Cargonexx will den Lkw-Verkehr effizienter gestalten © Unsplash/Edouard Ki

Cargonexx wins "European Startup Prize for Mobility"

Hamburg-based Cargonexx triumphs over 500 European mobility start-ups

The Hamburg-based Cargonexx accepted Thursday (February 22, 2018) the first edition of the “European Startup Prize for Mobility” during a ceremony in Brussels. The company triumphed over 500 competing logistics start-up and was the only German company in the competition. Cargonexx counts among Europe’s top ten mobility start-ups.

The prize allows the winners to branch out into other markets, notably through tailor-made support designed by The Boston Consulting Group, Via ID, Parallel Avocats and Grimaldi Studio. The winnners and the six other start-ups in the pitch will go on a tour of the biggest European tech events during which they will meet investors, partners and potential future customers.

Digital transport network wins pitch

The jury of the “European Startup Prize for Mobilty” had selected ten finalists from among 500 candidates on criteria such as their ecological and social impact and the degree of innovation of their product or service. The finalists pitched their businesses to ten personalities from transport, technology and economy, as well as the co-founders of the prize: MEP Karima Delli, the Boston Consulting Group and the start-up accelerator specialising in new mobility, Via ID.

Rolf-Dieter Lafrenz, CEO of Cargonexx told Hamburg Startups: “We convinced the European jury not only because of our business model, but also our team which has led Cargonexx to success with experience and passion. Our offer is cost-effective for companies sending freight, efficient for transport companies and sustainable for all those involved in transport – a win-win-win solution.”

Greater efficiency thanks to artificial intelligence

Cargonexx reduces empty runs in truck transport through artificial intelligence. Launched in late 2016, the German start-up is building Europe’s largest network of truck capacities with more than 60,000 lorries. Shippers just have to click once to order truck loads. The orders are forwarded automatically to the most suitable truck. Self-learning neural networks predict peak loads and send the trucks wherever required in advance.

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