CityFreighter Develops Customized Electric Delivery Trucks for Fleet Operators

Last Mile logistics will change, and they face a lot of future challenges. eCommerce is exploding. By 2030, 70% of all people will live in bigger cities. There is an increasing shortage of drivers. The demand for sustainable, compact, pollution-free commercial vehicles is steadily growing. Furthermore, upcoming regulatory changes for inner-city traffic will lead to a rapid increase in the sales of commercial, electric vehicles for urban deliveries. All that takes place in a market estimated globally at $ 729 billion by 2028 of which up to 35% from urban light-duty truck sales.

Problem Lies Beyond Switching to Electric Motors
CityFreighter believes the problem in the industry lies beyond just swapping fossil fuel operated motors with electric ones. Electric drivetrains and batteries are quickly becoming commodities. We will disrupt the traditional business model of truck manufacturers by developing customized vehicle concepts, which seamlessly integrate into the physical- and IT-infrastructures and evolving business requirements of fleet operators. We view the delivery truck of the future as part of a fully, digitally connected value-chain spanning from distribution center to recipient. CityFreighter's modular approach enables precisely such customization of key infrastructure components for the serial production of commercial vehicles, and that is a key differentiator compared to large OEMs and other competitors. Developing fully customized trucks for large fleet operators becomes a reality.

Michael Schoening, President CityFreighter Inc.:

"Our modular approach significantly reduces tooling costs, development time and supports our fast go-to-market plans via a quickly scalable production volume. It will allow us to rapidly develop different designs for different customers' value-chain requirements."

CityFreighter is planning to present the first prototype in early 2019 with production starting in Q3 2019. The company is currently raising funds through a Title III- Regulation Crowdfunding Campaign on Startengine

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SOURCE CityFreighter Inc.

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