Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a business.  Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media, and others.

Accel

HV Capital is a Munich- and Berlin-based venture capital firm that supports founders in developing their internet companies. Since 2000 HV Capital, formerly HV Holtzbrinck Ventures, has invested in Internet and technology companies through various generations of funds and is one of the most successful and financially strongest early-stage and growth investors in Europe. HV Capital has already invested in around 200 companies, including Zalando, Delivery Hero, FlixMobility and SumUp. The total of all HV Funds amounts to €1.7 billion. The company supports startups with capital between €500,000 and €50 million. This makes HV Capital one of the few venture capitalists in Europe that can finance startups through all growth phases.

HV Capital

Project A is an early-stage venture capital firm, combining financial and operational support for technology companies. In addition to $1bn in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 100 experts from key areas such as software engineering, business intelligence, marketing, and recruiting. The portfolio includes companies such as Trade Republic, sennder, KRY, Catawiki, WorldRemit, Spryker, and Voi.

Project A Ventures

Scania has founded Scania Growth Capital for investments in high-growth companies with strategic relevance to its ecosystem of customers and partners in the automotive- and transport industries.  Scania Growth Capital invests in companies that support the shift towards a more sustainable transport system, and in ventures that may discover disrupting technologies and business models in the automotive and transport industries.  It also provides a platform where Scania can support capable entrepreneurs with a large ecosystem, as well as broad and deep industry knowledge, which will add great value to the portfolio companies.

Scania Growth Capital

Dynamo is a seed-stage supply chain and mobility fund that supports founding teams building market-defining companies. The firm focuses on pre-seed and seed-stage opportunities and invests only in enterprise business models. Dynamo Ventures was founded in 2016 and is based in Chattanooga, Tennessee, United States.

Dynamo

AA Sons focuses on raising venture capital for ambitious, fast-growing companies with a desire to 'make the world a better place' in retail, mobility, healthcare, care, fintech and broader tech sectors.

AA Sons

Flixfounders

Lakestar is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund.  The company has expanded and broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London. Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

Lakestar

H14 is an Italian family office and a qualified shareholder of Fininvest SpA that invests across several asset classes including Direct Investments in Venture and Growth Capital, Private Equity Funds, Hedge Funds, and broad Capital Markets. Its geographical scope is global, mainly focused on North America and Europe and opportunistically on Emerging Markets.

Next47 is a $1.2 billion independent, global venture firm backed by Siemens AG. We specialize in enterprise-focused businesses, make fast decisions and share deep conviction with the teams we invest in. We have the resources and the motivation to unleash maximum potential in every startup we work with. We leverage our own global footprint as well as the Siemens ecosystem that spans a broad set of industries across hundreds of countries and regions worldwide.

Next47

Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. With EUR 2 billion under management, eight IPOs and 30 trade sales, Earlybird is one of the most established and active venture capital firms in Europe.

Earlybird Venture Capital

GR Capital is a pan-European venture fund with a panoramic view. We combine broad perspective, deep analysis and clear focus. To back fast growth tech companies with proven teams, models and scalability. Across health, wealth, housing and mobility.  Our purpose is to power their growth through capital and connections. So they can expand their market, talent pool, operations and opportunities.

GR Capital

Perpetual Investors is a proprietary investment and consulting firm that provides solutions and services.

Perpetual Investors

CNP is a private investment firm investing in and supporting European sector-leading or emerging companies in their long-term development. It has a long history of direct investing across sectors and European listed and non-listed companies and fosters sustainable value creation from strategic, financial, and government stewardship. CNP is one of a group controlled by the Frère family. CNP is headquartered in Belgium with presence and a mandate across Europe

Compagnie Nationale à Portefeuille

Baillie Gifford is an independently owned investment management firm. It is owned and run by 39 of its senior executives, who operate as a partnership, a structure that has endured for over a century and provides stability for clients and motivation for employees. It enables them to manage the business for the future as well as the present, with an emphasis on genuine long-term thinking rather than lurching haplessly between short-term targets.

Baillie Gifford

FIEGE Group is one of the leading logistics providers in Europe and specializes in efficient solutions in contract logistics. Their Greven office is part of the FIEGE Group and was built in 1980 as the Group's headquarters. It also applies after the relocation of the head office to Münster / Osnabrück Airport as an important location of the group of companies.

