MagicPallet operates the first online Euro-pallet exchange solution, allowing carriers, manufacturers and retailers to exchange Europallets quickly and on demand. The platform aims to eliminate unnecessary and costly journeys for relocating pallets, thereby reducing road freight carbon emissions. It also promotes reuse of the Europallet to help combat deforestation. The €2.5M raised will fund completion of operational and organizational stages and further development of its digital platform to enable more exchanges and address other pallet-relocation problems. MagicPallet plans to make its solution available to all supply-chain participants, roll out the service globally and recruit additional staff. Since launching in December 2018, the company has received the FrenchTech label, won several innovation awards and holds the Solar Impulse Efficient Solutions label.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2020