What is Aperia Technologies?
Headquartered in Burlingame, California, Aperia Technologies specializes in the design and manufacture of the Halo, an automatic tire inflation system engineered for semi-truck tractors and trailers. The device, which integrates seamlessly onto the wheel hub, provides real-time pressure maintenance, thereby mitigating the risks associated with under-inflated tires. By ensuring optimal tire pressure, the Halo system significantly improves fuel economy and extends tire life, addressing two of the most substantial operational costs for fleet operators. Aperia's market position is defined by its commitment to industrial innovation, effectively bridging the gap between traditional mechanical hardware and the data-driven requirements of the modern logistics landscape.
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 Municipal Employee Retirement System of Michigan and eLab Ventures
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.
Tenfore Holdings
Tenfore Holdings is a global investment firm that specializes in growth-stage and middle-market investments in sectors such as advanced manufacturing, logistics, and environmental sustainability, focusing on companies that drive innovation.
Blackhorn Ventures
Blackhorn Ventures partners with visionaries to harness the power of data, focusing on startups that leverage digital technologies to enhance critical industries and address challenges related to climate change.
What's next for Aperia Technologies?
Looking ahead, Aperia Technologies is well-positioned to capitalize on the ongoing shift toward sustainable and efficient transportation infrastructure. The recent strategic investment will likely be deployed to accelerate product distribution, enhance manufacturing capabilities, and potentially expand the company's footprint into new global markets. As the industry moves toward the Fourth Industrial Revolution, Aperia's focus on integrating smart, automated systems into heavy-duty vehicles aligns with broader trends in industrial automation and environmental sustainability. The company's ability to maintain strong relationships with institutional investors and private equity partners provides the necessary runway to continue its R&D efforts, ensuring that its Halo technology remains at the forefront of the tire management market. Future growth will likely be driven by increased adoption among large-scale fleet operators seeking to optimize their bottom line while meeting stringent environmental compliance standards.
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