BaseTracK
Autonomous and assisted driving technologies for trucking.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Support Program | |
| Total Funding | 000k | ||
| EUR | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 17 % | 43 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (9 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
Related Content
BaseTracK is a technology company specializing in autonomous and assisted driving systems for the trucking and logistics industry. Founded in Estonia in 2019 by Andrei Vavilin and Ilya Klyuev, the company focuses on improving fuel efficiency and addressing driver shortages. Vavilin and Klyuev's background in geoinformatics and digital mapping informed their approach to developing all-weather autonomous trucking solutions.
The company's core technology is based on the concept of "Virtual Rails," which are high-precision digital road maps used for both autonomous navigation and driver assistance. For human-driven trucks, BaseTracK offers its "Smart Freight" (SF) solution, which provides real-time driving recommendations and an efficient cruise-control feature. This system analyzes road conditions, weather, and truck-specific data to suggest optimal speeds and accelerations, aiming to reduce fuel consumption by 10-30%. The technology is designed to be retrofitted into existing fleets.
In addition to its driver-assist products, BaseTracK is developing and deploying fully autonomous trucks. In June 2023, the company launched its first autonomous truck in the United Arab Emirates (UAE) and established a research and development office in the Ras Al Khaimah Economic Zone (RAKEZ). The company's vision for autonomous freight involves "Hub2Hub" trucking, where unmanned vehicles handle long-haul, intercity highway routes. BaseTracK's business model includes selling its fuel economy systems and providing autonomous freight services. The company has received funding from investors including AngelsDeck Global Ventures, Mohammed Bin Rashid Innovation Fund, and Plug and Play Tech Center.
Keywords: autonomous trucking, driver assistance systems, ADAS, fuel efficiency, logistics technology, fleet management, geoinformatics, digital mapping, efficient cruise control, freight transportation, smart freight, virtual rails, transport management systems, fuel economy, commercial freight, unmanned cargo, automated driving, hub2hub logistics, digital twin, road user charges