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Smartlane GmbH

Smartlane GmbH Secures EIC Accelerator Funding for AI-Driven Logistics Optimization Project

GermanyEIC Accelerator2021

Table of Contents

  1. The EIC Accelerator Project
  2. The Funding Rounds
  3. The Press Releases
  4. The Technology Advancements
  5. The Partnerships and Customers
  6. The Hiring and Company Growth
  7. The Media Features and Publications

1 The EIC Accelerator Project

The EIC Accelerator Program: An In-Depth Overview

The European Innovation Council (EIC) Accelerator program is a strategic initiative designed to support startups and small and medium-sized enterprises (SMEs) in Europe, particularly those engaged in high-risk, high-potential innovation. Launched under the Horizon Europe framework, the EIC Accelerator aims to foster the development and scaling of breakthrough technologies that can significantly contribute to the European economy and society. The program focuses on DeepTech sectors, which include advanced materials, biotechnology, AI, and other cutting-edge domains.

Funding Structure: Grant and Equity

The EIC Accelerator offers a dual funding mechanism comprising a grant and an equity investment.

1. Grant Funding: Companies can receive a grant of up to €2.5 million. This funding is intended to cover specific costs associated with innovation activities, such as research and development, prototyping, and testing. The grant is particularly useful for early-stage companies that may not yet have a steady revenue stream but require financial support to bring their innovative ideas to fruition.
2. Equity Funding: In addition to the grant, the EIC Accelerator provides equity investments to accelerate growth. Until 2024, eligible companies can obtain up to €15 million in equity funding. Beginning in 2025, this amount will be reduced to a maximum of €10 million. The equity investment is designed to help companies scale their operations and leverage additional private sector funding, thereby enhancing their market competitiveness.

Purpose of the EIC Accelerator

The primary purpose of the EIC Accelerator is to bridge the funding gap that often exists for innovative startups within the European DeepTech ecosystem. Many of these companies struggle to secure sufficient funding from traditional sources, such as banks or venture capitalists, due to the inherent risks associated with pioneering technologies. By providing accessible funding, the EIC Accelerator plays a crucial role in nurturing innovation, encouraging entrepreneurship, and contributing to economic growth across Europe.

Role in Scaling Companies and Securing Private Sector Funding

The EIC Accelerator not only provides financial resources but also offers strategic support in navigating the complex landscape of scaling a startup. Successful applicants benefit from a tailored approach that includes mentorship, networking opportunities, and access to potential investors. This multi-faceted support system enhances a company's ability to attract additional private sector funding, which is essential for sustained growth and market entry.

EIC Accelerator Winner: Smartlane GmbH

Company Overview: Smartlane GmbH, a German startup, has made significant strides in the logistics sector with its innovative approach to transport optimization. The company recently won the EIC Accelerator funding for its project, LogisticsBrain.

Project Overview: LogisticsBrain is a self-learning AI-based transport optimization software as a service. It is designed to handle complex logistics scenarios in real time, enabling significant savings in costs, CO2 emissions, and tyre wear. This innovative solution not only optimizes routes but also considers various dynamic factors such as traffic conditions, weather, and vehicle capacities.

Funding Type: Smartlane GmbH received grant funding only under the EIC Accelerator program to further develop and enhance LogisticsBrain.

Website: More information about Smartlane GmbH and LogisticsBrain can be found at smartlane.de/de/.

Country: Germany

Date of EIC Accelerator Cut-off: Smartlane GmbH submitted its Step 2 proposal on June 16, 2021, and subsequently succeeded in the Step 3 interview, securing funding for its project.

Technology Basics and Background

LogisticsBrain represents a significant advancement in the field of transport optimization through the use of artificial intelligence. At its core, the technology employs machine learning algorithms that continuously analyze vast datasets related to transportation logistics. By learning from historical data and real-time inputs, the software can predict optimal routes and transport strategies that minimize costs and environmental impact.

Machine learning plays a crucial role in enhancing the software's capabilities. The algorithms adapt as they process more data, allowing LogisticsBrain to improve its efficiency over time. This self-learning feature means that the software can respond to changing conditions—such as sudden traffic congestion or unexpected weather events—ensuring that logistics operations remain smooth and cost-effective.

