Energy investment firm Energy Impact Partners has invested $5.7 million in ViriCiti, developer of a telematics platform for monitoring and managing electric bus and truck fleets.

“Mid- and heavy-duty vehicles present an enormous near-term opportunity for electrification, but fleet operators need the tools to leverage the unique characteristics of battery-powered vehicles,” said Shayle Kann, EIP’s Senior VP of Research & Strategy. “ViriCiti provides them capabilities that will accelerate electrification, lower operating costs and minimize impacts on the grid.”

“We will use this investment to open our first North American headquarters on the East Coast, grow our team and offices to ensure great customer service, and build up our sales network,” said Freek Dielissen, CEO of ViriCiti.

Source: Energy Impact Partners