What is Viatec?
Founded in 2015, Viatec is at the forefront of developing and commercializing innovative technology for the vocational vehicle sector. Their patented electric power take-off (PTO) system, branded as SMARTPTO, is rapidly establishing itself as an industry standard. This system electrifies the truck's worksite power, leading to substantial fuel savings, reduced maintenance costs, and a significant decrease in air and noise emissions. Viatec's expertise lies in creating durable, rugged auxiliary power systems that integrate seamlessly with vehicles, requiring minimal installation time on both new and existing vehicles without impacting drivetrain warranties or regulatory compliance.
How much funding has Viatec raised?
Viatec has raised a total of $4.8M across 2 funding rounds:
Debt
$4.5M
Debt
$300K
Debt (2024): $4.5M with participation from ServisFirst Bank
Debt (2026): $300K, investors not publicly disclosed
Key Investors in Viatec
ServisFirst Bank
ServisFirst Bank is a financial institution that likely provides debt financing and banking services to growing companies, supporting their operational and expansion needs.
What's next for Viatec?
The substantial enterprise-level funding Viatec has attracted, particularly the recent strategic investment, positions the company for accelerated growth and market penetration. This capital infusion is expected to fuel further research and development, enhance manufacturing capabilities, and expand its sales and distribution network. Viatec's focus on providing a next-generation, emissions-reducing power solution for vocational vehicles aligns with increasing industry demand for sustainable and efficient operations, suggesting a strong trajectory for future expansion and potential market leadership.
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