CityFreighter, with a $7.5 million valuation cap, is raising funds on Wefunder. The company makes electric trucks with lower costs and a modular approach. The concept used by CityFreighter provides maximum flexibility and intelligent solutions for logistics companies. Michael Schoening founded CityFreighter in 2018 and has raised over $400,000 since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $535,000, will be used to start building the prototype chassis. CityFreighter works on a unique modular system that helps to build different vehicle variations quickly and saves millions of dollars on development costs. The company is building strong collaborations with global partners and starting in the largest key markets, the US and Europe.