Energy Impact Partners (EIP) invested $5.7 million in ViriCiti, in a Series A round of funding. The investment in the EV fleet efficiency technology company is EIP’s first in a Europe-based firm.
ViriCiti has developed and deployed a telematics platform for monitoring and managing electric bus and truck fleets, enabling fleet operators to optimize battery and vehicle performance. The company currently serves more than 50% of the e-bus market in Europe and North America, with its solution integrated into some of the largest urban transit networks – including New York City, San Francisco, and Los Angeles.
ViriCiti’s core product offers an integrated approach for vehicle monitoring and smart charging, utilizing route planning information and different charging platforms. The company’s real-time reporting framework keeps transit operators up to date on electric fleet operation, eliminating range anxiety and depleted battery incidents.
ViriCiti is expanding to serve mixed-fleet applications by providing telematics and optimization services to non-EV buses and trucks. It is also developing smart charging capability through the vehicle to dynamically charge as needed during trips, based on integration with multiple charging hardware suppliers.