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22.05.2024 09:45:29 - dpa-AFX: EQS-News: CargoBeamer secures 140 Million Euro in Investment Capital (english)
CargoBeamer secures 140 Million Euro in Investment Capital
Issuer: CargoBeamer AG / Key word(s): Financing/Forecast
CargoBeamer secures 140 Million Euro in Investment Capital
22.05.2024 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press Release
Leipzig, May 22, 2024
CargoBeamer secures 140 Million Euro in Investment Capital
The Leipzig-based company is receiving 90 million euros from transport
ministries in Germany and Switzerland for new terminal construction projects
CargoBeamer, the leading logistics company for fast, cost-effective and
environmentally friendly freight transport in Europe, has received
commitments totalling 140 million Euro from public and private investors as
part of its current Series B financing round. The funds will be used to
expand two highly innovative terminals for handling all types of
semi-trailers in Kaldenkirchen (Germany) and Domodossola (Italy) near Milan.
CargoBeamer is therefore continuing to expand in Europe. Besides private
investors, the investors also come from the public sector, including the
German Federal Railway Authority and the Swiss Federal Office of Transport.
Both institutions are contributing around 90 million Euro, which will be
provided in funding commitments for the construction projects of two
CargoBeamer terminals in Germany and Italy. The federal portion of around 40
million euros will benefit the Italian CargoBeamer-Terminal in Domodossola,
a central hub for transalpine freight transport. Up to 185,000 craneable and
non-craneable truck consignments are to be shifted from road to rail every
year. At the site in Kaldenkirchen, where the first CargoBeamer-Terminal in
Germany will be built, the final preparations for starting construction are
now taking place.
In addition, CargoBeamer has secured an additional 50 million Euro from
private investors as part of Series B financing. The group of investors was
led by the family office of the Albrecht family (Nordwind Ventures). "With
exceptional vision and great confidence, our lead investors have not only
supported us financially, but also laid the foundation for our success.
Their commitment is the key to our future, and we are deeply grateful for
their support," says Dr Markus Fischer, CFO of CargoBeamer. Until summer,
the current round of financing will remain open to other investors as well.
"The fact that public funds are now flowing into CargoBeamer on a large
scale is ample proof of the importance of our technology - and yet another
strong argument in the ongoing fundraising process", stresses Nicolas
Albrecht, CEO of CargoBeamer. "CargoBeamer is one of the most important
innovations in European freight transport in recent decades and is making a
significant contribution to the economically and politically desired shift
of traffic from road to rail", Albrecht adds.
18 Terminals in the Next Ten Years
The capital commitments once again underscore CargoBeamer's position as the
most promising company in the field of combined transport in Europe - and
one that is also fully privately owned. Despite strong growth, CargoBeamer
is already operating profitably in its core business and, along with its
sites in Kaldenkirchen and Domodossola, has its first fully automated
transhipment terminal in Calais, northern France. Together with its
partners, additional locations in Perpignan (France), Ashford (Great
Britain) and Bari (Italy) are also part of the current network. The new
funding allows CargoBeamer to accelerate its growth dramatically. Over the
next ten years, a total of 18 terminals and up to 50 routes are to be built
across Europe, which will make a considerable contribution to reducing CO2
emissions in European freight transport.
Compared to freight transport by road, CO2 savings due to rail amount to
around 85 per cent. CargoBeamer-Terminals, where up to 38 semi-trailers can
be loaded onto a train in just 20 minutes - nine times faster than in crane
terminals - are providing urgently needed capacity for climate-friendly
transport in European freight traffic. At the same time, the innovation is
contributing to resolving the acute shortage of truck drivers in the
European freight transport industry. CargoBeamer's transport volume in its
core business recently grew by 39 per cent. In contrast, the overall market
in the European intermodal sector shrank by around 14 per cent. The European
market addressed by CargoBeamer is estimated to be worth around 77 billion
euros in the coming years.
Dr Hans Albrecht, as representative of the Albrecht family who provided
investment funds, explains: "The transition in freight transport from road
to rail is dependent on innovative solutions that save significant costs and
energy, such as CargoBeamer. The move towards significant CO2 reduction in
the transport sector initiated by numerous European countries offers
CargoBeamer enormous economic potential. In freight transport, CargoBeamer
has clearly established itself as the most scalable solution, and its growth
must now be accelerated."
About CargoBeamer
The CargoBeamer Group is an innovative logistics service provider in the
combined transport between road and rail. As a pioneer in decarbonizing
freight transport in Europe on a large scale, its mission is to improve the
environment with disruptive and cost-effective solutions to shift freight
transport from road to rail. The CargoBeamer system, consisting of patented
wagons, transshipment terminals, and logistics software, enables especially
non-craneable semi-trailers to be transported by rail, resulting in a
significant reduction of CO2 emissions and other external costs. Presently,
trains are operated in Germany, France, Italy, and the United Kingdom. The
company is creating a European network of efficient CargoBeamer terminals,
connected in fixed timetables with intermodal trains in high frequencies.
This means climate-friendly rail transport for hundreds of thousands of
semi-trailers per year and a significant relief for the environment and
society.
