Simple-Fill, a Columbus, OH-based provider of innovative technology that compresses natural gas in an efficient way, secured approximately $1.7m in funding.
The round was led by Worthington Industries with participation from Rev1 Ventures and The Ohio State University’s Carmen Innovations Fund and several angel investors.
The company intends to use the funds to develop its 40 GGE compressor.
Led by Rob Underhill, CEO, Simple-Fill uses liquid to compress, cool and dehydrate natural gas, while eliminating methane leakage. The company’s technology is already being used by the Safelite AutoGlass® facility in Worthington, Ohio, to reduce operating expense with a more predictable and environmentally friendly fuel to power their commercial fleet.
The company also announced it is deepening its partnership with Parker Hannifin Corporation, the global leader in motion and control technologies. The agreement will allow Simple-Fill to leverage Parker’s engineering and manufacturing capabilities to further develop and fulfill orders for its Compressed natural gas re-fueling technology.
FinSMEs
06/03/2018