Meight funding news – Portugal-based Meight has Raised €3.4 Million in Funding

Launched in 2021, it created a platform that helps trucking companies manage their operations paperlessly and automatically across Europe. The platform is easy to set up and integrate, helping companies with everything from route planning to reporting, making freight management faster, more efficient, and more eco-friendly.

It focuses on the 95% of carriers that are mostly family-owned businesses, helping them go digital for better efficiency and competitiveness.

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It's easy-to-use platform covers every step of the freight process, from booking and dispatch to route planning and real-time monitoring in Autopilot. The technology optimizes routes, reduces unnecessary trips, and enables paperless, automated operations across Europe.

The funding was led by Cusp Capital and supported by Grupo Lusiaves, Faber, and EIT Urban Mobility.

According to Dr Maximilian Rowoldt, General Partner at Cusp Capital: “Road freight carriers are the backbone of logistics, with over 500k carriers moving 77 per cent of inland freight in Europe alone. Meight empowers the operations of road carriers with a first-of-its-kind system of intelligence and provides direct ROI for customers via their patented fuel savings feature."

Top logistics companies in Europe are already using Meight’s platform. With this new funding, the company plans to grow, add more features, and keep improving the trucking industry.

This funding will help it to expand its platform, add new features, and make the freight management process more efficient for both small and large carriers.

About Meight

At Meight, they aim to understand movement and use that knowledge to improve transportation. By analyzing data from millions of journeys, they predict drivers' next moves, helping them save money and reduce waste. Step by step they are changing how people move.Portugal-based Meight has Raised €3.4 Million in Funding