Range Energy: Raises $8M in Seed Funding

Range Energy Raises $8M in Seed Funding

• Range Energy, a Mountain View, CA-based hardware company bringing powered trailers to the commercial trucking market, raised $8M in Seed funding
• The round was led by UP Partners, R7, and Yamaha Motor Ventures
• The company intends to use the funds to expand operations and its development efforts to further accelerate the electrification of industrial transportation
• RangeEnergy accelerates the electrification of commercial transportation via powered trailers for the truck market
• Its powered trailers decrease greenhouse gas emissions, reduce fuel costs for fleet owners, and are designed to eliminate operational disruptions borne from the transition to electric vehicles
• The trailers are compatible with today’s diesel tow vehicles and tomorrow’s innovative all-electric tractors