[Funding alert] Belgian-based Peripass Raises €7.5 Million in Funding

Saturday 3, 2024 | By Startup Rise EU

Belgian-based Peripass Raises €7.5 Million in Funding. Companies are forced to review their procedures and embrace digital transformation due to the present labor shortage in the logistics and transportation sectors.

Belgian-based Peripass Raises €7.5 Million in Funding. Companies are forced to review their procedures and embrace digital transformation due to the present labor shortage in the logistics and transportation sectors.

Although production efficiency is maximized in the plant, Peripass helps because this does not transfer to the yard. Peripass successfully cuts driver waiting times by up to 70% by digitally optimizing trailer movements.

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This results in significant cost savings for logistics locations by reducing CO2 emissions and accident rates while simultaneously increasing efficiency and comfort.

Roald Borré, Portfolio Manager at Welvaartsfonds shared, "Peripass has an impressive vision for the future of manufacturing and logistics sites. In a sector where every second counts, drivers often face unnecessary delays. We were impressed by the innovative solution, the proven return on investment, and the team's passion. We look forward to helping Peripass achieve its global ambitions."

Leander Naessens, CEO of Peripass shared: "Our customers often have locations in different countries and continents. They have experienced the value of Peripass on their European sites and are now asking us to follow them across the globe."

Additionally, it will keep making investments in self-service technologies to make the daily responsibilities of logistics personnel and truck drivers easier. Thanks to this technology, truckers can register, complete paperwork, and receive information about loading and unloading places and times via SMS in their native tongue.

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Naessens shared: "Currently, truck parking areas sharply contrast with the high degree of automation in production halls. However, in a future where self-driving, autonomous vehicles become a reality, they will also enter logistics sites.

About Peripass

The yard automation platform is called Peripass. In order to save money and increase safety and visibility in their yards, they assist production facilities and distribution hubs in implementing automation and self-service into their yard operations. Their technology combines hardware and software in a novel way to assist clients in resolving common yard operations issues.

Read also - Galway-based CitySwift Secures €7Million in Funding

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