Munich-based autonomous trucking startup Fernride has closed a further $19mn in its Series A funding round, neatly pushing the total amount raised in the round to $50mn. Founded in 2019, Fernride has developed autonomous vehicle software that converts trucks into self-driving machines. These haulers operate at Level 4 autonomy which means the vehicle can drive itself within a specific area — albeit with a bit of supervision from a remote driver. There is a current shortage of 400,000 truck drivers in Europe — a figure projected to increase to two million by 2026. Despite autonomous driving being a potential solution…
Read Entire Article