FIEGE

ABACON CAPITAL is a family-owned investment firm focused on Sustainable Energy Transition, New Age Mobility, Deep Tech, and Real Estate. Over decades, our investment platform has expanded across all stages in public and private markets. We believe in co-elevating people, purpose, and profit for a prosperous society and planet.

ABACON CAPITAL

sennder

sennder is a digital road freight forwarder in continental Europe, linking large commercial shippers with small freight carriers. With its in-house-developed platform, sennder provides a new level of automation, transparency, and efficiency to the European €300 billion road freight market, which until now has been dependent on paper, phone, and fax and characterized by multi-layer subcontracting. sennder’s digital connection to over 10,000 vehicles in all segments allows for almost unlimited capacities, no matter what time of the day. sennder digitalizes the truckload-shipping ecosystem by providing mobile apps to drivers, fleet management tools to carrier managers, and logistics management solutions to shippers. Real-time booking, a designated contact person always on hand, as well as precise live tracking, bring full transparency to any logistics supply chain. By integrating directly with the shippers’ Transport Management and Freight Management Systems via APIs and by cutting the multiple middlemen, sennder increases efficiency and reduces cost for all stakeholders.

Based in Germany, Sennder offers an AI-powered platform called “SennOS” that connects commercial shippers with small freight carriers across 20+ countries in Europe. The company specializes in the full truckload (FTL) market and has a presence across Europe. Its “sennCONTROL” is a comprehensive 3PL+ control tower solution designed to optimize logistics networks, reduce costs, and enhance visibility. It integrates procurement and operations management, allowing companies to streamline their logistics and include real-time tracking, data analytics, and emissions reporting.

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

Sennder

Mobility giant sennder acquires European Surface Transportation

Based in Germany, Sennder offers an AI-powered platform called “SennOS” that connects commercial shippers with small freight carriers across 20+ countries in Europe. The company specializes in the full truckload (FTL) market and has a presence across Europe. Its “sennCONTROL” is a comprehensive 3PL+ control tower solution designed to optimize logistics networks, reduce costs, and enhance visibility. It integrates procurement and operations management, allowing companies to streamline their logistics and include real-time tracking, data analytics, and emissions reporting.As of July 2024, the company had 40,000+ carriers and 250,000+ registered vehicles in the platforms and was managing 50,000+ loads per month.Sennder’s acquisitions include 1) Everoad, a similar platform provider based in France (June 2020); 2) Uber Freight’s European business (September 2020); 3) Cars&amp;Cargo, a Dutch freight forwarder with operations across France and the Benelux countries (May 2021); and 4) European ground transportation assets of logistics company C.H. Robinson (July 2024) to further strengthen its digital logistics services industry position.Key Customers and partnershipsSennder’s customers include shippers such as AB InBev and Beam Suntory.Its product partnerships include 1) a joint venture (JV) with Poste Italiane, a logistics operator in Italy, to improve efficiency and provide full visibility of its trucks (July 2020; <a href="https://sp-edge.com/updates/20063">extended in July 2023);</a> 2) Zeitfracht, a logistics company in Germany, to license SennOS SaaS platform (February 2021); 3) another JV called “JUNA” in partnership with Scania to offer electric truck solutions and freight matching across Europe <a href="https://sp-edge.com/updates/23659">(November 2023);</a> and 4) logistics companies Mercitalia Logistics, FS Italiane Group, and Poste Italiane to offer intermodal transport solutions (March 2024).

<div>
 
 Einride is a Swedish startup developing technology for both autonomous and electric trucks. Its product portfolio includes the freight-hauling autonomous Class 8 trucks &ldquo;Pods,&rdquo; electrified commercial mobility solutions &ldquo;E-trucks,&rdquo; electric semi-trailer 
 <a href="https://sp-edge.com/updates/10558">
 &ldquo;Einride Trailer,&rdquo;
 </a>
 its operating system &ldquo;Saga&rdquo;&mdash;an IoT-based system that runs through Einride&rsquo;s vehicles 
 <a href="https://sp-edge.com/updates/14209">
 (also offered to third parties),
 </a>
 a developer application programming interface called 
 <a href="https://sp-edge.com/updates/10558">
 &ldquo;Einride Extend&rdquo;;
 </a>
 and charging stations called 
 <a href="https://sp-edge.com/updates/14209">
 &ldquo;Einride Stations.&rdquo;
 </a>
 The company offers electric trucks to customers across Europe, US, and 
 <a href="https://sp-edge.com/updates/19012">
 the UAE.
 </a>
 It also has approval to launch its autonomous trucks in countries including Sweden, 
 <a href="https://sp-edge.com/updates/11283">
 the US,
 </a>
 and 
 <a href="https://sp-edge.com/updates/13069">
 Germany.
 </a>
 &nbsp;
 
