MUNICH, Germany – (BUSINESS WIRE) – January 11, 2022–
In addition to EUR 1.7 million in EU support funds, JOVA Direkt Invest GmbH and existing investors have joined a Series A funding program totaling over EUR 4.5 million for the SaaS provider specializing in AI-based transport optimization.
This press release features multimedia. Read the full release here: https://www.businesswire.com/news/home/20220111005651/en/
Smartlane receives funding of more than 6 million euros (Photo: Business Wire)
- Self-learning dispatch automation software: Using its AI, Smartlane Transport Intelligence digitizes the tedious process of manual dispatching and transportation planning in part-load distribution logistics, even when the database is spotty.
- Planning for growth: Smartlane plans to double the size of its team, strengthen its leadership in the AI-based transportation optimization market and continue to develop its products to enable autonomous logistics systems to fully manage the shipping process. .
- Partial load networks under pressure: With a transport volume of 130 million units during the year 2021, operators in this segment are facing a huge and constantly increasing challenge as specialized personnel, such as dispatchers and drivers, are in number. insufficient.
- Benefits for transport logistics operators: Smartlane Transport Intelligence can put up to 21% more shipments on the road while reducing costs, reducing planning time by up to 90% and reducing the CO 2 footprint by optimizing the use of resources .
Munich-based software company Smartlane has already built a reputation in the multipoint delivery industry. Its Smartlane Transport Intelligence software, the first AI-based solution for automated and optimized transport planning in partial load distribution, has attracted a new investor, JOVA Direkt Invest. This new capital will allow Smartlane to expand its team and vigorously drive the development of its products in order to further strengthen its leading position in the market as a supplier of an AI-based SaaS transport optimization solution. .
Dr Mathias Baur, Monja Mühling and Florian Schimandl created Smartlane in 2015. They share a common vision: to enable the logistics industry to rely on fully automated, optimized and sustainable transport planning and on an intelligent dispatch process. capable of supporting future autonomous transport systems.
“We are delighted to see Smartlane play a central role in the digitization roadmap of many operators engaged in multipoint distribution. Our solution reduces shipping overhead costs by up to 90% while dramatically increasing the reliability and accuracy of the planning process. This means that the increasing volume of shipments can be handled more efficiently, even in times of limited resources, ”said Monja Mühling, co-founder and CEO of Smartlane, commenting on the success of her business.
The transport logistics sector is changing rapidly. The shortage of qualified personnel in almost all segments and rising energy costs, combined with a growing awareness of the importance of green logistics, are giving new impetus to logistics digitization initiatives. At the same time, new digital freight forwarders are increasing competitive pressure as the volume of shipments continues to increase, driven by the pandemic. As a result, many logistics companies have reached the limits of their manual shipping capacity. The digitalization of the shipping process is therefore much more than an additional step to optimize commercial operations; it has become a matter of survival.
The Smartlane software solution arrived just in time, addressing the key challenges facing today’s partial load distribution business. To avoid disrupting the business routine of multi-point operators, the software is implemented alongside ongoing business operations, allowing the customer to directly and immediately experience the benefits of the digital solution.
Dr Rigbert Fischer, CEO of blueworld.group, the investment management company providing exclusive and direct support to the new investor, explains: “Smartlane Transport Intelligence is the cutting edge technology to automate the planning and optimization processes of transport logistics. This software solution for carriers is the entry ticket to efficient, forward-looking and above all sustainable transport planning.
In October 2021, the jury of the discriminating European innovation promotion program EIC Accelerator found the Smartlane solution so convincing that it awarded the company a grant of 1.7 million euros.
Smartlane GmbH, established in 2015, is a Munich-based software company and the developer of Smartlane Transport Intelligence, an AI-based software for transport optimization in the logistics industry. Since the start-up phase of the business, Frank Thelen has been a Smartlane investor through his venture capital fund Freigeist. Other investors include Ideenschaft Invest, F-LOG Ventures, Ippen.Media and MobilityFund. The result of many years of research carried out by the founders of the Technical University of Munich, Smartlane Transport Intelligence enables the step-by-step digitization and automation of transport planning (dispatch). Cloud-based self-learning technology for the first time reduces dispatch effort by up to 90% while optimizing resource use and reducing both operating costs and emissions CO 2 up to 21%. Among its customers are many partial load distribution SMEs, including several members of the Cargoline network.
blueworld.group is the consultant of JOVA Direkt Invest GmbH, an investment fund of the Vaillant Family Office, and represents JOVA as investment manager. blueworld.group is a new generation investor. Passionate about technological progress and innovation, blueworld.group focuses on investment, development and optimization. As a provider of capital and innovator, blueworld.group supports ambitious, growth-oriented companies and new business models in a wide range of industries. blueworld.group works in close collaboration with pioneering companies and their managers to promote excellence and genuine sustainable added value, always with the aim of reconciling progress and sustainability in all dimensions.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220111005651/en/
CONTACT: Press contact Smartlane GmbH
phone: +49 89 90411930
E-mail: [email protected]
www.smartlane.deblueworld.group press contact
phone: +49 69 588045244
Email: [email protected]
KEYWORD: AUSTRIA GERMANY EUROPE SWITZERLAND
INDUSTRY KEYWORD: SOFTWARE FINANCE DATA MANAGEMENT PROFESSIONAL SERVICES LOGISTICS TECHNOLOGY / SUPPLY CHAIN MANAGEMENT MOBILE / WIRELESS TRANSPORT
Copyright Business Wire 2022.
PUB: 11/01/2022 04:51 AM / DISC: 11/01/2022 04:51 AM
Copyright Business Wire 2022.