Description

NGRT is a Spanish company focused on improving railway safety and efficiency, helping infrastructure managers and train operators to secure their infrastructure and operations. NGRT's vision is to be a game changer for the railway industry by introducing novel and cost-effective solutions addressing clients' needs worldwide. NGRT is based in the Technology Park in Malaga, Spain.

NGRT wants to truly revolutionize railway infrastructure monitoring by using its innovative vibration detection technology, proven by DB Netze (which operates a majority of the German railway system) and NetworkRail (owner and infrastructure manager of most of the railway network in Great Britain), and RUMO (Brazilian logistic company, focused in the railway line logistics in Brazil, and the largest company in this segment in Latin America). 

The system is a real-time rail monitoring system that identifies problems within the railway infrastructure, such as Broken Rails, Rockslide and Mudslides, Flooding, people and or animals on the track, damage to trains and rolling stock equipment, securing that two trains are not on the same track at the same time, and more.

The purpose of this campaign is to secure NGRTs' time to market and increase deliveries for clients and partners. The funds will be used as working capital to manufacture more systems. NGRT has recently signed an agreement with the largest railway in the world (India), securing NGRT a revenue stream over the next five years of more than 147 million euros. 

This solution requires small, unobtrusive system installations with low power consumption. The system incorporates machine learning and improves over time as it is used. NGRT can safely provide comprehensive railway network monitoring, replacing numerous single-purpose equipment. Additional benefits include providing data on actual track usage to enable more efficient preventive maintenance of the tracks.

NGRT’s system contains four sensors and one central unit with all software, including AI and algorithms, installed in a track-side cabinet. The system is connected to the control room by wireless communication and can use any renewable energy sources since it only consumes approx. 15W of energy in total.

Improving the safety of railways supports EU Green Deal challenges such as climate change risks, sustainability, and net zero emissions. Continuous rail monitoring by NGRT can significantly mitigate the consequences of extreme weather events associated with climate change on the infrastructure for the railway industry, which in Europe saves 8.4 million tons of carbon dioxide emissions. This number can grow with better monitoring.

The Impact

Improvement in transportation infrastructure – increase in safety and efficiency: the innovative and patented solution from NGRT is capable of preventing accidents and disturbances in the railway network, increasing safety and use efficiency. The company provides a wholesome solution for many of the issues faced by operators, ans covers, to date, approximately 100km of tracks. With the installations from the contracts in India, Brazil, and Europe, NGRT will ensure the safety and efficiency of approximately 2,500km of tracks.

Promotion of sustainable and accessible transport systems: By improving the operations and efficiency of railway systems, the NGRT’s products contribute to improved collective transport systems, which are key to reduce emissions from transportation. Thus, indirectly supporting the European Green Deal agenda of drastically reducing the greenhouse gas emissions in general, and more specifically in transportation.

Creation of new jobs: during the year 2023 only NGRT expects to hire 10 to 15 new specialists.

Impact Indicators

10

jobs created

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

NGRT has a pending receivable of 313.000 euros from the European Commission (Horizon 2020) and has received purchase orders from clients for more than 450.000 euros. This funding, used to manufacture more systems, will improve the company's sales. NGRT can repay the loan using its revenue stream and receivables from the EU.

Download Key Investment Information Sheet

Guarantees

Shareholders' pledge - Richard Aaroe.

The Promoter

About NEXT GENERATION RAIL TECHNOLOGIES, SL

The promotor of this campaign is NGRT, a company based in Malaga with the purpose and vision to be a game changer for the railway industry by introducing a novel and cost-effective solution addressing clients' needs worldwide. They aim to be a world leader in state-of-the-art technology to make railways safer, increase efficiency and contribute to Green Deal goals of climate change risk mitigation, sustainability, and net zero emissions. 

NGRT’s mission is to digitalize infrastructure monitoring, assure predictive maintenance, and improve safety and efficiency to increase railway network capacity at significantly lower costs for railway infrastructure managers with unique technology.

NGRT was founded in 2015 by its CEO&President, Richard Aaroe, after spending years researching and understanding the urgent need for infrastructure monitoring from railways around the world. NGRT’s team consists of 12 highly skilled experts and is fast growing. Their strong management team comprises senior members from the railway industry, such as Network Rail, Deutsche Bahn, and MTR. NGRT has installed eight systems in India, Germany, the UK, and Spain, which will grow to 25 by the end of 2023.

The latest news is that NGRT has been chosen by the world’s largest railway network, the Indian Railways, to assist them in securing their entire railway infrastructure with the NGRT Broken Rail Detection System (BRD) and further infrastructure monitoring capabilities.

NGRT is now approached by partners like Thales, Alstom, Bombardier, Wabtec Corp, and more who have requested to represent NGRT towards their clients, securing a large international network.

The team

Richard Aaroe

CEO & Chairman

Educated from the military academy specializing in strategy, management, and administration, Richard has +30 years of experience in project management, as chief of operations in various companies, and as a board member. During his career, he has managed significant turnover in companies, large and complex programs, and funded companies in different European countries. Over the last 10+ years, Richard has developed innovative solutions and technologies for the railway industry, focusing on reliability, cost savings, and bringing the railway industry forward.

Business Model

Updates