Read this article in:Munich, characterised by a strong public support system, is the perfect scene for startups to blossom. Just last year, the city’s startup ecosystem considerably increased, placing 2nd in Germany, 6th in Western Europe, and 34th worldwide, according to the Global Ecosystem Index. In 2021, total investment in Munich startups hit a new record high of €4.2B.Munich’s thriving startup community is supported by guidance and resources from other startups, including coaching, financing, legal entity incorporation advice, and digital incubation. Success stories act as breeding grounds for talent, skills, and capital that provide strong fundamentals for the ecosystem’s future.Munich also benefits from the presence of strong universities and research institutes such as the Technical University Munich, Fraunhofer, and the DLR. This tech-driven ecosystem is marked by a culture of action and innovation, where individuals with strong ideas and determination drive the city’s progress.Not only are these startups making waves in the city, but they are also recruiting talents to help realise their big plans.So now, we bring you the list of those Munich-based startups to watch out for in 2024.FERNRIDEFounders: Hendrik Kramer, Jean-Michael Georg, Maximilian Fisser- A message from our partner -Founded Year: 2019Funding: $61M (€56.4M)Hiring: Yes, check out the job opportunities here.Fernride’s mission is to address the trucking industry’s two core challenges: the current shortage of 400,000 truck drivers in the EU and the 39 per cent GHG emissions attributed to diesel-powered trucks.As an end-to-end solution provider for autonomous, electric trucking, Fernride aims to accelerate the transformation of the logistics industry. Their approach integrates humans, which they refer to as teleoperators, into the system.As pioneers in automated and sustainable logistics, Fernride’s clientele includes Volkswagen Group Logistics, DB Schenker, HHLA, and BSH

Tacto helps mid-sized industrial organisations manage the rising complexity of supply chains.