Idle Free Systems
Latest round
- Series A
Last raised
- May 2008
Total raised
- $0.6M
Investors
- 1
About Idle Free Systems
Idle Free Systems specializes in creating electric Auxiliary Power Units (APUs) that help reduce idling in heavy-duty vehicles. The company was founded in 2003 and is headquartered in Madison, US. In July 2014, Phillips & Temro Industries, part of Audax Private Equity, acquired Idle Free Systems without disclosing financial terms. The founder's detailed history is not available, and there have been no mentioned pivots in business strategy or operations.Idle Free Systems specializes in high-performance electric Auxiliary Power Units (APUs) designed to reduce idling in heavy-duty vehicles, particularly those used in the transportation and logistics sectors. Their offerings include electric APUs that provide power for heating, cooling, and auxiliary systems without the need for the engine to run, significantly lowering fuel consumption and emissions. The company serves a diverse client base, including fleet operators and trucking companies in North America and parts of Europe, where stringent emissions regulations and rising fuel prices create demand for efficient idling solutions.Idle Free Systems generates revenue primarily through direct sales of their electric APUs to businesses in the transportation sector. The sales structure typically involves B2B transactions where fleet operators purchase units for their vehicles, often supplemented by maintenance contracts and after-sales services to ensure optimal performance. Revenue is derived from the flagship electric APU systems, along with partnerships that may facilitate bulk procurement with large logistics companies. Their pricing plans reflect the sophisticated technology and energy savings provided, catering to clients focused on reducing operational costs while complying with environmental standards. The company plans to design and launch new models of electric APUs, with a focus on enhancing energy efficiency and performance in the coming years. Additionally, Idle Free Systems is targeting expansion into new geographic regions, specifically looking to penetrate markets in Asia and South America by 2025.
Who invested in Idle Free Systems
1 investor across 1 round
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Funding rounds
Series A
May 18, 2008
Amount
$0.6M
Investors
Questions about Idle Free Systems
Who invested in Idle Free Systems?
Idle Free Systems has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Idle Free Systems raised?
Idle Free Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Idle Free Systems last raise money?
Idle Free Systems's most recent round on record is a Series A, in May 2008.
What does Idle Free Systems do?
Idle Free Systems specializes in creating electric Auxiliary Power Units (APUs) that help reduce idling in heavy-duty vehicles.
Where is Idle Free Systems headquartered?
Idle Free Systems is headquartered in Madison, US.
Which VCs invest in companies like Idle Free Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back automobiles, other vehicles & parts companies at Idle Free Systems's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series A
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