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€17.8m

Valuation: €145m

Series A
Total Funding000k

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More about Fernride
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FERNRIDE is a pioneering startup that operates in the autonomous, electric trucking industry. The company offers a platform that facilitates the transition to automation in the trucking sector. It provides a service that combines human-assisted driving with autonomous technology, ensuring safety and reliability while also increasing profit margins by reducing the need for human drivers.

FERNRIDE's business model is based on a 'Transportation as a Service' (TaaS) approach. This means they offer a complete package to make operations driverless, including providing the right electric truck for the job, equipped with their teleoperation vehicle kit. This kit enables the seamless integration of driverless trucks into existing logistics processes, ensuring service reliability and top performance at all times.

The company's target market includes logistics companies and Original Equipment Manufacturers (OEMs), with whom they partner to provide sustainable trucking solutions. The platform is designed to be flexible and adaptable, capable of evolving from remote to autonomous driving for any vehicle type and use case. This turn-key solution offers logistics customers the flexibility of an "as-a-Service" model, making it easy to integrate into their operations.

FERNRIDE generates revenue by charging for its TaaS. This includes the provision of autonomous, electric trucks, the teleoperation vehicle kit, and the integration service. The company's focus on safety, zero-emissions, and future-proof technology positions it as a leader in the sustainable logistics sector.

Keywords: Autonomous Trucking, Electric Vehicles, Logistics Automation, Transportation as a Service, Original Equipment Manufacturers, Teleoperation Vehicle Kit, Sustainable Logistics, Future-Proof Technology, Human-Assisted Driving, Service Reliability.

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