Aperia accepts $45M in financing from Lime Rock New Energy

The closing of $45 million in growth equity financing will help accelerate Aperia's product development roadmap.

Published: Apr 4, 2023

Aperia Technologies has announced the closing of $45 million in growth equity financing led by Lime Rock New Energy. According to the company, this move will accelerate Aperia’s product development roadmap, growth into new markets, and new customer delivery models in tire management solutions.

Aperia says its Halo Tire Management suite combines self-powered tire pressure automation hardware with a machine-learning analytics platform to deliver operational, safety, and sustainability improvements to commercial trucking fleet owners. The technology improves the fuel economy of traditional diesel vehicles, extends the range of electric vehicles, and can serve broad fleet applications across vehicle classes, the company notes.

Castrol, Safety-Kleen to launch program to reduce carbon footprint

Alongside partner Safety-Kleen, Castrol is launching MoreCircular – a program to collect used oil and re-refine it into a usable state.

By Kevin Linger

Managing Editor/Producer of Fleet Equipment Magazine

Published: Apr 26, 2024

Castrol has partnered with Safety-Kleen to launch ‘Castrol MoreCircular,’ a national program designed to reduce the carbon footprint of U.S.-based business lubricants. The company explains that ‘MoreCircular’ encompasses the entire process of collecting used oil from business customers, re-refining it and integrating re-refined base oil (RRBO) into premium lubricants for supply to businesses.