What is Aperia Technologies?
Aperia Technologies specializes in the development and manufacturing of its proprietary Halo device, an automatic tire inflation system designed for semi-truck tractors and trailers. This innovative bolt-on system is engineered to be installed quickly, directly onto the wheel hub, with the primary objectives of increasing fuel efficiency and improving road safety. Headquartered in Burlingame, California, Aperia Technologies addresses critical needs within the commercial transportation sector by offering a solution that optimizes vehicle performance and reduces operational costs.
How much funding has Aperia Technologies raised?
Aperia Technologies has raised a total of $137.9M across 12 funding rounds:
Debt
$4.4M
Private Equity
$15.6M
Series B
$16M
Debt
$4.6M
Series C
$36M
Debt
$1M
Debt
$1.7M
Private Equity
$45M
Debt (2015): $4.4M, investors not publicly disclosed
Private Equity (2016): $15.6M with participation from eLab Ventures and Municipal Employee Retirement System of Michigan
Series B (2016): $16M led by Municipal Employee Retirement System of Michigan and eLab Ventures
Debt (2017): $4.6M, investors not publicly disclosed
Series C (2019): $36M featuring Tenfore Holdings and Blackhorn Ventures
Debt (2020): $1M backed by PPP
Debt (2021): $1.7M with participation from PPP
Private Equity (2023): $45M led by Lime Rock New Energy
Key Investors in Aperia Technologies
Lime Rock New Energy
Lime Rock New Energy specializes in creating partnerships within the energy transition and responsible investing sectors to enhance profits and operational excellence. The company focuses on growth equity to support leaders in the new energy economy.
eLab Ventures
ELab Ventures is a venture capital firm focused on investing in businesses that leverage artificial intelligence to create market disruption. The company aims to empower AI innovation by supporting startups and companies that utilize AI technology.
Tenfore Holdings
Tenfore Holdings is a New York-based global investment firm that specializes in growth-stage and middle-market investments in sectors such as advanced manufacturing, agriculture, logistics, health care, and environmental sustainability.
What's next for Aperia Technologies?
With the infusion of major enterprise-level capital, Aperia Technologies is poised for significant expansion. The strategic investment suggests a focus on accelerating production, broadening distribution channels, and potentially investing in further research and development to enhance its tire inflation technology. This funding will likely enable the company to solidify its market position and pursue new opportunities in the commercial fleet sector, aiming to become a dominant player in vehicle safety and efficiency solutions.
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