German startup Fernride bags $50M to make trucking autonomous

Munich-based autonomous trucking startup Fernride has closed a further $19mn in its Series A funding round, neatly pushing the total amount raised in the round to $50mn.  Founded in 2019, Fernride has developed autonomous vehicle software that converts trucks into self-driving machines. These haulers operate at Level 4 autonomy which means the vehicle can drive itself within a specific area — albeit with a bit of supervision from a remote driver.    There is a current shortage of 400,000 truck drivers …

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