Fernride develops a human-assisted autonomous control system for trucks. Founded in 2019, its customers include Company 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 this kind that has made it into operational use by the customer.
Fernride is financed by venture capitalists 10x Founders, Promus Ventures, Fly Ventures, Speedinvest and Push Ventures as well as HHLA Next, DB Schenker and Krone.
Fernride aims to disrupt the $25 billion market
Hendrik Kramer, CEO and Co-Founder of Fernride, says:
"Our current customers operate more than 1,000 trucks in yard and port logistics in Europe alone, so it's important to offer an easily scalable solution. With Fernride, we can do just 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:
"As we fundamentally transform the way the logistics industry operates, it's critical to partner with some of the industry's leading players. The strategic investments flowing into our Series A will help accelerate this transformation."
According to company figures, the market for trucks in yard and port logistics in Europe and North America alone is worth $25 billion.