Press contact
Tim Krause
Communications & Marketing Manager
E: press@cargobeamer.com
T: +49 171 3312918
Nuno dos Santos
Serviceplan Public Relations & Content
E: n.dossantos@house-of-communication.com
T: +49 (0) 89 2050 4156
---------------------------------------------------------------------------
Dissemination of a Corporate News, transmitted by EQS News - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Issuer: CargoBeamer AG / Key word(s): Financing/Forecast
CargoBeamer secures 140 Million Euro in Investment Capital
22.05.2024 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press Release
Leipzig, May 22, 2024
CargoBeamer secures 140 Million Euro in Investment Capital
The Leipzig-based company is receiving 90 million euros from transport
ministries in Germany and Switzerland for new terminal construction projects
CargoBeamer, the leading logistics company for fast, cost-effective and
environmentally friendly freight transport in Europe, has received
commitments totalling 140 million Euro from public and private investors as
part of its current Series B financing round. The funds will be used to
expand two highly innovative terminals for handling all types of
semi-trailers in Kaldenkirchen (Germany) and Domodossola (Italy) near Milan.
CargoBeamer is therefore continuing to expand in Europe. Besides private
investors, the investors also come from the public sector, including the
German Federal Railway Authority and the Swiss Federal Office of Transport.
Both institutions are contributing around 90 million Euro, which will be
provided in funding commitments for the construction projects of two
CargoBeamer terminals in Germany and Italy. The federal portion of around 40
million euros will benefit the Italian CargoBeamer-Terminal in Domodossola,
a central hub for transalpine freight transport. Up to 185,000 craneable and
non-craneable truck consignments are to be shifted from road to rail every
year. At the site in Kaldenkirchen, where the first CargoBeamer-Terminal in
Germany will be built, the final preparations for starting construction are
now taking place.
In addition, CargoBeamer has secured an additional 50 million Euro from
private investors as part of Series B financing. The group of investors was
led by the family office of the Albrecht family (Nordwind Ventures). "With
exceptional vision and great confidence, our lead investors have not only
supported us financially, but also laid the foundation for our success.
Their commitment is the key to our future, and we are deeply grateful for
their support," says Dr Markus Fischer, CFO of CargoBeamer. Until summer,
the current round of financing will remain open to other investors as well.
"The fact that public funds are now flowing into CargoBeamer on a large
scale is ample proof of the importance of our technology - and yet another
strong argument in the ongoing fundraising process", stresses Nicolas
Albrecht, CEO of CargoBeamer. "CargoBeamer is one of the most important
innovations in European freight transport in recent decades and is making a
significant contribution to the economically and politically desired shift
of traffic from road to rail", Albrecht adds.
18 Terminals in the Next Ten Years
The capital commitments once again underscore CargoBeamer's position as the
most promising company in the field of combined transport in Europe - and
one that is also fully privately owned. Despite strong growth, CargoBeamer
is already operating profitably in its core business and, along with its
sites in Kaldenkirchen and Domodossola, has its first fully automated
transhipment terminal in Calais, northern France. Together with its
partners, additional locations in Perpignan (France), Ashford (Great
Britain) and Bari (Italy) are also part of the current network. The new
funding allows CargoBeamer to accelerate its growth dramatically. Over the
next ten years, a total of 18 terminals and up to 50 routes are to be built
across Europe, which will make a considerable contribution to reducing CO2
emissions in European freight transport.
Compared to freight transport by road, CO2 savings due to rail amount to
around 85 per cent. CargoBeamer-Terminals, where up to 38 semi-trailers can
be loaded onto a train in just 20 minutes - nine times faster than in crane
terminals - are providing urgently needed capacity for climate-friendly
transport in European freight traffic. At the same time, the innovation is
contributing to resolving the acute shortage of truck drivers in the
European freight transport industry. CargoBeamer's transport volume in its
core business recently grew by 39 per cent. In contrast, the overall market
in the European intermodal sector shrank by around 14 per cent. The European
market addressed by CargoBeamer is estimated to be worth around 77 billion
euros in the coming years.
Dr Hans Albrecht, as representative of the Albrecht family who provided
investment funds, explains: "The transition in freight transport from road
to rail is dependent on innovative solutions that save significant costs and
energy, such as CargoBeamer. The move towards significant CO2 reduction in
the transport sector initiated by numerous European countries offers
CargoBeamer enormous economic potential. In freight transport, CargoBeamer
has clearly established itself as the most scalable solution, and its growth
must now be accelerated."
About CargoBeamer
The CargoBeamer Group is an innovative logistics service provider in the
combined transport between road and rail. As a pioneer in decarbonizing
freight transport in Europe on a large scale, its mission is to improve the
environment with disruptive and cost-effective solutions to shift freight
transport from road to rail. The CargoBeamer system, consisting of patented
wagons, transshipment terminals, and logistics software, enables especially
non-craneable semi-trailers to be transported by rail, resulting in a
significant reduction of CO2 emissions and other external costs. Presently,
trains are operated in Germany, France, Italy, and the United Kingdom. The
company is creating a European network of efficient CargoBeamer terminals,
connected in fixed timetables with intermodal trains in high frequencies.
This means climate-friendly rail transport for hundreds of thousands of
semi-trailers per year and a significant relief for the environment and
society.
Press contact
Tim Krause
Communications & Marketing Manager
E: press@cargobeamer.com
T: +49 171 3312918
Nuno dos Santos
Serviceplan Public Relations & Content
E: n.dossantos@house-of-communication.com
T: +49 (0) 89 2050 4156
---------------------------------------------------------------------------
Dissemination of a Corporate News, transmitted by EQS News - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
