CargoBeamer has received commitments totaling EUR 140 million from private investors and public institutions including the German Federal Railway Authority and the Swiss Federal Office of Transport to develop innovative freight terminals in Germany and Italy.
The funds will be used to expand the terminals for handling all types of semi-trailers in Kaldenkirchen, Germany, and Domodossola, near Milan, Italy.
Both institutions are contributing around EUR 90 million, which will be provided in funding commitments for the construction projects of two CargoBeamer terminals in Germany and Italy. The federal portion of around EUR 40 million will benefit the Italian CargoBeamer-Terminal in Domodossola, a central hub for transalpine freight transport. Up to 185,000 craneable and non-craneable truck consignments are to be shifted from road to rail every year. At the site in Kaldenkirchen, where the first CargoBeamer-Terminal in Germany will be built, the final preparations for starting construction are now taking place.
In addition, CargoBeamer has secured an additional EUR 50 million from private investors as part of Series B financing. The group of investors was led by the family office of the Albrecht family (Nordwind Ventures).
“The fact that public funds are now flowing into CargoBeamer on a large scale is ample proof of the importance of our technology – and yet another strong argument in the ongoing fundraising process”, Nicolas Albrecht, CEO of CargoBeamer said. stresses.
The new funding allows CargoBeamer to accelerate its growth dramatically. Over the next ten years, a total of 18 terminals and up to 50 routes are to be built across Europe, which will make a considerable contribution to reducing CO2 emissions in European freight transport.
Compared to freight transport by road, CO2 savings due to rail amount to around 85%. CargoBeamer-Terminals, where up to 38 semi-trailers can be loaded onto a train in just 20 minutes, nine times faster than in crane terminals, are providing urgently needed capacity for climate-friendly transport in European freight traffic. At the same time, the innovation is contributing to resolving the acute shortage of truck drivers in the European freight transport industry. CargoBeamer’s transport volume in its core business recently grew by 39%. In contrast, the overall market in the European intermodal sector shrank by around 14%. The European market addressed by CargoBeamer is estimated to be worth around EUR 77 billion in the coming years.
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