HHerko Alternative Trucks
Herko Alternative Trucks is a Basque manufacturer of light zero-net-emission industrial trucks for last-mile delivery and urban services, powered by BioAutogas/Autogas engines. Founded in November 2021 as a spin-off of engine maker BeGas Motor together with trailer manufacturer Leciñena, its flagship BIOS 35 is billed as the first European truck with a 100% bioautogas engine, cutting CO2 by ~80%. It assembles vehicles at an 8,000 m2 plant in Abanto-Zierbena (Bizkaia) with capacity for up to 3,000 trucks/year, has raised roughly €16-18M across rounds (including a €4.22M CDTI Innvierte co-investment), and signed a deal with China's JAC Motors to commercialize up to 10,000 trucks in Europe by 2030.
SectorsMobility & Logistics, Energy & Climate, Deeptech & Hardware, Automotive Manufacturing, Last-mile delivery
Start-up MapMobility & Logistics › Vehicle & fleet manufacturing
Founders
J
Juan Manuel Melgarejo
Co-founder & President
Global models 4
A
Arrival
United Kingdom · arrival.com ↗
Venture-backed maker of zero-emission vans and light commercial vehicles for last-mile delivery fleets, built in small local plants.
~$1BComparable
VVolta Trucks
Sweden · voltatrucks.com ↗
Builds purpose-made zero-emission urban delivery trucks and sells them to logistics fleets for city and last-mile work.
~$400MComparable
HHarbinger Motors
United States · harbingermotors.com ↗
Makes low-emission medium-duty truck chassis for delivery and service fleets, a close match to Herko's urban industrial trucks.
~$300MComparable
TTevva
United Kingdom · tevva.com ↗
Built low-emission 7.5-tonne and larger trucks for urban logistics fleets as an alternative to diesel.
~$150MComparable
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Notes: Most funded first
Investors 8
Open as list →
CCentro para el Desarrollo Tecnológico y la Innovación
www.cdti.es
EEaso Ventures
www.easoventures.com
IInveready
inveready.com
EEkarpen Private Equity
ekarpen.es
IItzarri EPSV
www.itzarri.eus
BBBK Fundazioa
P
Proyectos Aguamarina
MMundualdatu
Funding rounds 2
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2025-04-21 | Series A (estimated) | €4.2M partial: only one investor's ticket was disclosed |
Lead not disclosed
+6 more
|
| 2022-04-21 | Seed | €900K partial: only one investor's ticket was disclosed |
Lead not disclosed
+3 more
|
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