BURLINGAME, Calif.–(BUSINESS WIRE)–Aperia Technologies, a clean technology company focused on innovation to increase transportation efficiency, today announced the company has raised $16 million to fund expansion. This funding, along with the company’s dedicated U.S. production facility and the U.S. Environmental Protection Agency (EPA) rule requiring fuel use reduction, provides significant traction for Aperia Technologies.
“The second half of 2016 has been action-packed, and we’re thrilled to continue our focus on serving our industry and delivering a premium customer experience.”
The $16 million in funding was co-led by Municipal Employee Retirement System (MERS) of Michigan and eLab Ventures. eLab Ventures has a strong focus on transportation and mobility.
“We were very impressed with the Halo technology and the strong business momentum Aperia has built. Aperia is a leading company in the growing trend around technology innovation in transportation,” said Bob Stefanski, Managing Director, eLab Ventures. “They primed the market, proved the technology, and are now seeing rapid adoption from many of the biggest companies in commercial transportation.”
Read full article here