Aperia Technologies, a Burlingame, California-based cleantech company, secured $16m in funding.
The round was led by Municipal Employee Retirement System of Michigan and eLab Ventures.
The company intends to use the funds to invest in sales and marketing infrastructure and expand customer support operations.
Led by CEO Josh Carter, Aperia Technologies provider of automatic tire inflation systems capable of serving both tractors and trailers. Its Halo Tire Inflator is a self-powered, bolt-on inflation technology capable of maintaining optimal tire pressure on both drive and trailer axles and serving trucks, trailers and buses. It uses a wheel’s rotation to generate pressure and maintain optimal tire inflation and therefore does not require any connection to a central air compressor.
Halo is today installed on more than 170 fleets and thousands of tractors and trailers.
FinSMEs
16/11/2016