 
 Einride offers its products on a subscription-based delivery-as-a-service business model. The subscription includes the use of Einride's electric and autonomous trucks, access to its routing software, and maintenance services.
 
 
 Key customers and partnerships
 
 
 Einride&rsquo;s customers using its electric trucking solutions include 
 <a href="https://sp-edge.com/updates/9350">
 A.P. Moller-Maersk
 </a>
 (US), Bridgestone (US), 
 <a href="https://sp-edge.com/updates/9350">
 Beyond Meat
 </a>
 (US), Lidl (Sweden), 
 <a href="https://sp-edge.com/updates/11100">
 Oatly
 </a>
 (Sweden and US), 
 <a href="https://sp-edge.com/updates/25917">
 Mars
 </a>
 (Europe), Heineken (Netherlands and Germany), 
 <a href="https://sp-edge.com/updates/15017">
 AB InBev
 </a>
 (Benelux region), PepsiCo snack food subsidiary 
 <a href="https://sp-edge.com/updates/17838">
 Walkers
 </a>
 (UK), 
 <a href="https://sp-edge.com/updates/18586">
 REWE
 </a>
 (Germany), and 
 <a href="https://sp-edge.com/updates/19409">
 PostNord
 </a>
 (Sweden and Norway). Its customers that use the autonomous version of its trucks include 
 <a href="https://sp-edge.com/updates/24002">
 GE Appliances
 </a>
 (US).&nbsp;
 
 
 Einride has truck purchase agreements with automakers including Mercedes-Benz (120 trucks for deployments in Europe; 
 <a href="https://sp-edge.com/sectors/commerce-and-hospitality/updates/7396">
 December 2021)
 </a>
 BYD (200 trucks for US deployments; 
 <a href="https://sp-edge.com/updates/8645">
 February 2022)
 </a>
 , Scania (110 trucks for deployment in Europe; 
 <a href="https://sp-edge.com/updates/11190">
 May 2022),
 </a>
 DAF Trucks (50 electric trucks; 
 <a href="https://sp-edge.com/updates/18731">
 May 2023)
 </a>
 and Paccar (150 trucks, 
 <a href="https://sp-edge.com/updates/29863">
 May 2024),
 </a>
 which would be retrofitted with Einride&rsquo;s autonomous/operating software.&nbsp;
 
 
 Key competitors: None comparable 
 (Einride is the only company in the Truck Industry Tech that offers battery-electric and autonomous trucking solutions.)
 
