Ontruck, a European digital road freight platform, raised €17m in funding.
The round was led by OGCI Climate Investments with participation from existing investors Cathay Innovation, Atomico, Idinvest Partners and Total Carbon Neutrality Ventures, and new investor Endeavor Catalyst.
The company intends to use the funds to accelerate the development of its transport network and technology developing, implementing and scaling innovative low carbon solutions in commercial transportation.
Led by Iñigo Juantegui, CEO and co-founder, Ontruck is a digital road freight platform that offers a low-carbon solution to transport goods. Combining data, artificial intelligence and technology, the platform reduces transportation costs for shippers, increases earnings for carriers, and removes carbon emissions generated from empty trucks, enabling a more sustainable future of transportation. The company partners with Europe’s largest companies, including Auchan, Pepsico, P&G, CHEP and Decathlon.
Ontruck is based in Madrid, Barcelona, London, Paris, and Amsterdam.