Madrid-based fleet management startup Trucksters has raised €8 million funding. The round was backed by existing investors, including Kibo Ventures, German logistics fund Amplifier, Bonsai Partners, German joint venture of Axel Springer & Porsche, Big Sur Ventures, Metavallon VC and The Valley VC. In addition, Sacha Michaud, co-founder of Glovo, and Juan Urdiales, co-CEO of Job & Talent, also participated.
The round comes as an extension of the first phase launched in July 2021 when the startup raised €6.3 million. With this capital addition, the Series A round has closed at €14.3 million. The funding will enable the startup to triple its technology team and continue its international expansion, while further improving conditions for drivers, such as getting them paid earlier for their rides.
By 2022, the platform plans to increase its turnover sixfold to €30 million. Luis Bardají Izard, co-founder and CEO, Trucksters, said: “Our main objective is to expand the team, while we continue to add new routes and expand internationally. The idea is to make the relay system the standard method in Europe. All this while improving the living conditions of the truck drivers is the need of the hour. We are working to make the logistics ecosystem more sustainable and humane in every way.”
Currently present in Germany, Belgium and Poland, the platform will expand operations in the Netherlands and Italy this year. The platform is already being used by over 600 Spanish and international companies such as Kimberly Clark, the DPD Group, Amazon and SEUR.