</div>

Einride

Kodiak Robotics develops Level-4 autonomous trucks (i.e., fully autonomous vehicles but limited to specific locations and/or conditions) powered by its autonomous technology “Kodiak Driver,” for long-haul transportation. Its approach to system engineering is unique and involves a ground-up approach without retrofitting systems from other autonomous vehicles. Its technology consists of 1) “SensorPods,” a sensor suite that uses cameras, LiDAR, and radars to perceive the environment; 2) “Kodiak Maps,” a flexible routing layer that offers information for autonomous driving; and 3) “Guardian,” its fault management system that runs safety and performance checks to ensure safe movements.In <a href="https://sp-edge.com/updates/25348">January 2024</a>, the company unveiled its sixth-generation driverless semi-truck designed for scaled deployment on public roads. The company plans to make the technology available for users in two ways: 1) shippers can either request to integrate the sensor pods into their fleets and pay a subscription fee for Kodiak Driver or 2) partner with Kodiak Robotics to ship goods using Kodiak’s fleet of autonomous trucks for a subscription fee. The company launched commercial operations in 2019 and launched the Partner Deployment Program (PDP) to structure work with commercial partners in 2022. It operates in cities in states including Texas, <a href="https://sp-edge.com/updates/21110">Georgia,</a> Oklahoma, and Florida. The company also planned to expand operations <a href="https://sp-edge.com/updates/3402">to Asia-Pacific</a>, including South Korea and China (via a partnership with South Korean conglomerate SK Group; announced in May 2021).In terms of driverless operations, Kodiak Robotics had a fleet of 40 autonomous trucks in testing, with a driver following the route as of September 2023. The company intended to launch fully driverless tests in 2024 and commercial driverless operations by 2025.Key customers and partnershipsKodiak Robotics’ customers include <a href="https://sp-edge.com/updates/8991">Ceva Logistics,</a> <a href="https://sp-edge.com/updates/9650">U.S. Xpress,</a> <a href="https://sp-edge.com/updates/11864">10 Roads Express,</a> <a href="https://sp-edge.com/updates/22474">Maersk,</a> <a href="https://sp-edge.com/updates/13839">IKEA,</a> <a href="https://sp-edge.com/updates/27196">Martin Brower,</a> <a href="https://sp-edge.com/updates/13398">Werner Enterprises,</a> <a href="https://sp-edge.com/updates/19644">Loadsmith,</a> Tyson Foods, C.R. England, <a href="https://sp-edge.com/updates/30953">Artur Express</a> and <a href="https://sp-edge.com/updates/31883">Atlas Energy Solutions</a>.The company also has partnerships to establish truckports and other related services to facilitate its operations. Such partnerships include 1) Wabash, a producer of semi-trailers, to use its trailers-as-a-service (TaaS) offering for autonomous fleet (<a href="https://sp-edge.com/updates/33939">September 2024</a>); 2) logistics and transportation firm Ryder Systems to establish a truckport in Houston, Texas <a href="https://sp-edge.com/updates/25804">(January 2024);</a> 3) weigh station bypass solutions provider Drivewyze to pilot a motor vehicle inspection program for autonomous trucks in Texas <a href="https://sp-edge.com/updates/20326">(July 2023);</a> 4) Forward Air Corporation, an asset-light provider of transportation services, to operate 24/7 trucking services between routes in Dallas (Texas) and Atlanta (Georgia; March 2023); and 5) travel center operator Pilot Company to co-develop truck service stations across North America <a href="https://sp-edge.com/updates/12559">(August 2022).</a>Its other product partners include semiconductor design company Ambarella to integrate Ambarella’s perception system-on-chip (SoC) (January 2023) and AI domain control SoC (January 2024) into Kodiak’s self-driving trucks.

Kodiak Robotics

Plus (formerly Plus.ai) develops automated and autonomous trucking solutions. Its product portfolio consists of 1) “PlusVision,” an AI-based perception software designed for advanced driver assistance systems (ADAS) and higher levels of autonomous driving; 2) <a href="https://sp-edge.com/updates/29369">“PlusProtect,”</a> a scalable AI-based technology that allows global tier 1 automotive suppliers and OEMs to develop functionalities such as automatic emergency braking, lane departure warnings, traffic jam assist, predictive fuel optimization, etc.; 3) “PlusDrive,” for advanced Level 2++ supervised driving functions (i.e., vehicles can control the speed and the steering but require a safety driver to maintain full vigilance); 4) “SuperDrive,” a Level 4 autonomous driving software for driverless operations (i.e., fully autonomous vehicles limited to specific locations and/or conditions); and 5) <a href="https://sp-edge.com/updates/26625">“Plus Open Platform for Autonomy,”</a> an initiative focused on providing a set of hardware and software tools that allow developers to create and integrate various autonomous driving solutions.As of May 2024, the company had customers in the US, Europe, and Australia. The company offers its technology as a subscription-based SaaS offering.Key customers and partnershipsOEMs that have integrated Plus’ technology include Nikola (to integrate PlusDrive into Nikola’s trucks; February 2023), TRATON Group (to integrate Scania, MAN, and Navistar trucks with SuperDrive to be sold directly to the OEMs’ customers; <a href="https://sp-edge.com/updates/27515">March 2024),</a> and IVECO (to integrate IVECO’s heavy-duty truck with PlusDrive in April 2021; public road tests commenced in Germany <a href="https://sp-edge.com/updates/19927">in July 2023)</a>. Its customers include Amazon, which ordered 1,000 self-driving truck systems (<a href="https://sp-edge.com/updates/3407">June 2021).</a> The company also has a partnership with Hyundai Motor Company to equip fuel-cell electric trucks with Plus SuperDrive (<a href="https://sp-edge.com/updates/29863">May 2024</a>).Plus’ key product partnerships include ones with 1) automotive technology company Luminar to integrate Luminar’s LiDAR solutions into PlusDrive <a href="https://sp-edge.com/updates/19201">(June 2023);</a> 2) engineering and technology company Bosch to integrate PlusDrive with the Bosch integrated steering systems <a href="https://sp-edge.com/updates/18177">(May 2023);</a> and 3) Transurban, a company managing urban toll road networks, to test Level 4 autonomous driving technology in Australia <a href="https://sp-edge.com/updates/21220">(August 2023).</a>Its business in China was separated <a href="https://sp-edge.com/updates/22722">in October 2023</a> following a deal with China-based digital freight platform operator Full Truck Alliance (FTA), which enabled Plus to operate and expand across other global markets while FTA was to operate its China business.

