Trind Ventures participates in Bahn Express's €5M funding round
Bahn Express, an automotive logistics platform for car transport, has announced a new €5M seed funding round led by node.vc and Innovestor, with participation from EstVCA member fund Trind Ventures, and a syndicate of angel investors, including founders and key employees of Wolt, Swappie, and Smartly.
With the new funds, the company will rapidly expand its presence across key EU markets, including Germany, Sweden, Poland, and Denmark, with new markets to follow. Additionally, the company is planning significant hiring for its Helsinki HQ to improve and expand its offering.
Reima Linnanvirta, Partner at Trind Ventures, commented: "When we first invested in the company, we made a heavy bet on the team. After sharing this journey with them for a year, we have witnessed that their execution is second to none, and they have proven this with exceptional growth."
The car logistics market in Europe is worth seven billion euros and is largely dominated by trucking companies. While several companies offer local transportation within individual EU countries, Bahn Express has an international-first mindset, which offers unique import and export capabilities in addition to local services.
Matias Blomberg, Co-Founder and CEO of Bahn Express, said: "The automotive industry is one of the most high-tech and archaic industries at the same time. While innovation in manufacturing is booming, the processes for getting cars to customers haven't changed much in decades, with cars still being shipped across Europe on trucks. With this investment round, we can rapidly scale our innovative solution to European markets, where we know the demand for more seamless processes is high."
The company's long-term vision is to give every person access to any car, anywhere, at any time, with two-day delivery. The company is already partnered with major automotive players like Kamux, Autohuset Vestergaard, and Aampere, another of our portfolio companies.
For more information, please visit Trind Ventures' blog.
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