Alabama NewsCenter — Alabama-based Repowr raises $4.2 million seed round

By Innovation Depot

Repowr, a collaborative logistics marketplace and digital-leasing platform aiming to bring visibility and value to underused transportation equipment, has closed a $4.2 million seed round. The round was led by Koch Disruptive Technologies (KDT), the growth and venture arm of Koch Industries Inc., with participation from Perot Jain Alliance and a number of strategic angel investors.

Repowr is a 2021 graduate of the Velocity Accelerator program at Birmingham’s Innovation Depot.

The transportation equipment market has virtually dissipated over the past two years and fleets of all sizes are desperate for additional equipment, specifically trailers. The Repowr marketplace, through its shared-asset visibility and management technology, allows users to book underused trucks and trailers within minutes – a type of accessibility that will be a boon to supply chain operations.

The AlabamaWx Weather Blog gladly brings you an excerpt of this article through a partnership with the Alabama NewsCenter. You can see the complete post featuring all the associated images, videos, and links by clicking HERE.

Category: ALL POSTS, Partner News Stories