reps
Austrian cleantech startup REPS has secured US$23.6 million in equity financing to expand deployment of its Road Energy Production System, a technology designed to convert vehicle traffic into electrical energy.
The company said its patented system captures mechanical energy generated when vehicles brake or slow down and converts it into electricity using road-embedded infrastructure installed beneath traffic lanes.
REPS is initially targeting ports, logistics hubs, industrial sites and other high-traffic freight corridors ...
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