Plus

Gatik develops and operates a fleet of light and medium-duty trucks with Level-4 automation (i.e., fully autonomous vehicles limited to specific locations and/or conditions) for middle-mile delivery. Gatik operates as an autonomous delivery as a service (ADaaS) provider to its customers. The company has operations in Arkansas, Texas, and California in the US and Ontario in Canada. As of May 2024, Gatik had a fleet of more than 60 trucks and had completed more than 600,000 order deliveries.Key customers and partnershipsGatik’s customers include <a href="https://sp-edge.com/updates/17132">Kroger</a> (US), <a href="https://sp-edge.com/updates/6505">Walmart</a> (US), <a href="https://sp-edge.com/updates/12708">Pitney Bowes</a> (US), <a href="https://sp-edge.com/updates/21574">Tyson Food</a> (US), <a href="https://sp-edge.com/updates/10926">Georgia-Pacific, KBX</a> (US), and <a href="https://sp-edge.com/updates/13535">Loblaw’s PC Express</a> (Canada).Gatik’s product collaborations include those with 1) electric vehicle manufacturer Via Motors (introduced electric autonomous box trucks; February 2021); 2) Isuzu North America to mass-produce autonomous medium-duty delivery trucks (April 2021); 3) American multinational tire manufacturer Goodyear for tire intelligence technology (<a href="https://sp-edge.com/updates/5712">September 2021;</a> extended in <a href="https://sp-edge.com/updates/25347">January 2024</a>); 4) fleet management solutions provider Ryder System to retrofit its autonomous technology into Ryder’s trucks and obtain its maintenance facilities (<a href="https://sp-edge.com/updates/6070">October 2021);</a> 5) ChargePoint, an EV charging network to offer charging infrastructure and services for Gatik’s customers (<a href="https://sp-edge.com/updates/9390">March 2022); </a>and 6) Isuzu Motors to co-design a redundant chassis for autonomous driving systems <a href="https://sp-edge.com/updates/29407">(May 2024).</a>Gatik also has secured strategic partnerships with <a href="https://sp-edge.com/updates/32844">Nippon Express Holdings</a>, <a href="https://sp-edge.com/updates/30366">ITOCHU Corporation</a> and <a href="https://sp-edge.com/updates/29407">Isuzu Motors</a> under which it secured strategic investments.&nbsp;

Gatik

<div>
 
 Aurora Innovation (Aurora) is an autonomous vehicle technology startup providing autonomous vehicles under two divisions, namely &ldquo;Aurora Horizon&rdquo; (its autonomous trucking service) and &ldquo;Aurora Connect&rdquo; (its autonomous ride-hailing service). Both are powered by the company&rsquo;s self-driving technology &ldquo;Aurora Driver,&rdquo; which is equipped with a hardware kit that includes a computer, proprietary &ldquo;FirstLight Lidar,&rdquo; radar, and cameras, as well as a software platform that features perception, motion planning, mapping, and simulation systems to understand its environment.
 
 
 Aurora has operations in cities including the Bay Area (California), Bozeman (Montana), Dallas (Texas), Detroit (Michigan), Louisville (Colorado), Pittsburgh (Pennsylvania), and Seattle (Washington). It launched its first commercial-ready truck route connecting Dallas and Houston, Texas in 
 <a href="https://sp-edge.com/updates/23374">
 November 2023.
 </a>
 However, Aurora laid off 3% of its workforce (about 53 employees) 
 <a href="https://sp-edge.com/updates/25865">
 in January 2024,
 </a>
 to boost the commercial launch efficiency of its autonomous trucking business.
 
