Energy Impact Partners (EIP) it has invested $5.7 million (€5 million) in ViriCiti, in a Series A round. EIP is a utility-backed energy investment and innovation firm, and ViriCiti is an EV fleet efficiency technology company.
Established as a strategic private equity 2015 EIP invests in innovative technologies, services, and products throughout the energy supply chain from generation to consumption. It provides its strategic partners with critical information helping them plot a path into the future.
ViriCiti has developed and deployed a telematics platform for monitoring and managing electric bus and truck fleets, enabling fleet operators to optimize battery and vehicle performance by providing real-time data and actionable insights.
By connecting vehicles and charge stations, the company provides insight into energy management, route operations and flexible charging in one platform. The company’s real-time reporting framework keeps transit operators up to date on electric fleet operation, eliminating range anxiety and depleted battery incidents.
The company claims to currently be serving more than 50% of the e-bus market in Europe and North America, with its solution integrated into some of the largest urban transit networks – including New York City, San Francisco and Los Angeles.
The company is expanding to serve mixed fleet applications by providing telematics and optimization services to non-EV buses and trucks. It is also developing smart charging capability through the vehicle to dynamically charge as needed during trips, based on integration with multiple charging hardware suppliers.
Source: Press Release