EnerTech has invested in Aperia Technologies. EnerTech participated in a previously announced $45 million growth round of funding led by Limerock New Energy.
The companies say the new funds will accelerate Aperia’s product development roadmap, growth in the markets it serves, and new customer delivery models to solidify its position as the industry leader in tire management solutions that reduce operating costs and improve the environmental performance of fleet operators globally.
Aperia’s Halo Tire Management suite combines self-powered tire pressure automation hardware with a machine-learning analytics platform to deliver powerful operational, safety, and sustainability improvements to commercial trucking. The technology improves the fuel economy of traditional diesel vehicles, extends the range of electric vehicles, and can serve broad fleet applications across vehicle classes.
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“We are excited to have EnerTech join the latest round of funding and believe their industry insight and long history with a number of key Corporate Strategic Partners will provide significant value to our growth strategy,” says Josh Carter, CEO of Aperia Technologies.
“Aperia is well aligned with the investment strategy in our latest fund (EnerTech Global Strategic Mobility Fund) and addresses the growing opportunities in the world of fleet maintenance. The rapidly expanding Global opportunities in tire management and predictive maintenance, provide Aperia with a massive market opportunity for their IOT and sensor-based Halo platform” adds Wally Hunter, managing director, EnerTech Capital.