In the first half of 2025, European transportation companies raised €1.5 billion across 33 deals, around 4.5 per cent of total capital and 1.7 per cent of deal activity within European tech (€33.7 billion across 1,941 deals).
Funding in transportation favoured asset-heavy operators with sizable debt to scale fleets and capacity, particularly in vehicle subscriptions and rail. Equity, meanwhile, supported infrastructure and operating platforms spanning EV charging, vehicle access and shared mobility, managed shuttles, drones, and digital service orchestration.
The ten largest deals highlight this trend, blending immediate investment in physical infrastructure with support for technology-driven models designed to scale over time.
FINN (Germany)
Amount raised in H1 2025: €1B
FINN offers flexible car subscriptions with fixed monthly pricing that includes insurance, maintenance, registration, and carbon offsetting.
Available in Germany, FINN allows users to choose a vehicle online, subscribe in minutes, and receive doorstep delivery, with the option to return or swap at the end of the term.
In February, FINN closed a new €1 billion Asset-backed Security program, “ABS II,” to acquire vehicles and strengthen its position in the German market.
Polestar (Sweden)
Amount raised in H1 2025: $200M
Polestar is a Swedish electric performance car brand known for combining minimalist Scandinavian design with advanced technology and sustainability.
With no proprietary factories of its own, Polestar produces its models via manufacturing arrangements with Volvo and Geely facilities in China, the US, and South Korea. Founded in 2017 as a standalone EV marque, it markets itself globally and builds vehicles like the Polestar 2, 3, and 4. Polestar emphasises innovation, sustainability, and uncompromised design in its mission.
In June, Polestar announced a $200 million equity investment to support working capital and general corporate purposes.
Connected Kerb (UK)
Amount raised in H1 2025: £65M
Connected Kerb is a UK-based company founded in 2017 on a mission to make electric vehicle charging accessible, sustainable and equitable.
They specialise in on-street residential and public charging infrastructure, partnering with local authorities to serve drivers who lack private parking or home chargers. Their approach integrates smart charging technology, allowing users to schedule charging during off-peak periods for lower cost and better grid balance.
With £65 million investment secured in February, Connected Kerb is accelerating deployment of tens of thousands of curbside charge points across the UK and expanding internationally.
Helrom (Germany)
Amount raised in H1 2025: €32.9M
HELROM is a rail-freight and technology company that moves road semi-trailers by rail, punctually, flexibly and without expensive loading terminals.
Using its globally patented HELROM Trailer Wagon, any trailer, including non-craneable and refrigerated units, can be loaded at level ground next to the track in minutes. The service spans open-train bookings for SMEs and exclusive block trains for industrial supply chains, cutting CO₂e emissions by up to 90 per cent at costs comparable to road. Bookings run via a digital customer portal for smooth planning. HELROM’s mission is to unlock Net Zero Transport by decentralising and accelerating the shift from road to rail.
In May, Helrom secured €32.9 million in green loan financing to expand transport capacity, purchase around 120 additional trailer wagons, and accelerate its strategy of shifting more freight to rail.
Dronamics (UK)
Amount raised in H1 2025: €30M
Dronamics, a UK-Bulgarian company, is pioneering the future of logistics as the world’s first cargo-drone airline.
Their mission is to transform cargo mobility by building an air-cargo ecosystem powered by long-range cargo drones, enabling rapid, reliable and cost-efficient same-day delivery, even to remote areas.
The heart of their offering is the Black Swan drone, capable of carrying up to 350 kg over distances up to 2,500 km. With a network of droneports, mobile control and cargo systems, Dronamics integrates seamlessly into existing supply chains, delivering greener, faster and more affordable middle-mile logistics.
In June, Dronamics announced that it had been put forward for an equity investment of up to €30 million under the European Innovation Council (EIC) Strategic Technologies for Europe Platform (STEP).
Be.EV (UK)
Amount raised in H1 2025: £20M
Be.EV is a UK electric-vehicle charging network delivering rapid, reliable and accessible charging nationwide. Founded in Greater Manchester in 2019, it now operates 800+ charging bays and powers them with traceable green energy from wind and solar.
Be.EV’s mission is to make the switch to EVs practical and affordable for everyone, whether you’re in a city or a rural area without home charging. It deploys fast, rapid and ultra-rapid hubs on busy routes and within communities, offering a seamless experience via app, RFID and multiple payment options.
In May, Be.EV secured a £20 million partnership with Schroders Capital to install 200 ultra-rapid bays across 22 UK retail and leisure sites.
Zeelo (UK)
Amount raised in H1 2025: $23M
Zeelo is a TransitTech company providing smart shuttle and managed transportation services for organisations, universities and schools.
Using proprietary routing software and data analytics, Zeelo designs, operates and optimises commute programs to increase efficiency, reliability and sustainability. They support corporate shuttles, student transport and event transit, offering rider apps, real-time tracking, flexible boarding and streamlined operations.
Zeelo is carbon-neutral from day one, aiming for full electric fleet deployment, and already serves over 1,000 clients, delivering sustainable, efficient group mobility.
Zeelo raised $23 million in a Series B round in June to scale its AI-powered transportation management platform, improve self-serve options for users, and pursue strategic acquisitions to support global expansion.
Forest (UK)
Amount raised in H1 2025: €15.3M
Forest (formerly HumanForest) is a London-based micromobility platform offering dockless, shared e-bikes powered by 100 % renewable energy.
The company integrates sustainable commuting with digital innovation, enabling users to locate, unlock and ride bikes via its app, and even monetise visibility through its ad platform.
Forest has achieved B-Corp and Verra validation accreditation, and operates zero-emissions services across its fleet and support operations
In January, Forest secured €15.3 million in Series B funding to scale its fleet, enhance its technology and expand into new cities.
Dance (Germany)
Amount raised in H1 2025: €12M
Dance is a micromobility company offering an all-in-one e-bike and e-moped subscription for a fixed monthly price.
Members get their own vehicle plus on-demand repairs, theft protection, and convenient delivery/pickup, making city travel simple and sustainable. The service is available in Berlin, Hamburg, Munich and Paris, with flexible monthly or annual plans. Companies can also equip teams with “Dance for Business,” which provides streamlined billing and management for employee subscriptions.
Electric mobility subscription company Dance has raised €12 million in equity and debt funding to expand its fleet and operations while further developing its hardware, software, and service for urban mobility.
Cafler (Spain)
Amount raised in H 2025: $11M
Cafler is a Barcelona-based platform that simplifies vehicle management for businesses and drivers by unifying automotive services (maintenance, tyres, washes, MOT/ITV, and admin paperwork) into one digital marketplace.
Users book online, set a pickup location and time, and a professional driver handles the service end-to-end, returning the car when finished. For fleets, Cafler adds AI-powered monitoring to anticipate issues and cut operating costs. Founded in 2021, the company acts as a digital partner to dealerships, workshops, manufacturers and rentals across key European markets.
Cafler has closed an $11 million investment round to enhance its product and expand its presence across multiple countries in Europe and the US.
Would you like to write the first comment?
Login to post comments