Volvo Group Venture Capital invested in Madrid-based company Trucksters, a transport operator focused on providing long-distance transportation through a truck relay system based on big data and artificial intelligence.
“The company Trucksters is using advanced algorithms and AI to manage long-haul relay transportation through Europe, providing faster, safer and more sustainable transports,” Martin Witt, president of Volvo Group Venture Capital, said. “We are impressed by what Trucksters have accomplished and see that Volvo Group can add considerable strategic value to the development of their business. With a growing need for freight transportation, relay systems can provide a solid structure for electrification of long-haul transportation as well as for autonomous solutions in the future.”
Founded in 2018 by Luis Bardají, Gabor Balogh and Ramón Castro, Trucksters’ goal is to make the global road freight industry more efficient and to improve quality of life for drivers. The company is managing four logistics corridors from Spain to Western and Eastern Europe and the UK. Through the corridors, Trucksters has fixed relay points where a truck exchanges its semi-trailer with another truck.
“The investment from Volvo Group Venture Capital as a great milestone for Trucksters,” Bardají, who is the CEO of Trucksters, said. “We share many core values, such as safety, driver focus, sustainability and electrification, [and] are delighted to be able to start this new phase together.
“Our collaboration will allow us to implement technological advances that will improve safety in freight transport and, at the same time, encourage the adoption of electric trucks for a more sustainable industry.”
Volvo Group Venture Capital was founded in 1997 and invests globally in startup and scaleup companies.
