FERNRIDE raises USD 50M Series A for autonomous yard trucking

Sep 20, 2023 · Funding · Fernride · Logistics

FERNRIDE closed an additional USD 19 million to bring its Series A funding round to USD 50 million.

Fernride company media
Company media · Fernride
  • The funding supported autonomous electric yard-trucking systems for logistics operations.
  • FERNRIDE described the round as backing its human-machine collaboration approach to automated logistics.
  • The capital supports warehouse automation and material-handling workflows as FERNRIDE moves toward broader commercial use.

Fernride develops autonomous and teleoperated yard-truck systems for container terminals, logistics yards and industrial sites. Its ground-autonomy platform combines vehicle-agnostic hardware, autonomy software and human oversight, and Quantum Systems announced the acquisition of Fernride in 2025.