Mobility/Transport/News/ A German startup has bought a chunk of Uber Sennder acquires Uber’s European freight business, making Uber a minority stakeholder in the startup By Freya Pratty 16 September 2020 \Sustainability Meet the startups building the Teslas of the sea By Mimi Billing 7 July 2022 Member Mobility/Transport/News/ A German startup has bought a chunk of Uber Sennder acquires Uber’s European freight business, making Uber a minority stakeholder in the startup By Freya Pratty 16 September 2020 Berlin-based startup sennder has acquired Uber’s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market. As part of the transaction, sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme, where sennder will refer US freight customers to Uber and vice versa. Sennder is one of a number of freight businesses coming out of Berlin’s tech scene, aiming to digitise a still pen-and-paper industry. The company matches trucks with cargo to reduce the number of return journeys trucks do empty. The startup, founded in 2015, has already expanded once this year, buying French freight company Everoad in June. Before that, it also established a partnership with Poste Italiane, the largest freight operator in Italy. Sennder is backed by over €120m in funding from the likes of Accel, Lakestar, HV Ventures, Scania and Project A. “This acquisition [of the Uber business] strengthens our position as Europe’s number one digital logistics provider,” said David Nothacker, the chief executive and cofounder of sennder. Sennder plans to establish a new office in Amsterdam, meaning it will have offices in seven countries across Europe. The company currently has 60,000 carriers and has said it aims to reach €1bn in revenue by 2024. Uber Freight was founded in 2017, and the company only entered the German market last year. “This collaboration with sennder allows us to further extend our reach in Europe while doubling down on our Uber Freight business in North America, and to jointly push the digital freight industry forward,” said Lior Ron, head of Uber Freight. Related Articles Berlin’s black tech workers face discrimination By Steven Perlberg in Berlin Click here to read more A new tech hub joins the fray in mobility-mad Berlin By Jill Petzinger Click here to read more Creandum backs youngest founder yet for Berlin-based productivity app By Miriam Partington in Berlin Click here to read more Most Read 1 \Fintech What goes up must come down: A journey through Klarna’s valuation history 2 Member \Venture Capital Are we in a downturn? What the data tells us about European tech in 2022 3 \Public & Academic Europe’s top 10 ‘unicorn universities’ 2022 4 Member \Venture Capital Web3 investors: The most active seed-stage VCs in Europe 5 \Startup Life Should startup employees set their own salaries? Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
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