This climate startup is challenging Tesla in the race to electrify big rigs
Publishing timestamp: 2024-11-12 13:47:21
Summary
Range Energy, a California-based startup, is focused on electrifying trailers instead of tractors to reduce carbon emissions from big rigs. Their electrified trailers can power and propel themselves, refrigerate, and power onboard systems at a fraction of the cost of diesel. The company has raised $31.5 million and is backed by various investors. Northern Refrigerated Transportation is piloting Range trailers in California, with potential for significant fuel savings and CO2 reduction.
Sentiment: POSITIVE
Keywords: breaking news: technology, tesla inc, electric vehicles, climate, volvo ab, breaking news: business, start-up, technology, transportation, business news,
Source: https://www.cnbc.com/2024/11/12/the-climate-startup-challenging-tesla-on-electrifying-big-rigs.html