In summary, the EIC Accelerator program is a vital component of the European innovation landscape, particularly for DeepTech startups like Smartlane GmbH. By providing essential funding and support, the program enables companies to innovate and scale effectively, contributing to a more sustainable and competitive European economy.

2 The Funding Rounds

Since receiving the EIC Accelerator funding on June 16, 2021, Smartlane GmbH, a Munich-based provider of AI-driven transport optimization software, has secured additional funding to bolster its growth and product development.

Funding Rounds and Amounts

In January 2022, Smartlane completed a Series A financing round, raising over €4.5 million. This was complemented by a €1.7 million grant from the European Innovation Council (EIC), bringing the total funding to over €6.2 million. (businesswire.com)

Investor Information

The Series A round was led by JOVA Direkt Invest GmbH, an investment vehicle of the blueworld.group, with participation from existing investors, including F-LOG Ventures, Freigeist Capital (the investment arm of Frank Thelen), Ideenschaft Invest, Ippen.Media, and MobilityFund. (businesswire.com)

Use of Funds

The capital raised is intended to expand Smartlane's team, strengthen its market position in AI-based transport optimization, and advance product development towards enabling autonomous logistics systems capable of fully managing the dispatch process. (businesswire.com)

Company Valuation

While specific valuation figures for the Series A round are not publicly disclosed, estimates suggest that Smartlane's post-money valuation was approximately $51.6 million, assuming a 10% equity sale in the $5.1 million Series A round. (getlatka.com)

Additional Funding Rounds

Prior to the EIC Accelerator funding, Smartlane secured several funding rounds:

  • October 2019: Seed Round
  • March 2021: Seed Round
  • February 2017: Seed Round
  • June 2016: Seed Round

These earlier rounds contributed to the company's growth and development in the logistics technology sector. (getlatka.com)

As of April 2025, there are no publicly available records of additional funding rounds or significant valuation changes for Smartlane GmbH beyond the Series A round in January 2022. The company continues to focus on enhancing its AI-based transport optimization solutions for the logistics industry.

3 The Press Releases

Since receiving the EIC Accelerator funding on June 16, 2021, Smartlane GmbH, a Munich-based software company specializing in AI-driven transport optimization, has made significant strides in product development, strategic partnerships, and team expansion.

Product Developments and Partnerships

  • December 14, 2023: Smartlane announced a collaboration with LIS to integrate AI-based route planning into graphical dispatching systems. This partnership aims to enhance the efficiency and accuracy of logistics operations by leveraging Smartlane's advanced algorithms. (smartlane.ai)
  • May 10, 2023: The company introduced a new route optimization software for Emons, deploying it across over 20 branches. This software is designed to streamline dispatch processes and improve delivery performance. (smartlane.ai)
  • September 5, 2023: Dr. Mathias Baur, a co-founder of Smartlane, stepped down as managing director. This leadership change is part of the company's ongoing efforts to adapt and evolve its management structure. (smartlane.ai)
  • October 17, 2022: Smartlane secured a European Union project focused on network optimization, marking a significant milestone in its expansion and recognition within the logistics sector. (smartlane.ai)
  • September 14, 2022: The company partnered with ecovium to develop innovative route optimization and automation solutions, aiming to revolutionize logistics processes through advanced technology. (smartlane.ai)

Team Expansion and Company Culture

In 2022, Smartlane experienced substantial growth, with the team more than doubling in size. The company emphasized team spirit and innovation, organizing various events such as team breakfasts, offsite meetings, and a soccer tournament to foster a collaborative and dynamic work environment. (smartlane.ai)

Financial Milestones

On January 11, 2022, Smartlane secured over €6 million in financing. This funding included €1.7 million in EU support and more than €4.5 million from JOVA Direkt Invest GmbH and existing investors. The capital is intended to bolster the company's product development and market expansion efforts. (ca.marketscreener.com)

Intellectual Property and Technological Advancements

Smartlane continues to strengthen its intellectual property portfolio, focusing on AI-driven transport optimization solutions. The company's technology aims to digitalize and automate transport planning, reducing dispatching efforts by up to 90% and optimizing resource utilization to decrease operating costs and CO₂ emissions by up to 21%. (ca.marketscreener.com)

Through strategic partnerships, significant financial investments, and a commitment to innovation, Smartlane GmbH has solidified its position as a leader in AI-based transport optimization, driving advancements in logistics efficiency and sustainability.

