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November 30, 2022

Modility receives funding from federal program "Zukunft Schienengüterverkehr"

From November 2022, the logistics startup Modility will receive funding from the Federal Ministry of Digital Affairs and Transport (BMDV) as part of the federal program "Zukunft Schiengüterverkehr” (Future of Rail Freight Transport). The means will be used to drive forward the development and integration of new functions, thus opening up further user groups on the supply and demand side. The project will run until October 2024.

Modility has developed a booking and brokerage portal for combined transport in Europe. Combined transport (CT) involves the use of different modes of transport within a supply chain, such as rail and truck. Operators can use the platform to market their transport capacities and freight forwarders can find them as easily as in a search engine and book them directly if required.

© Modility: Managing Director Hendrik-Emmanuel Eichentopf
© Modility: Managing Director Hendrik-Emmanuel Eichentopf

Funding accelerates Modility's growth

Modility was launched in March 2021 as a spin-off of Hamburger Hafen und Logistik AG (HHLA). As of today, 40 train operators are already registered, marketing a bookable range of more than 650 rail connections in Europe with approximately 2,500 departures per week via the portal. In total, more than 350 companies are registered as users of Modility. The four-digit booking volume target for this year has been exceeded. In 2023, it is to grow further - also with the help of the new funding. Three packages of measures are planned for this purpose. These include more precise mapping of transport prices and available train capacities, acceleration and simplification of the booking process, and mapping of processes for major customer organizations. In addition, a possibility for the technical connection of further transport platforms is to be implemented.

"Since the market launch in March 2021, we have achieved rapid development with Modility.rapid development. The successful pilot as well as increasing user and booking numbers have shown us how great the need and potential for our solution are in the market. With the new funding, we can now take Modility to the next level in terms of functionality, making it easier for users to switch to more climate-friendly CT transport."
Modility Managing Director Hendrik-Emmanuel Eichentopf
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Startup City Hamburg

Startup City Hamburg is the central point of contact for Hamburg's startup ecosystem: we report on news & events, founders, and success stories from the scene, provide context on current developments, and keep track of funding opportunities. With personalized guidance from our Startup Guides and a network of founders, investors, and institutions, we give aspiring founders and startups an overview of the ecosystem.

Startup City Hamburg is part of IFB Innovationsstarter GmbH and is funded by the Free and Hanseatic City of Hamburg through the Ministry of Economics, Labour and Innovation (BWAI).

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