Optimus Technologies, Inc. is a clean energy technology company that was founded in 2010 and is headquartered in Pittsburgh, Pennsylvania. The company's flagship product is the Vector System, an advanced fuel technology enabling diesel engines to run on 100% biodiesel, addressing the challenges of emissions reduction in medium and heavy-duty fleet applications. Optimus Technologies aims to help fleets reduce operating costs, eliminate carbon emissions, and achieve long-term sustainability targets in a cost-effective manner. The company recently secured a $17.80M Series A investment on 23 April 2023 from a group of notable investors including Innovation Works, Idea Foundry, Richard King Mellon Foundation, Mitsui & Co, Renewable Energy Group, and the Urban Redevelopment Authority of Pittsburgh. Optimus Technologies provides groundbreaking solutions to combat carbon emissions in transportation and manufacturing, making it an intriguing proposition for venture capitalists seeking to invest in renewable energy and clean technology startups.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $17.80M | 6 | Urban Redevelopment Authority of Pittsburgh, Richard King Mellon Foundation +2 | 23 Apr 2023 |
Non Equity Assistance | Unknown | 1 | 01 Jun 2021 | |
Convertible Note | $175.00K | 3 | Roger B, Protean Energy Advisors +1 | 24 Apr 2018 |
Convertible Note | $9.20K | 1 | Cullen K | 01 Oct 2017 |
Convertible Note | $100.00K | 1 | John S | 16 Aug 2017 |
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