# TruckLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trucklabs

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Phoenix, US
- Website: www.trucklabs.com
- Total disclosed funding: $33M
- Latest round: Series B (Aug 1, 2023)
- Investors on record: 7

## About

TruckLabs, Inc., based in the US, develops innovative aerodynamic solutions for the trucking industry, enhancing fuel efficiency and vehicle stability through advanced technology integration.TruckLabs, Inc. specializes in creating aerodynamic solutions for commercial trucks and was founded in 2012 in Phoenix, US. The company has successfully raised USD 7.00 mn through a Series B funding round led by Blue Bear Capital, with a total amount raised of USD 7.00 mn. The company has completed 4 funding deals, with the most recent being on November 2, 2023. The CEO and founder of TruckLabs is Daniel Burrows, who has a history in developing solutions for the transportation sector.TruckLabs focuses on advanced aerodynamic technology, primarily through its flagship product, TruckWings®, which is designed to reduce drag and enhance fuel efficiency for trucks. This device operates autonomously and integrates seamlessly into both new and existing vehicles. TruckWings is utilized by a range of clients, including fleet operators and OEMs, across North America, Europe, and Asia, supporting various fuel types such as diesel, CNG, hydrogen, and electric vehicles.The revenue model for TruckLabs includes sales and installation of TruckWings® technology, with transactions primarily occurring through B2B partnerships. Their structured pricing plans cater to various client needs, including bulk purchases and ongoing maintenance services. The integration of cloud-connected telematics enhances fleet performance monitoring, while extended warranties and after-sales support solidify customer relationships.In November 2023, TruckLabs was acquired by Consolidated Metco, Inc., which aims to leverage TruckLabs’ technology to enhance growth and reduce emissions in commercial vehicles. The acquisition opens avenues for TruckLabs to expand its product offerings and market presence, focusing on improving aerodynamic solutions for a wider customer base while enhancing sustainability efforts.

## Funding rounds

- Series B, Aug 1, 2023, $7M — Blue Bear Capital, Calibrate Ventures
- Series A, Oct 6, 2021, $15M — Uncork Capital, Autotech Ventures, Calibrate Ventures
- Series A, May 29, 2019, $11M — Uncork Capital, Tandem Capital, Root Ventures, Autotech Ventures, FusionX Ventures, Calibrate Ventures

## Investors

- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Series A
- Tandem Capital (https://capitalatlas.ai/funds/tandem-capital) — Series A
- Root Ventures (https://capitalatlas.ai/funds/root-ventures) — Series A
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series A
- FusionX Ventures (https://capitalatlas.ai/funds/fusionx-ventures) — Series A
- Calibrate Ventures (https://capitalatlas.ai/funds/calibrate-ventures) — Series A, Series B
- Blue Bear Capital (https://capitalatlas.ai/funds/blue-bear-capital) — Series B