# Aperia Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aperia-technologies

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Burlingame, US
- Website: www.aperiatech.com
- Total disclosed funding: $53M
- Latest round: Series C (Dec 17, 2018)
- Investors on record: 6

## About

Aperia Technologies, Inc. is a US-based company specializing in advanced tire management solutions that enhance performance and safety for commercial fleets through innovative technology.Founded in 2010 in Burlingame, US, Aperia Technologies focuses on providing tire management solutions. The company has successfully raised funding through 8 deals, with the latest being a Growth round of USD 45.16 mn led by Lime Rock Partners on July 29, 2022. The company is co-founded by Brandon Richardson and Joshua Carter, who also serves as CEO.Aperia Technologies specializes in advanced tire management solutions, focusing primarily on their flagship product, Halo Connect i3. This innovative system integrates automatic tire inflation with predictive tire pressure monitoring (TPMS) to optimize tire health and performance for commercial fleets. The Halo Connect i3 utilizes machine learning algorithms to proactively alert fleet managers of tire issues, thereby reducing downtime and enhancing safety. Customers include a diverse range of enterprises from small businesses to Fortune 500 companies, all of whom benefit from increased fleet productivity and reduced operational costs. The company serves markets across North America and Europe, where the demand for efficient tire management solutions is critical for logistical and transportation operations.Aperia Technologies generates revenue through a combination of direct sales and service agreements related to its tire management products. Clients typically engage in service contracts that provide ongoing access to the Halo Connect i3 system and its associated features, which include real-time data analytics and performance monitoring. Partnerships with major tire manufacturers, such as Goodyear, further enhance the company’s revenue streams by integrating tire-as-a-service models. These contractual agreements are designed to deliver long-term value, with predictable income from subscriptions that accompany the installation of the Halo systems on client fleets. The transaction structure emphasizes B2B relationships, focusing on providing tailored solutions to enhance fleet efficiency and safety.In July 2022, Aperia Technologies secured USD 45.16 mn in growth funding from Lime Rock Partners, which will be allocated towards product development and expanding business operations. The company plans to introduce new products designed to further enhance tire management solutions, although specific release dates have not been disclosed. Additionally, Aperia Technologies aims to expand into new geographical markets across North America and Europe in the coming years to meet growing demand for efficient tire management solutions.

## Funding rounds

- Series C, Dec 17, 2018, $36M — Tenfore Holdings, Blackhorn Ventures
- Series C, Sep 8, 2016, $16M — ELab Ventures
- Series A, Jul 14, 2011, $0.7M — Band of Angels, Sierra Angels, Augment Ventures

## Investors

- Band of Angels (https://capitalatlas.ai/funds/band-of-angels) — Series A
- Sierra Angels — Series A
- Augment Ventures (https://capitalatlas.ai/funds/augment-ventures) — Series A
- ELab Ventures (https://capitalatlas.ai/funds/elab-ventures) — Series C
- Tenfore Holdings (https://capitalatlas.ai/funds/tenfore-holdings) — Series C
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Series C