# Optimus Technologies

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

- Industry: Renewable Energy
- Headquarters: Pittsburgh, US
- Website: www.optimustec.com
- Total disclosed funding: $18M
- Latest round: Series A (Apr 18, 2023)
- Investors on record: 6

## About

Based in Pennsylvania, US, and founded in 2010, Optimus Technologies, Inc. operates as a clean energy technology company. The company was founded by its CEO, Colin Huwyler, and Jon Ewing. In April 2023, Optimus Technologies, Inc. raised USD 17.8 in series A funding led by Mitsui & Co Global Investment, Idea Foundry, Innovation Works, and Renewable Energy Group.

The products and services offered by the company include Vector System, which is a biodiesel engine system that is designed to reduce emissions and improve fuel efficiency for medium- and heavy-duty trucks; SMARTFuel System, which is an RFID fuel management system (FMS); fueling solutions; distribution and supply of BQ-9000 fuel; installation and maintenance of vehicle components like valves, sensors, pumps, etc.

The company plans to use the funds raised in April 2023 to accelerate its deployments in North America and expansion into several strategic international markets.

## Funding rounds

- Series A, Apr 18, 2023, $18M — Urban Redevelopment Authority of Pittsburgh, Mitsui Global Investment, Idea Foundry, Innovation Works, Richard King Mellon Foundation, Renewable Energy Group

## Investors

- Urban Redevelopment Authority of Pittsburgh — Series A
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series A
- Idea Foundry — Series A
- Innovation Works (https://capitalatlas.ai/funds/innovation-works) — Series A
- Richard King Mellon Foundation — Series A
- Renewable Energy Group — Series A