Lysanda, a Kelvedon, UK-based provider of advanced technology for vehicle fuel savings, has raised £10m in funding.
Bakers include Disruptive Capital Finance, investors Danny and Edmund Truell and the company’s newly appointed executive chairman Geoffrey Finlay.
Lysanda intends to use the funds to further develop and expand adoption of its Eco-LogTM, an in-vehicle, on board software solution, which is designed to help reduce vehicle fleet running costs by providing highly accurate data on fuel consumption and wastage.
The company recently has been selected as a strategic partner by TomTom to provide Eco-log to a range of TomTom devices.
FinSMEs
17/10/2011