Volvo VC invests in Trucksters

Car maker Volvo’s venture capital arm has invested in a Spanish transport operator said to be using advanced algorithms and artificial intelligence to manage long-haul relay transportation in Europe.

Madrid-based Trucksters is “providing faster, safer and more sustainable transports”, according to Volvo Group Venture Capital president, Martin Witt.

“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,” Witt said.

Trucksters, established five years ago by Luis Bardaji, Gabor Balogh and Ramon Castro, says its service reduces long-distance road transit time by up to 50% by allowing trucks to be continuously on the move through relays.

The company is managing four logistics corridors from Spain to western and eastern Europe and the UK. Trucksters has fixed relay points in the corridors where a truck exchanges its semi-trailer with another truck, avoiding stops and enabling the driver to return home.

“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,” said Trucksters CEO, Bardaji.

Volvo Group Venture Capital, founded in 1997, invests in start-up and scale-up companies.


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