NexDash raises €5M and launches AI-powered, fully electric road freight model
Only three months after its founding, NexDash has secured €5 million in seed funding to build Europe’s first Neo-Carrier for electric trucks. Founded by Michael Cassau – who previously built tech-rental unicorn Grover – the company aims to accelerate the electrification of Europe’s highly fragmented and under-digitalised road freight sector.
Heavy-duty trucks account for around 35% of transport-related CO₂ emissions, yet over 90% of logistics operators run small, outdated diesel fleets with limited capital and low digitalisation. Despite the economic advantages of electric trucks, high upfront costs, operational complexity, and minimal charging infrastructure have slowed adoption.
NexDash addresses these structural challenges with NexOS, an AI-powered operating system that orchestrates fleets, energy, and financing in real time, providing the digital backbone for electric – and, in the future, autonomous – logistics.
Through a combined digitalisation, electrification, and consolidation model, NexDash acquires mid-sized logistics operators, rapidly electrifies their fleets using scalable structured financing, and operates them via its Trucking-as-a-Service (TaaS) platform. The result is a scalable, economically sustainable model for zero-emission, data-driven freight transport.
“Germany’s electrification starts with logistics,” says Founder and CEO Michael Cassau. “We consolidate, transform, and electrify diesel fleets – building Trucking-as-a-Service made in Europe. The last decade was about neobanks; the next is about neo-carriers.” Cassau is joined by Karsten Sachsenröder, former top executive at DB Schenker.
Investors describe NexDash as an inflection point for the industry. Joern-Carlos Kuntze, Partner at Extantia Capital, notes: “Electrification in heavy-duty transport doesn’t fail because of technology, but because of orchestration. NexDash integrates software, infrastructure, and capital where it matters most – in operations.” Daniel Goldman, Managing Partner at Clean Energy Ventures, highlights the company’s scalable, data-driven model in a sector “ripe for disruption.”
The €5 million seed round will support acquisitions, deployment of the first electric trucks, charging infrastructure, and further development of NexOS as NexDash builds a next-generation, zero-emission logistics network across Europe.
For more startup news, check out the other articles on the website, and subscribe to the magazine for free. Listen to The Cereal Entrepreneur podcast for more interviews with entrepreneurs and big-hitters in the startup ecosystem.
