CargoBeamer Secures 140 Million Euro in Investment Capital

CargoBeamer, the Leipzig-based logistics company, has secured commitments totaling 140 million euros from public and private investors in its Series B financing round. Of this, 90 million euros come from the German Federal Railway Authority and the Swiss Federal Office of Transport for new terminal constructions in Germany and Italy.

The funds will be used to build innovative terminals in Kaldenkirchen, Germany, and Domodossola, Italy, enhancing CargoBeamer's capacity for handling semi-trailers. An additional 50 million euros were secured from private investors led by Nordwind Ventures.

Dr. Markus Fischer, CFO of CargoBeamer, highlights the financial and strategic support from investors. CEO Nicolas Albrecht underscores the public funds as validation of CargoBeamer's technology, which significantly contributes to shifting freight transport from road to rail.

Plans for the next decade include 18 terminals and up to 50 routes across Europe. This expansion is crucial for reducing CO2 emissions, with rail transport saving up to 85% CO2 compared to road transport. The company’s core transport volume recently grew by 39%, despite a market contraction.

Dr. Hans Albrecht emphasizes CargoBeamer's role in transitioning freight transport and its economic potential amidst the push for CO2 reduction in Europe.