4 The Technology Advancements

Smartlane GmbH, established in 2015 and headquartered in Munich, Germany, specializes in AI-driven transport optimization solutions for the logistics industry. Their flagship product, Smartlane Transport Intelligence, is a self-learning, cloud-based software designed to automate and optimize transport planning, particularly in part-load distribution logistics. This technology aims to reduce dispatching efforts by up to 90%, enhance resource utilization, and decrease CO₂ emissions by up to 21%. (businesswire.com)

Since receiving the EIC Accelerator funding on June 16, 2021, Smartlane has made significant advancements. In January 2022, the company secured over €6 million in financing, including a €1.7 million EU support grant and more than €4.5 million from JOVA Direkt Invest GmbH and existing investors. This funding has facilitated the expansion of their team and accelerated product development, reinforcing their position in the AI-based transport optimization market. (businesswire.com)

Technological enhancements include the introduction of the Smartlane API, which offers tools for managing and analyzing transport processes. This API enables users to define shipments, vehicles, and optimize routes, thereby streamlining logistics operations. (docs.smartlane.ai)

Smartlane has also demonstrated its technology in the market by collaborating with various part-load distribution small and medium-sized businesses (SMBs), including members of the Cargoline network. These partnerships showcase the practical application and effectiveness of their solutions in real-world logistics scenarios. (businesswire.com)

Regarding intellectual property, there is no publicly available information indicating that Smartlane has filed new patents or published recent scientific studies, clinical trials, or whitepapers since their EIC Accelerator funding. The company's focus appears to be on product development and market expansion during this period.

5 The Partnerships and Customers

Since receiving the EIC Accelerator funding on June 16, 2021, Smartlane GmbH, a Munich-based software company specializing in AI-driven transport optimization, has significantly expanded its partnerships and customer base, enhancing its market position and technological capabilities.

New Partnerships and Customers

In October 2022, Smartlane secured a €1.7 million grant from the European Innovation Council (EIC) for the "Logistics Network Engine" project, focusing on network optimization in logistics. This initiative led to collaborations with prominent logistics companies:

  • Offergeld Logistik: A contract logistics provider participating in prototype testing.
  • FIEGE: A logistics innovation leader involved in the practical implementation of the project.

These partnerships aim to develop and test prototypes for network optimization, including multi-day LTL/FTL tour optimization and single-network optimization. The project is expected to run for three years, with initial prototypes slated for deployment in 2023. (smartlane.ai)

Nature and Purpose of Relationships

The collaboration with Offergeld Logistik and FIEGE is designed to integrate Smartlane's AI-based optimization software into real-world logistics operations. By co-developing and testing prototypes, these partnerships aim to refine network optimization strategies, enhance operational efficiency, and address complex logistical challenges. The focus on multi-day LTL/FTL tour optimization and single-network optimization seeks to improve resource utilization, reduce operational costs, and increase delivery reliability. (smartlane.ai)

Market Positioning

These strategic alliances position Smartlane as a key innovator in the logistics sector, particularly in network optimization. Collaborating with established industry leaders like Offergeld Logistik and FIEGE enhances Smartlane's credibility and visibility in the market. The successful implementation of the "Logistics Network Engine" project is expected to strengthen Smartlane's competitive edge, attract new clients, and solidify its reputation as a provider of cutting-edge AI solutions for logistics optimization. (smartlane.ai)

Technological Advancements and Scaling

The partnerships with Offergeld Logistik and FIEGE are instrumental in advancing Smartlane's technology. The collaborative development of prototypes for network optimization will provide valuable insights into practical applications, enabling Smartlane to refine its software and expand its capabilities. The project also facilitates scaling by demonstrating the effectiveness of Smartlane's solutions in large-scale logistics operations, thereby attracting a broader customer base and opening new market opportunities. (smartlane.ai)

Through these strategic partnerships and the successful execution of the "Logistics Network Engine" project, Smartlane GmbH is poised to enhance its technological offerings, strengthen its market position, and drive growth in the logistics optimization sector.

6 The Hiring and Company Growth

Smartlane GmbH, a Munich-based company specializing in AI-powered transport optimization, received EIC Accelerator funding on June 16, 2021. (pressebox.de) Since then, the company has demonstrated significant growth in its team and operations.

