RailVision Analytics, a Montreal, Canada-based provider of an in-cab technology develepment solutions, raised US$4M in Seed funding.
The round was led by Trucks Venture Capital with participation from MUUS Climate Partners, Blackhorn Ventures, Incite.org, Measured Ventures, Active Impact Investments and Neil Murdoch.
The company intends to use the funds for technical hiring, to grow its product development team, and to expand its EcoRail product line and customer base.
Led by Dev Jain, founder and CEO, RailVision Analytics is developing in-cab technology for passenger and freight trains to drive efficiency and growth in the rail industry. Its EcoRail app directly reduces fuel consumption and GHG emissions through improved train handling. As it embraces a user interface similar to Google Maps, the app is easy for railroad engineers to adopt. Over the past year, EcoRail has been in pilot testing with several companies, including Genessee & Wyoming, Metrolinx, Port of Montreal, and Via Rail. The app is now commercially available for deployment by all passenger and freight shortline railroads.
FinSMEs
30/11/2022