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Telematics provider ViriCiti lands $5.7M in Series A funding

The company has developed and deployed a telematics platform for monitoring and managing electric bus and truck fleets.

February 4, 2019
Telematics provider ViriCiti lands $5.7M in Series A funding

 

1 min to read


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.

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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.

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