We’re excited about the four investments we made in 2014, and hope that over time, these companies contribute to improving life for all of us. In keeping with our overall mission, our investments were made in companies that seek to reduce oil used in transportation, repurpose food waste and strengthen local agriculture. Here’s a rundown of these four sustainable startups poised for growth.
We’ve been known to get more than a little irked when we notice people idling their vehicles unnecessarily, like at drive-thrus or school pick-ups. It wastes gas, it pollutes the air, it stinks and it’s just, well, unnecessary. But some drivers get a free idling pass, right? Don’t refrigerated trucks, utility vehicles, safety and emergency vehicles and long-haul trucks often need to keep their engines running to power auxiliary functions? Yes, and no. Here, we explain.
A large segment of the driving population in the United States has to idle to do their jobs properly: truckers. How can we reduce the fuel that gets wasted to refrigerate their trucks and keep their cabs warm in winter? Fortunately, there are smart and dedicated entrepreneurs out there trying to solve this problem through technology. We’re proud to announce that we’ve just made an investment in one of these companies: eNow, Inc., a Rhode Island-based clean technology company that integrates thin-film solar panels and auxiliary power management systems into long-haul and delivery trucks, reducing the need for those trucks to idle their engines to power auxiliary functions.