 
 Aurora planned to provide the service to customers on a subscription-based delivery-as-a-service business model, charging a fee per mile. As of January 2024, the company intended to launch the service commercially in late 2024 and start mass producing trucks by 2027.
 
 
 Aurora&rsquo;s complementary acquisitions include Uber&rsquo;s self-driving car unit, Advanced Technologies Group (ATG; December 2020), to complement its autonomous technology development and LiDAR startups Blackmore (May 2019) and OURS Technology (February 2021) to expedite and complement its LiDAR development process.
 
 
 Aurora was listed on the Nasdaq in November 2021 by 
 <a href="https://sp-edge.com/updates/4258">
 merging with a special purpose acquisition company (SPAC),
 </a>
 valuing the combined entity at USD 13 billion. The company did not generate revenue in 2023 and reported an operating loss of USD 835 million for the year.&nbsp;
 
 
 Key customers and partnerships
 
 
 Aurora&rsquo;s partners to pilot its technology include logistics companies such as 
 <a href="https://sp-edge.com/updates/9619">
 Werner Enterprises,
 </a>
 
 <a href="https://sp-edge.com/updates/18176">
 Hirschbach,
 </a>
 
 <a href="https://sp-edge.com/updates/10521">
 FedEx,
 </a>
 
 <a href="https://sp-edge.com/updates/30781">
 Uber Freight,
 </a>
 and 
 <a href="https://sp-edge.com/updates/11986">
 Schneider.
 </a>
 
 
 Its product partners include OEMs, such as Volvo (March 2021; a production-ready version unveiled 
 <a href="https://sp-edge.com/updates/29593">
 in May 2024)
 </a>
 and PACCAR (January 2021) to jointly develop autonomous trucks, fleet service partner 
 <a href="https://sp-edge.com/updates/14317">
 Ryder
 </a>
 (November 2022), and hardware and service partner 
 <a href="https://sp-edge.com/updates/18085">
 Continental
 </a>
 (April 2023).
 
 
 
</div>

Aurora Innovation

Developers of autonomous light, medium, and heavy-duty trucks. Most companies outfit truck chassis with their technology. The majority of autonomous trucks available test at SAE Level 3 (i.e., require a driver present and ready to take control or remote assistance by an operator).

Providers of self-driving and safety-related hardware and software that provide features such as platooning, collision avoidance alerts, blind spot detection, automatic braking, automated manual transmissions, and eco-driving systems.

Developers of electric and hydrogen-powered trucks.

Apps and devices that show comprehensive routes and provide truck drivers with up-to-date gas prices, locations of nearby truck stops, bypass weigh stations, available parking, etc.

Apps that help shippers connect with carriers, optimize freight logistics, track shipment and driver hours, etc.

Companies in "safety and driving assist tools" and "autonomous trucks" use AI/ML for autonomous navigation

Companies operating in "Autonomous trucks" segment often provide autonomous mobility solutions

Autonomous trucking solutions fall under Industry 4.0

Electric and fuel cell trucks contribute to reduced carbon footprint of vehicle fleets

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 German freight platform, Sennder, has acquired the European ground transportation assets of C.H. Robinson, a global logistics company, in an all-cash, undisclosed deal. Positioned to be the world's second-largest logistics provider after Amazon, C.H. Robinson's market cap exceeds USD 10 billion. The acquisition amalgamates a workforce of 1,700 people across 20 markets, making Sennder one of the top five companies in Europe's full truckload services industry. Sennder's annual revenue is anticipated to double to EUR 1.4 billion (USD 1.5 billion) as a result of the acquisition. Sennder expects this expansion to accelerate its European expansion and significantly enhance its network density and digital capabilities.&nbsp;
</div> Analyst QuickTake: 
 Sennder has also made similar acquisitions in the past, including Uber Freight’s European freight business <a href="https: 
//www.sennder.com/press/sennder-acquires-uber-s-european-freight-business"> (September 2020) </a> and Netherlands-based freight forwarder Cars&amp;Cargo <a href="https: 
//www.sennder.com/press/sennder-acquires-dutch-based-cars-cargo-supplying-digital-offering-whilst-expanding-network"> (May 2021). </a>

Sennder

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