Blackburn Energy
Latest round
- Series A
Last raised
- Apr 2021
Total raised
- $2.1M
Investors
- 2
About Blackburn Energy
Blackburn Energy, Inc.Founded in 2014 and headquartered in Amesbury, US, Blackburn Energy, Inc. focuses on hybrid charging solutions for heavy trucks.96 mn.Blackburn Energy specializes in hybrid charging technology designed for the electrification of heavy trucks, enabling them to function as mobile renewable energy platforms. Their core product, RelGen®, captures kinetic energy generated by the vehicle’s drive shaft, converting it into electricity through an alternator for powering auxiliary equipment such as electric APUs (Auxiliary Power Units) and liftgates. This innovation addresses key challenges faced by heavy truck fleet owners, including high fuel costs and carbon emissions, particularly for long-haul drivers and delivery operators. The product enhances operational efficiency by eliminating the need for engine idling, thereby reducing fuel consumption and maintenance expenses.Blackburn Energy generates revenue primarily through the sale and installation of its RelGen® hybrid charging systems to commercial trucking fleets. The company engages in B2B transactions, offering direct sales and installation services to fleet owners, modification centers, and upfitters. Revenue is realized at the point of sale, typically involving a one-time purchase for the RelGen® system, which includes installation services. The pricing structure reflects the technological advancements and efficiencies offered by the product.In December 2021, Blackburn Energy, Inc. The company is planning to expand its market presence beyond North America, targeting regions with growing demands for sustainable logistics solutions. Specific timelines for product launches and market entry strategies will be determined based on the utilization of these funds, which aim to enhance their technological capabilities and market reach.
Who invested in Blackburn Energy
2 investors across 2 rounds
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Questions about Blackburn Energy
Who invested in Blackburn Energy?
Blackburn Energy has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Blackburn Energy raised?
Blackburn Energy has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Blackburn Energy last raise money?
Blackburn Energy's most recent round on record is a Series A, in Apr 2021.
What does Blackburn Energy do?
Blackburn Energy is a energy storage & batteries company.
Where is Blackburn Energy headquartered?
Blackburn Energy is headquartered in Amesbury, US.
Which VCs invest in companies like Blackburn Energy?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back energy storage & batteries companies at Blackburn Energy's stage. Their profiles are linked below.
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