€140m for CargoBeamer
NewsCargoBeamer has secured €140m in Series B funding from public and private investors to expand semi-trailer handling terminals in Germany and Italy.
A CargoBeamer horizontal mode transfer terminal is to be built at Volkswagen’s plant in Wolfsburg, Germany, to ship out semi-trailers with CKD components bound for Barcelona in Spain. Leipzigbased CargoBeamer is investing €2.5M in the project and unaccompanied rail service is due to start in the early part of this year.
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