Odyne Hybrid Systems
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $300k | Grant | |
$256k | Grant | ||
$1.3m | Seed | ||
$3.0m | Seed | ||
$2.5m | Seed | ||
$2.5m | Seed | ||
N/A | $1.5m | Debt | |
N/A | Seed | ||
Total Funding | €9.0m |
Recent News about Odyne Hybrid Systems
EditOdyne Systems, LLC specializes in the development and manufacturing of plug-in hybrid electric systems for medium- and heavy-duty trucks, particularly utility fleets. Operating in the clean energy and transportation market, Odyne serves clients such as utility companies, government agencies, and large fleet operators who seek to reduce fuel consumption and emissions. The company's business model revolves around the sale and installation of its proprietary hybrid systems, which integrate seamlessly with existing truck transmissions. Revenue is generated through direct sales, government contracts, and ongoing maintenance services. Odyne's hybrid systems are designed to improve fuel efficiency, reduce idle time, and lower greenhouse gas emissions, making them an attractive option for environmentally conscious organizations. The company has received multiple awards for innovation and sustainability, including grants from the U.S. Department of Energy.
Keywords: hybrid electric systems, utility fleets, fuel efficiency, emissions reduction, plug-in hybrid, medium-duty trucks, heavy-duty trucks, clean energy, government contracts, sustainability.