Series B · 2026

The future
of freight

Autonomous, battery-electric railcars — freight that moves itself. In the field and earning since April 2025.

350KTons Hauled
4,816Carloads Moved
$9.6MContracted Revenue
$210MTerm Sheet Valuation
The Proof

350,000 tons.
And counting.

The world's first commercial autonomous railcar deployment: three TugVolts have been moving Carmeuse's Michigan limestone in revenue service since April 2025 — over 6,000 miles and climbing.

No new track. No locomotive. No diesel.

30%Cheaper to Operate (Est.)
+1MTons/Year New Capacity
4,816Carloads in 2025
1.55MTons Projected 2026
The Machine

Meet TugVolt

A standard freight car, retrofitted to drive itself. Battery-electric. Cameras and sensors instead of a crew. Built in St. Louis, scaling toward 1,000 a year.

Hauls Alone Pulls Up to 10 Cars Boosts a Full Train
The Film

America,
back on track

The Customers

Signed on
two continents

UNITED STATES EUROPE ATLANTIC ST. LOUIS HQ & Factory Built in St. Louis CARMEUSE Cedarville, MI World’s First Deployment WATCO Pittsburg, KS 47 US Railroads R.J. CORMAN Nicholasville, KY 20+ US Railroads US ARMY Camp Shelby, MS Operation Sentinel Justice, 2026 ÖBB RAIL CARGO Vienna, Austria 17 Countries

Hover or tap a location for the story

World’s First Deployment

Carmeuse

Cedarville, Michigan

The world’s first commercial autonomous railcar deployment. In revenue service since April 2025 — 350,000+ tons moved, with repeat expansion making up $77M of active proposals.

$9.6MContracted
$265.7MActive Proposals
$77MFrom Repeat Customers
$11.6BCustomer TAM

From world's first to two continents in one year: Intramotev was the first company to commercially deploy an autonomous railcar in revenue service — and in the year since, it signed three more large, scalable customers. Behind it all: rail is a $515B market today, with a $2.7T trucking market to win back.

National Defense

Proven with
the US Army

Camp Shelby, Mississippi — the US Army’s Operation Sentinel Justice: soldiers used TugVolts to stage and reposition railcars for loading. No locomotive, no specialized crew. The need is chronic: qualified Army rail crews are at all-time lows, some locomotives in service are 60–90 years old, and 141 rail-connected installations still have to move.

141Rail-Connected US Installations
90+Power Projection Platforms with Railheads
HoursTo Train a New Operator — Down From Months
The Round

$20M on
the table

A $20M term sheet from a top global infrastructure fund with more than $30 billion under management, at a $210M pre-money valuation. It anchors a $40M Series B to build the future of freight.

$20MTerm Sheet in Hand
$210MPre-Money · $250M Post
$40MSeries B Round
1,000/yrBuild Target

Term sheet is non-binding and subject to definitive documentation and closing. The fund stays unnamed until signing.

The Future of Freight

Freight’s next
century runs itself

1,000/yrManufacturing Target
2026Mainline Rail Expansion
$2.7TFreight to Win Back

The $40M scales manufacturing toward 1,000 TugVolts a year, replicates inside contracted customer networks, and opens mainline rail in 2026. Every deployment makes the network smarter and autonomous freight harder to ignore. This is the beginning of freight that moves itself, everywhere.

Team

Tim Luchini

Tim Luchini, PhD

Cofounder · CEO

15 years leading Boeing engineering and manufacturing teams. Raised over $25M, grew the company past 50 people.

Corey Vasel

Corey Vasel

Cofounder · CTO

Boeing materials and physics engineer. Designed eVTOL battery and powertrain systems, then the TugVolt.

Alex Peiffer

Alex Peiffer

Cofounder · COO

Air Force logistics veteran. Nestlé and Unilever brand builder. Landed the first paying customers.

Ray Betler

Ray Betler

Board Member

Ran Wabtec, the world's largest freight locomotive maker. Grew revenue 5× to over $8B.

John O'Bryan

John O'Bryan

Board Observer

30 years in railcar leasing. CEO of InStar Group, a multi-billion-dollar rail leasing platform.

Stephen Farmen

MG (ret.) Stephen Farmen

Senior Advisor

Retired US Army two-star general. Commanded all surface logistics for the US Army.

Join Us

Get America
back on track

The future of freight is already in the field. The term sheet is on the table.