Deutsche Bahn sets V-Labs on track

At this year’s Deutsche Bahn Selection Day for Construction Technology, Geneva startup V-Labs made the best of impressions, finishing among the 9 winning teams that were able to convince the jury with their disruptive approaches.

The victory is a clear and important sign of interest from the market in V-Labs innovative augmented reality for geolocated data solution. Contacted by Startupticker.ch, V-Labs CEO Diemer Cohen Stuart explains: “Collaborating with Deutsche Bahn is a great opportunity that allows us to further explore our solution for new use cases, such as the railway industry. Furthermore, it is a great market entry point to establish V-Labs in Germany which further supports our ambitions to expand to the European market in the near future.” 

The goal of the collaboration with Deutsche Bahn is to use V-Labs technology to optimize the installation and geolocation of assets along the railway tracks. The startup’s solution helps operators to install assets more efficiently and automatically collect the data of the installation process for maintenance and control purposes. This strongly increases the operational efficiency in the field and helps to reduce maintenance costs. The startup’s CEO further adds: “A strong collaboration with Deutsche Bahn proves that its technology is useful in the industry. It will open new commercial prospects in Germany as well as in other European countries further supporting the company’s ambitions to expand to the European market in the near future.”

V-Labs is currently in the go-to-market phase. This means that its product is ready for the market and that the startup is shifting its focus to sales. With large partners such as Deutsche Bahn, the company is confident that it will manage to ramp up sales and further grow. In order to further accelerate its business, the V-Labs will launch a series A investment round early next year.

(ES)

Photo by Michael Kuchinke-Hofer