarch. FERNRIDE uses these with well-known custo\u00admers \u2014 inclu\u00adding Volks\u00adwa\u00adgen, HHLA, DB Schen\u00adker and BSH \u2014 to tackle the indus\u00adtry\u2019s major chal\u00adlenges, such as the shortage of drivers and the logi\u00adstics sector\u2019s nega\u00adtive envi\u00adron\u00admen\u00adtal foot\u00adprint. The company was foun\u00added by Hendrik Kramer, Maxi\u00admi\u00adlian Fisser <\/strong>and Jean-Michael Georg<\/strong> and today employs over 120 people at its sites in Munich and Wolfs\u00adburg. www.fernride.com<\/p>\n \u200d<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Munich, Germany \u2014 FERNRIDE, a pionee\u00adring German company in the field of auto\u00adno\u00admous and elec\u00adtric trucks, announ\u00adced the successful closing of a Series A finan\u00adcing round, raising a total of $31 million. These funds will be used to acce\u00adle\u00adrate the tran\u00adsi\u00adtion to auto\u00adma\u00adted and sustainable logi\u00adstics. FERNRIDE is funded by venture capi\u00adtal inves\u00adtors 10x Founders, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48746,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1369,1373],"tags":[],"class_list":["post-48748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors","category-venture-capital-en"],"yoast_head":"\n