Almi Invest invests in Rumblestrip which reduces emissions from heavy trucks.
Almi Invest invests SEK 3 million in Rumblestrip, which develops products and services that reduce fuel consumption and CO2 emissions by up to 8 % in heavy trucks. The newly emitted shares, worth a total of 5 million, are also invested in by the company’s founder Gustav Kristiansson and former NHL professional Johan Franzén.
Heavy trucks account for about 10 % of Europe’s total CO2 emissions. Linköping company Rumblestrip has recently launched a software and a completely new type of automatic system for existing roof deflectors that reduce fuel consumption.
-Rumblestrip has developed a smart technology to help the environment in a concrete way, while the transport industry can save big money, says Pär Carlshamre, Investment Manager at Almi Invest. The importance of reducing CO2 emissions is becoming more important for each day. The potential for the technology is great and the team strong, we look forward to being part of the company’s journey into the global market.
Rumblestrip’s system, Ecosense Trailer Assist, attaches to the roof deflector on the roof of the truck cab and reduces the air resistance. Rumblestrip’s software solution optimizes the setting automatically based on weather, wind and size of trailer. Given the reduced fuel consumption, an average rider will have a return of investiment of about 24 months for each truck and save about 5 tonnes of CO2 per year.
The investment will be used to expand the market presence in Europe. The company has a number of patents granted, both in Sweden and Europe, and a large number of applications are being processed, including the USA, China and Brazil. Heavy duty vehicles account for 75% of all transportation within the EU and is projected to increase by 4 % annually given increased urbanization, e-commerce and special transport. There are about 1.8 million tractors in the EU and about 230,000 new ones are sold every year. About 95 % of these have a permanently installed roof air deflector that today needs to be manually adjusted.
-This is just the first step in our entry into the market for fuel and vehicle optimization. We are now establishing strong ties with the major players in Europe and are planning to launch our product as an option for new truck purchases shortly, says Rumblestrip’s CEO Milad Pouyanmehr. Having both software and hardware on board the truck puts us in a very exciting position, where we see great opportunities for additional sales.
For further information contact
Milad Pouyanmehr, CEO of Rumblestrip, tel. 076-760 74 03, email milad@rumblestrip.tech
Pär Carlshamre, investment manager Almi Invest, tel. 070-479 00 88, email par.carlshamre@almiinvest.se
Gustav Kristiansson, Chairman of the Board of Rumblestrip, tel. 070-876 67 68, email gustav@rumblestrip.tech
Maria Kessling, Head of Communications Almi Invest, tel. 076 880 88 10, email maria.kessling@almiinvest.se
