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DP World secures $310 million in new investment for the expansion of its Port of Santos terminal with new electric cranes. This funding supports the increase in container-handling capacity and efficiency at one of Brazil's key trade gateways.
Amount Raised
$310 Million
Round Type
Venture
Description
DP World has received eight new fully electric cranes at its Port of Santos terminal, marking a significant investment in its expansion. This brings the total investment in Santos to BRL 1.6 billion (approximately US$310 million). The new cranes will enhance cargo-handling productivity and efficiency. Further development is planned to increase the terminal's annual capacity to 2.1 million TEUs.
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DP World raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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