Clean Logistics SE (formerly operating as SendR SE) announces that the capital increase against contribution in kind under exclusion of the shareholders' statutory subscription rights resolved by the Annual General Assembly of SendR SE on 15th July 2021 has been entered into the Commercial Register by the Local Court of Hamburg on 25th August 2021. As a result, the share capital of the company increased by 10,509,415.00 euros to 12,227,139.00 euros. In addition, the change of name of the listed SendR SE to Clean Logistics SE ("Clean Logistics"), which was also resolved at the Annual General Assembly, was entered in the Commercial Register. Thus, the change of name from SendR SE to Clean Logistics SE has been completed. The shares of Clean Logistics SE will continue to be listed on the stock exchange under the familiar ISIN DE000A1YDAZ7. With the registration of the capital increase as well as the change of name, the company has completed another important step in its corporate history.
Clean Logistics is revolutionizing the transport sector by converting conventional diesel-powered heavy-duty semi-trailer trucks and passenger buses into zero-emission hydrogen-powered vehicles. As a first mover, the company is thus making an important contribution to the decarbonization of the transport sector.
The first public transport bus converted to hydrogen operation was delivered to Uckermärkische Verkehrsgesellschaft (UVG) on 29th July 2021. The HyBatt bus is Europe's first converted bus with hydrogen fuel cell drive in public transport. The converted Mercedes-Benz Citaro vehicle has a high-performance, completely emission-free energy system with a range of over 300 kilometres. As a pioneer in the conversion of diesel-powered vehicles, Clean Logistics has thus begun to lead the passenger and heavy-duty transport sector in Germany into a climate-neutral future. The second HyBatt bus will be delivered to UVG before the end of the fourth quarter of 2021. At the same time, the first three prototypes of the HyBatt truck will begin test operations this year. These are semi-trailer trucks (40-ton trucks) from the DAF, Mercedes and MAN brands, which together account for around 70% of the European truck market. The Clean Logistics trucks converted to hydrogen operation have a range of 400 to 500 km. The first HyBatt trucks will be converted on behalf of customers as early as the second quarter of 2022. Deliveries to customers are scheduled for the end of 2022.
With the unique combination of fuel cell, non-combustible high-performance batteries, hydrogen tanks and a specially developed and wear-free electric rear axle with wheel hub motors, Clean Logistics is already able to transform polluting semi-trailer trucks and buses into emission-free vehicles. The key element of this development is HYBOSS: The specially developed intelligent operating and energy management software controls all drive elements in the various driving situations, is OTA-capable and takes over the entire operating strategy management in the vehicles. The vehicles are currently being converted at four conversion sites in Winsen, Lower Saxony. In an initial expansion phase, a further eleven conversion sites will be added in the second quarter of 2022. Clean Logistics will be gradually ramping up capacity over the next few years by building up a partner network.
The alternative drive concept developed by Clean Logistics is not merely CO2-neutral and resource-saving. In addition to emission-free operation, the conversion technology leads to a significant reduction in CO2 emissions compared to the purchase of new emission-free vehicles. In order to build up a climate-neutral and sustainable vehicle fleet, logistics companies and transport associations do not have to purchase any new vehicles, thus eliminating a significant source of CO2 emissions. In this way, climate-polluting diesel buses and semi-trailer trucks are taken off the road and equipped with future technology that is compatible with the climate. In addition, drivers do not have to adapt and, if necessary, be trained for a new type of vehicle.
"We are the first supplier in Europe to convert polluting semi-trailer trucks into zero-emission vehicles. The demand is huge. All our conversion capacities have already been booked with binding effect. In addition, we have received specific enquiries in the high three-digit range. We are systematically paving the way toward sustainable mobility. The decarbonization of road transport is an important concern for us," says Dirk Graszt, CEO of Clean Logistics SE.
Based on the political requirements and numerous initiatives at the state and federal level as well as the EU to promote climate-neutral technologies and infrastructure, the very high market potential for Clean Logistics is emerging. Within the next four years alone, almost half of all newly procured buses in public transport in Germany will have to be low-emission in accordance with EU regulations. Road freight transport is expected to increase by 19% by 2030, while at the same time the German government's target is to lower transport emissions by 48%. To accomplish this, around 220,000 zero-emission trucks must be rolling in heavy freight transport by 2030. "With the resource-saving conversion of existing trucks by Clean Logistics, emissions of approx. 75 tons of CO2 can be lowered per vehicle and year. We see good opportunities for growth and are ideally positioned in the market with our vehicles to implement pragmatic solutions for reducing CO2 emissions quickly and with no loss of time together with logistics companies and transport associations," says Dirk Graszt, summarizing Clean Logistics' potential for growth.