Current Team Size and Hiring Status

As of October 2021, Smartlane GmbH employed 19 individuals. (bouncewatch.com) The company has been actively expanding its team, with a focus on various key positions. Their career page indicates ongoing recruitment efforts, suggesting a continued increase in headcount. (smartlane.ai)

Growth and Recent Hires

While specific numbers detailing the exact growth in team size post-funding are not publicly disclosed, the active recruitment efforts and the expansion of their career page indicate a strategic focus on scaling operations. The company has recently hired for positions such as Research Engineer, Senior People Manager, and Head of Marketing. (smartlane.ai)

Implications of New Team Members

The addition of these key roles is poised to enhance Smartlane's capabilities in technology development, human resources management, and marketing. The Research Engineer will contribute to advancing AI technologies, the Senior People Manager will strengthen organizational culture and employee development, and the Head of Marketing will drive brand awareness and customer engagement. Collectively, these hires are expected to support the company's growth trajectory and its mission to revolutionize transport logistics through AI-driven solutions.

Management and Founding Team Changes

There is no publicly available information indicating major changes in Smartlane's management or founding team since the EIC Accelerator funding. The company's leadership appears to remain consistent, focusing on strategic growth and innovation in the transport optimization sector.

In summary, since receiving EIC Accelerator funding in June 2021, Smartlane GmbH has been actively expanding its team, particularly in key technical and managerial positions. This growth is expected to bolster the company's ability to scale operations and continue its mission of transforming transport logistics through AI-powered solutions.

7 The Media Features and Publications

Smartlane GmbH, a Munich-based software company specializing in AI-driven transport optimization, has been actively featured in various media outlets and participated in numerous industry events since receiving the EIC Accelerator funding on June 16, 2021.

Media Features and Publications:

  • January 11, 2022: Smartlane announced securing over €6 million in financing, comprising €1.7 million in EU support and more than €4.5 million from JOVA Direkt Invest GmbH and existing investors. This funding aims to bolster the company's market position in AI-based transport optimization. (ca.marketscreener.com)
  • April 20, 2022: The company highlighted its AI capabilities in enhancing logistics efficiency, emphasizing the potential to increase shipment volumes while reducing costs and CO₂ emissions. (smartlane.ai)
  • May 5, 2022: Smartlane's collaboration with Hartmann International was featured, focusing on smarter dispatching solutions. (smartlane.ai)
  • July 5, 2022: The partnership with Anaxco for rapid and precise route planning was announced, showcasing advancements in logistics optimization. (smartlane.ai)
  • September 14, 2022: A cooperation with ecovium for innovative route optimization and automation was reported, highlighting Smartlane's commitment to technological advancements in logistics. (smartlane.ai)
  • September 5, 2023: The resignation of co-founder Dr. Mathias Baur as managing director was announced, marking a significant leadership change within the company. (smartlane.ai)

Events and Conferences:

  • LogiMAT 2025: Scheduled for March 11, 2025, in Stuttgart, Smartlane's CEO, Monja Mühling, is set to engage with customers, partners, and interested companies. (smartlane.ai)
  • Transport Logistic 2025: Taking place from June 2 to June 5, 2025, in Munich, this event serves as a global hub for the logistics industry, where Smartlane plans to showcase its solutions. (smartlane.ai)
  • Freight and Logistics Day Hessen/Rheinland-Pfalz 2024: Held on September 24, 2024, in Mainz, Smartlane participated alongside a customer from the SLV association, contributing to discussions on current logistics topics. (smartlane.ai)
  • Logistics Summit 2024: Scheduled for October 9-10, 2024, in Düsseldorf, this trade fair and conference focuses on digitalization and innovation in logistics, with Smartlane's presence anticipated. (smartlane.ai)
  • 20 Years SLS.Works Anniversary 2024: On November 21, 2024, in Erkrath, Smartlane participated in the anniversary event of its partner company, SLS.Works, engaging in panel discussions, presentations, and exhibitions. (smartlane.ai)

Interviews and Podcasts:

While specific interviews or podcast appearances by Smartlane's team since June 16, 2021, are not detailed in the available sources, the company's active participation in industry events and collaborations suggests ongoing engagement with media and industry leaders.

In summary, since receiving the EIC Accelerator funding, Smartlane GmbH has been prominently featured in various publications and has actively participated in multiple industry events, reflecting its significant role in advancing AI-driven transport optimization solutions within the logistics sector.

EIC Accelerator Winner - 2021