DEAL

NEON advises Munich RE Ventures on Series A financing round of Fernride

Key Facts
Client

Munich RE Ventures

Counsel to

Investor

Expertise

Venture Capital

20 September 2023 | NEON advises Munich RE Ventures on €50 million Series A financing round of Fernride

NEON has successfully advised Munich RE Ventures on the €50 million Series A financing round of Fernride. Fernride is an innovative company specializing in autonomous vehicle technology for logistics, focused on revolutionizing the transportation of goods through enhanced automation and efficiency.

This substantial investment will enable Fernride to accelerate the development of its autonomous trucking solutions, enhancing operational capabilities and scaling its services in the logistics sector. The funding will also support ongoing research and development efforts, positioning Fernride as a leader in the rapidly evolving field of autonomous transportation.

This acquisition marks a pivotal step for Fernride as it strives to redefine the future of transportation and logistics through automation.

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