Processing…
Success! You're on the list.
NEWSLETTER

Processing…
Success! You're on the list.

German logistics startup Colonia Technologies grabs €6M for its commercial vehicle-sharing platform

Colonia Technologies founders
Picture credits: Colonia Technologies

Logistics forms the core of the European economy, with over 4.5 million trucks and trailers transporting 76% of all goods. However, inconsistent access to these vehicles presents a bottleneck, particularly for small and medium-sized enterprises (SMEs) grappling with fluctuating orders and driver shortages.

Colonia Technologies, headquartered in Germany, is solving this problem through its unique B2B sharing model, enabling logistics companies to share vehicles via a secure marketplace equipped with user-friendly fleet management software to operate fleets more effectively.

Raises €6M seed round

The logistics startup Colonia Technologies has closed €6 million in a seed funding round. The financing round was led by London-based Octopus Ventures, a London VC that backed Flock, Kita, and Delio.

Other investors that participated in the round include vent.io, Plug and Play, MobilityFund, Hoyer, as well as numerous angel investors, including the founders of Flixbus, Grover and Seven Senders. Existing investor Atlantic Labs is also adding further capital in the current round. Colonia Technologies intends to utilise the investment for enhancing the platform’s features.

Co-founder Kaspar Filipp explained, “Logistics companies often lose business due to the lack of access to appropriate vehicles, while simultaneously struggling to effectively utilize their own fleets. We see that demand in the commercial vehicle sharing segment has already increased significantly in the first half of the year and expect the trend to continue.”

“We are delighted that we have once again been able to attract renowned investors. The financing round enables us to further advance our business model and enable our companies with their own commercial vehicle fleet to not only be more competitive but also more sustainable,” said Jakob Sadoun, co-founder at Colonia.

Nick Sando, Principal, Octopus Ventures, comments: “Access to trucks and trailers is a critical bottleneck in international logistics, while the unpredictability of demand creates huge challenges for the small businesses that operate commercial logistics fleets. Colonia’s not only solving the problem of dormant trucks and trailers but enabling fleet operators to win business across Europe. It’s creating a step change in European logistics.”

Transforms the logistics industry

Colonia Technologies was founded by Jakob Sadoun and Kaspar Filipp in 2021. Both have spent most of their careers driving the transformation of the transportation and logistics industry, Jakob Sadoun in strategy consulting, and Kaspar Filipp in consulting and politics.

With a team of 16 in Cologne and Berlin, the startup is Germany’s first provider of a digital sharing platform for commercial vehicles. Via a marketplace with secure payment solutions and user-friendly fleet management software, logistics companies can share their vehicles with each other and thus operate their fleets more effectively.

Colonia has just launched a new feature that offers users additional payment security. Through an external financing partner, lessors are assured that rental payments will reach them safely and on time. Also, the company eliminates concerns about payment processing and the risk of non-payment.

Its customers include transport and logistics companies of all sizes from various industries that have their own commercial vehicle fleet and flexible commercial vehicle requirements.

Related Posts
Total
0
Share

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you