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EN
Futurail secures €7.5m funding to advance autonomous train technology
['Ranjithkumar Dharma']
Railway Technology
European technology company Futurail has secured €7.5m ($8.8m) in a seed funding round to enhance its autonomous train systems.
The funding includes €5.5m in seed investment, €1m in public grants, and €1m from pre-seed conversion.
The funding will enable Futurail to expand its workforce, execute projects with train manufacturers, and pursue regulatory approval for its initial project on depot autonomy.
It already partnered with the Lohr Group, a French transport systems manufacturer, and Parallel Systems, a US startup developing battery-electric freight rail vehicles.
Futurail co-founder and chief commercial officer Maximilian Schoffer said: “What excites our partners is that autonomy unlocks both growth and efficiency.
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