Aperia receives $45M in growth funding from EnerTech

May 26, 2023 at 04:45

Tire management company Aperia Technologies received $45 million in funding from venture capital firm EnerTech. EnerTech participated in a previously announced $45 million growth round of funding led by Limerock New Energy.

The new funds will accelerate Aperia’s product development roadmap, growth in the markets it serves, and new customer delivery models, according to an EnerTech press release.

See also: Aperia launches Halo Connect 2.0 tire management platform

Aperia’s Halo Tire Management suite combines self-powered tire pressure automation hardware with a machine-learning analytics platform to deliver operational, safety, and sustainability improvements to commercial trucking. The technology aims to improve the fuel economy of traditional diesel vehicles, extend the range of electric vehicles, and serve broad fleet applications across vehicle classes.

“We are excited to have EnerTech join the latest round of funding,” said Aperia CEO Josh Carter, “and believe their industry insight and long history with a number of key corporate strategic partners will provide significant value to our growth strategy.”

EnerTech’s Managing Director, Wally Hunter, stated, “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.”