Fernride develops human-assisted autonomous control for trucks. Customers of the company, founded in 2019, include Volkswagen, DB Schenker, BSH and HHLA. The startup aims to address the shortage of truck drivers, rising CO2 emissions, and low profit margins in the logistics industry with its solution. According to the company, it is the first solution of its kind to reach operational deployment with customers.
Fernride is funded by venture capital investors 10x Founders, Promus Ventures, Fly Ventures, Speedinvest and Push Ventures, as well as by the companies HHLA Next, DB Schenker and Krone.
Fernride aims to revolutionize the €25 billion market
Hendrik Kramer, CEO and co-founder of Fernride, says:
“Our current customers operate more than 1,000 trucks alone in Europe in yard and port logistics, which is why it is important to offer an easily scalable solution. With Fernride, we can do exactly that, because with our ‘human-assisted autonomy’ approach, we can already offer a functioning, reliable solution today.”
The company aims to become the global market leader in autonomous, electric trucks within five years. Kramer says:
“Since we are fundamentally transforming the way the logistics industry operates, it is crucial to work with some of the industry’s leading players. The strategic investments flowing into our Series A will help accelerate this transformation.”
According to the company, the market for trucks in yard and port logistics alone in Europe and North America comprises €25 billion.
