# DroidDrive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/droiddrive

- Industry: Consumer Services
- Headquarters: Aachen, Germany
- Website: www.ducktrain.io
- Total disclosed funding: $1.8M
- Latest round: Seed (Dec 7, 2021)
- Investors on record: 6

## About

DroidDrive GmbH develops advanced digital solutions that streamline logistics and transportation processes. Their innovative technology enhances efficiency and connectivity in supply chain management.Founded in 2018 by Kai Kreisköther, DroidDrive GmbH is based in Aachen, Germany. The company focuses on optimizing transport operations and logistics through digitalization. In December 2021, DroidDrive raised EUR 1.50 mn in Seed funding led by Earlybird Venture Capital, with participation from Be10x Capital, EIT InnoEnergy, NRW Bank, and Wi Venture. The total amount raised by the company is EUR 1.50 mn, with a current valuation of EUR 5.839 mn. The company has completed two deals to date.DroidDrive GmbH specializes in providing innovative logistics solutions tailored for efficient supply chain management. Their offerings include smart transport management systems designed to enhance operational efficiency, reduce costs, and improve overall service quality. The company serves various sectors within the logistics ecosystem, targeting businesses looking to streamline their transportation processes and improve connectivity.In 2021, DroidDrive GmbH reported a revenue of EUR 1,901.90, accompanied by an EBITDA of EUR -1,053,448.20. This financial performance reflects the company’s ongoing investment in developing its services and technology while navigating the early stages of its growth trajectory.DroidDrive GmbH plans to launch new features focused on enhancing user experience in logistics management by the end of 2023. The company aims to expand its reach into key European markets, specifically targeting France, the Netherlands, and the United Kingdom by 2024. The recent Seed funding of EUR 1.50 mn will support these initiatives, particularly the development of new technologies and market entry strategies, thereby bolstering DroidDrive’s competitive positioning in the logistics sector.

## Funding rounds

- Seed, Dec 7, 2021 — Earlybird, NRW Bank, InnoEnergy, Kopa Ventures, Be10x Capital
- Seed, Nov 4, 2020, $1.8M — Plug and Play, InnoEnergy, Kopa Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed
- Kopa Ventures (https://capitalatlas.ai/funds/kopa-ventures) — Seed
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed
- NRW Bank — Seed
- Be10x Capital (https://capitalatlas.ai/funds/be10x-capital) — Seed