NG1 Technologies, an Atlanta, GA-based cleantech solutions company, secured almost $1.5m in Series A funding.
Backers in the round, next to the close, included Band of Angels, Denver-based Sun Strategies as well as a private investor.
The company intends to use the funds to expand the manufacturing and distribution for its current product, Tech Flo Exhaust, as well as to continue the current testing, research and development in the areas of fuel savings and emissions reduction.
Led by Dustin Nord, Chief Technology Officer, NG1 Technologies provides Tech Flo Exhaust, an aftermarket exhaust system for the transportation industry which provides fleet owners and independent truck drivers in the transportation industry with fuel savings, increased engine performance and reduced emission and sound pollution benefits.
It uses an advanced application of fluid dynamics to enhance the efficiency of diesel engine fleets operating within numerous fields, including shipping and delivery, logistics, agriculture, oil and gas, stationary and utilities.