Futurail, the European deep-tech startup developing an autonomy stack for self-driving trains, announced the closing of a seed round, bringing total funding to €7.5 million. The round was co-led by Asterion Ventures (Paris) and Leap435 (Munich), joined by EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT),a body of the EU and U.S. investors Zero Infinity Partners and Heroic Ventures.
Founded in 2023, Futurail is led by former Tesla, Argo AI, and Edge Case leaders, who previously shaped the rise of autonomous driving in the automotive sector. Now, they are bringing that expertise to rail with a clear mission: to make trains the most attractive mode of transportation. “While leading the Autopilot team at Tesla, I saw how autonomy can completely transform an entire industry,” said Alex Haag, CEO and Co-Founder of Futurail. “We founded Futurail to bring that same revolutionary potential to rail, turning a 200-year-old industry into the backbone of sustainable mobility.” As of today, Futurail is already working with customers in Europe and the US, integrating and testing their system.
Building the first certified system for driverless trains (....)