The investment will help Swiss Airtainer meet growing demand for its sustainable containers, which have been validated by several leading pharmaceutical companies, airlines and logistics providers.
In the previous funding round, Swiss Airtainer received start-up grants from venture capital sources including the Swiss Federal Office of Civil Aviation and the Swiss State Secretariat for Education, Research and Innovation.
Swiss Airtainer’s containers are made from lighter, more resilient and durable materials, which can reduce CO2 emissions by 45%, says the company, saving four tons of CO2 on long-haul flights such as round trip between Zurich and San Francisco.
The IATA Air Cargo Innovation Award-winning design has full redundancy in all mission-critical components that incorporates solar panels and six fully redundant high-energy lightweight batteries.
The containers have industry-first, true two-way GSM-based communication capabilities for real-time tracking, alerts and preventive intervention.
They have been approved by regulators including the European Union Aviation Safety Agency and the US Federal Aviation Administration, and are being adopted by airlines and logistics providers.
Eduard Seligman, CEO of Swiss Airtainer, says, “Our vision has always been to provide the most advanced, sustainable, and reliable alternative solutions for temperature-sensitive cargo, and this funding will help us to scale up and move closer to our goal. The trust that several major pharmaceutical companies have already placed in Swiss Airtainer demonstrates the strength of our product and its potential to transform cold chain logistics.”
Dr Ludwig Bertsch, Chairman of the Board of Swiss Airtainer, says, “Swiss Airtainer’s unique technology delivers cost-savings without compromising performance, creating lasting value for our partners and customers. With its modern technology and focus on research and development, Swiss Airtainer provides pharmaceutical companies with a greener and more cost-effective alternative and continues to push the boundaries of what’s possible in cold chain logistics.”